FOUNTAIN ASSET CORP. ANNOUNCES ITS CLIENT COMPANY ADVANTAGEWON INC. SIGNS $5 MILLION CREDIT FACILITY TO SUPPORT NEXT STAGE GROWTH THROUGH 2016August 8, 2016,
Toronto, Canada – Fountain Asset Corp. (FA:TSXV) (“Fountain”) announces that its client company, Advantagewon Inc. (“Advantagewon”) has closed a $5 million credit facility with a Toronto based fund.
Advantagewon’s financing portfolio has experienced monumental growth since inception. In January 2014 the company’s portfolio sat at approximately $38k, and since then has grown at a 560% annual growth rate reaching a $3.3 Million portfolio as of June 2016. Further, the portfolio has grown from $2 Million at the end of 2015 to over $3.3 Million as of June 2016 – a 50% jump in just seven months, a growth pattern that is continuing to be realized as more auto service companies become aware of Advantagewon’s financial services.
“Advantagewon offers financing through dealerships to repair consumer vehicles, the only available repair financing service that can be completed within seconds online without any credit check. Dealers are easily sold on offering the Advantagewon financing to their customers, as it allows them to keep the business they otherwise have to turn away.” said Jason Ewart, CEO of Fountain. He added “We are happy the closing of this $5 million credit facility which will continue to support the growth rate of Advantagewon through 2016 and into 2017.
About Advantagewon Inc.
For further information, please contact the founder, Mark Wilson, at 1-866-964-7192 or visit Advantagewon’s website at www.advantagewon.com .
About Fountain Asset Corp.
Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Fountain Asset Corp.’s website at www.fountainassetcorp.com .
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