URON Inc. Embarks on Strategy of Becoming Premier Payday Lender

URON, Inc., previously a shell business, became the moms and dad business of Wyoming Financial Lenders Inc. ( “ WFL ” ) adhering to a merger effective December 31, 2007. The business happens to be the operator of 52 Wyoming Financial Lenders shops providing cash loan loans along with other customer lending options in ten states including Nebraska, Iowa, North Dakota, Southern Dakota, Wyoming, Montana, and Kansas. The business intends to expand its present product offerings and shop impact through extra acquisitions that are strategic key areas.

Chris Larson, Chief Executing Officer of URON, Inc. claimed, “ With the acquisition of Wyoming Financial Lenders, URON is on its means towards developing a strong existence in the bucks advance loan industry. We come across a significant development possibility when you look at the short-term customer loan industry and can focus the Company ’ s system expansion on states with a high populace development prices of underserved consumers, strong economies, and good demographic styles. WFL has already been a frontrunner within the loan that is payday and provides URON aided by the foundation to boost our monetary solutions offering. The bucks advance loan company is quickly expanding as a result of alterations in the banking industry while the convenience it provides clients to protect cash-flow shortfalls, and we also think that ultimately combining pay day loan, name loan, along with other solutions in one single shop concept will let us take advantage of the about $40 billion in short-term credit increasingly being supplied. ”

“ Our strategy in finishing the WFL purchase is three-fold, ” Mr. Larson continued. “ First, it permitted our stockholders to obtain a community of extremely lucrative shops without having the startup expenses and negative income connected with starting brand new shops. 2nd, it offers us a platform to continue to introduce products that are new such as for instance name loans, to an individual base of a huge number of past and present clients of WFL. Third, the purchase supplies a platform with an management that is experienced to keep to expand our store count, develop product sales and profits, and return value to the investors in the long run. ”

Acquisition of Wyoming Financial Lenders

As formerly established, URON, Inc. finished the purchase of WFL on 31, 2007 for a purchase price of $25 million, including $21 million in preferred stock and $4 million in common stock december. WFL is really a fast-growing customer monetary services business specialized in supplying unique economic approaches to the big and growing under-banked customer market. Wyoming Financial Lenders provides lending that is payday check-cashing, and relevant solutions right to customers through 52 areas in ten states.

1-for-10 Reverse Stock Separate

Before the merger, URON, Inc. impacted payday loans online in Georgia a reverse that is 1-for-10 at the time of December 27, 2007. The Company ’ s authorized and outstanding capital stock was combined on a 1-for-10 basis and the Company’s stock symbol on the Over-the-Counter Bulletin Board was changed, effective December 31, 2007, to URRN.OB as a result of the reverse stock split. Additionally in the effective period of the merger, the Company ’ s board of directors had been reconstituted by the visit of Christopher Larson, Robert W. Moberly, James Mandel, John H. Klassen IV and Mark Houlton as directors, and also the resignation of Donald Miller from his part as a manager for the business.

About URON, Inc.

Headquartered in Omaha, Nebraska, URON, Inc. runs 52 Wyoming Financial Lenders shops in ten states, including Nebraska, Iowa, North Dakota, Southern Dakota, Wyoming, Montana, Kansas, Colorado, Wisconsin and Utah. The organization provides clients with short-term payday loans, typically which range from $100 to $500, as well as ancillary customer economic services and products which can be complementary into the payday-lending business, such as for instance check-cashing services, cash transfers and cash instructions. URON is an bulletin that is over-the-counter company.

Forward-Looking Statements

This news release may include particular statements which are “ forward-looking statements, ” including, among other activities, talks and disclosures regarding the company methods, and future operations regarding the business on a consolidated foundation. Terms such as for instance, although not restricted to, “ may, ” “ likely, ” “ anticipate, ” “ anticipate ” and “ believes ” generally indicate and identify forward-looking statements. Although Uron thinks that the objectives reflected in any statements that are forward-looking generally speaking reasonable, there’s absolutely no assurance that such objectives will fundamentally turn out to be proper or materialize. All stages of Uron ’ s operations are susceptible to a quantity of uncertainties, dangers as well as other impacts, some of which are outside its control, and any one or mix of which may materially and adversely impact the outcomes of the business ’ s operations on a basis that is consolidatedsuch as the operations of Wyoming Financial Lenders, Inc.), and whether any forward-looking statements included herein ultimately show to be accurate.