IFAN Financial, Inc. (IFAN) Signs LOI to Acquire 385k sf Facility Generating Approximately $4M Annual Rental Revenue

·2 min read

Las Vegas, Nevada--(Newsfile Corp. - January 18, 2022) - IFAN Financial, Inc. (OTC Pink: IFAN) ("IFAN" or the "Company") a Nevada holding corporation actively pursuing acquisitions announced it has executed a Letter of Intent to acquire a 385k sf facility generating approximately $4 million in annual rental income. To that effect, the Company has executed a letter of intent to acquire 100% of the outstanding shares of the acquisition candidate, subject to relevant regulatory approval. The acquisition candidate is a multi-tenant revenue producing facility with a government anchor tenant. Management feels strongly about the growth potential of the candidate. "Most of the due diligence has been completed. We look forward to our first acquisition toward establishing the company's new direction. I have the utmost confidence in the potential of this candidate and the value it will bring to IFAN shareholders and investors. We look forward to disclosing the government anchor tenant after confidentiality agreement term cease and closing which we look forward to within the next 30 days," commented CEO Larry Williams.

About IFAN Financial, Inc. (OTC Pink: IFAN)

A Nevada holding corporation actively pursuing acquisitions. IFAN Financial, Inc. (OTC Pink: IFAN) is an OTC Markets listed issuer and trades under the ticker symbol "IFAN".

For more information about the Company visit:

Our OTC Markets Profile: https://www.otcmarkets.com/stock/IFAN/overview
Our website is: https://ifanvision.com
Our Twitter account is: https://twitter.com/IFAN_Financial

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "approximately," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

SOURCE: IFAN FINANCIAL, Inc. (OTC Pink: IFAN)

IFAN Financial, Inc.
info@ifanvision.com

Contact:
Mark Anderson
386-220-1349

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110630

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