Additionally, LM Funding has a number of other assets that are also not fully recognized on their balance sheet. For example, at June 30, 2016, the company estimates that its REO portfolio is valued at $7.9 million, while the balance sheet reflects $2.1 million. Additionally, third party actuaries value the company's receivables at $10.5 million, while the balance sheet reflects $1.8 million.About LM Funding AmericaLM Funding America, Inc., together with its subsidiaries, is a specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado and Illinois. The company offers funding to Associations by purchasing a certain portion of the Associations' rights to delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It is also involved in the business of purchasing delinquent accounts on various terms tailored to suit each Association's financial needs, including under its New Neighbor Guaranty™ program. The company was founded in 2008 and is based in Tampa, Florida. The company's common shares and warrants trade on the NASDAQ Capital Market under the symbols "LMFA" and "LMFAW". Forward-Looking StatementsThis press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company's business, financial condition, and results of operations.
Company Contact:Bruce RodgersChairman and CEOLM Funding America, Inc.Tel (813) firstname.lastname@example.org Investor Relations Contact:Michael KoehlerLiolios Group, Inc.Tel (949) 574-3860LMFA@liolios.com