Loans4Less.com, Inc. Reports Financial Results for the Third Quarter of 2012

REDONDO BEACH, CA--(Marketwire - Nov 8, 2012) - Loans4Less.com, Inc. (OTC: LFLS) is pleased to announce certain financial results for the third quarter ended September 30, 2012. The quarterly report was filed and is available at the OTC Markets website.

Total revenues for the third quarter of 2012 increased by approximately 56% compared to the third quarter of 2011. Third quarter net income was 437% greater compared to the same period a year earlier. The significant improvement is due to greater awareness of Loans4Less.com's online services as well as exceptionally low mortgage rates.

At September 30, 2012, the Company had cash and liquid investments of $72.5K, which is approximately 806% greater compared to September 30, 2011. Total liabilities were reduced from approximately $206.6K to $79.4K, a decrease of approximately 61%.

"The mortgage origination market is expected to remain very active for the remainder of this year even though lender underwriting standards are enabling only best credit quality borrowers to close on their loans. The current mortgage market mainly consists of Fannie Mae/Freddie Mac Conforming fixed rate loans for refinancings," stated Steven M. Hershman, Chairman & President.

"Purchase and refinancing activity continues to rise with mortgage rates at record lows," continued Mr. Hershman. "We anticipate highly favorable market conditions to serve as a catalyst for ongoing significant improvement as we continue to drive business growth and plan initiatives for future expansion. The Company is interviewing CPA firms with the view of attaining audited financial statements in Q1 2013 in order to position ourselves to be placed in a Recognized Manual and be able to raise capital at favorable terms for growth initiatives."

About Loans4Less.com

Loans4Less.com, Inc. (www.loans4less.com) is a publicly traded online mortgage loan brokerage focused on becoming a national loan origination platform for standard "A" paper conforming residential mortgage programs. Loans4Less.com maintains an A+ TrustLink rating with the Better Business Bureau; provides very competitive rates, terms & costs, daily rate updates, and other market information; and prides itself on excellent and honest service. Loans4Less.com does not operate a warehouse line of credit, hold trust funds, lend directly or service loans and is not exposed to the risks and/or problems associated with Sub-Prime or Alt "A" lending. Loans4Less.com relies on various wholesale lenders for its retail home loan programs. The main focus is to rapidly grow gross revenues via smart and cost effective advertising, licensing and or third party agreements that effectively build the Loans4Less brand name in order to maximize shareholder values.

For more information please contact Chairman & President Steven M. Hershman at www.loans4less.com or (310) 540-0157 Ext 103.

Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in our annual report and/or other releases made by us. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Loans4Less.com, Inc. undertakes no obligation to update such statements.