3A Finance PLC
3A Finance PLC : 3A FINANCE GROUP INTRODUCES ITS MICROCREDIT SERVICE FOR SMALL & MIDDLE SIZE ENTERPRISES IN THE MIDDLE EAST & AFRICA
3A Finance PLC / Key word(s): Miscellaneous Corporate Press Release Number 6 PRESS RELEASE 3A FINANCE GROUP INTRODUCES ITS MICROCREDIT SERVICE FOR SMALL & MIDDLE SIZE ENTERPRISES IN THE MIDDLE EAST & AFRICA LONDON / ZURICH, May 5, 2011 – 3A Finance PLC (the ‘Company’ or ‘3A’) is pleased to announce that it is intending to launch the Microcredit service for private companies in the Middle East & Africa. Applicants must be member companies of MEASSM Middle East & Africa Secondary Share Market and their shares must be tradable on MEASSM, this means that the planned Microcredit service will be exclusively for members of the 3A private equity-trading platform MEASSM that are searching for funding possibilities through loans and that are in the level to guarantee for their loans with their own shares. When a member company of MEASSM applies for a loan, the Microcredit system of 3A opens a Loan Pool for online registered lenders to contribute to the payment of that loan by paying micro sums (minimum of 500 Euros) into the loan pool until the entire requested loan sum has been reached and the loan pool has been filled. For all contributed sums, the lenders get shares as collaterals in the member company of the loan applicant. 3A Microcredit system will be launched soon under: http://www.3amicrocredit.com ‘3A Microcredit is an innovative and very promising service for the niche About 3A Finance PLC Contact: Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forwardlooking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company’s control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange End of Corporate News 05.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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