Message #14 From:
Stock News Bot Date: October 20, 2005 02:30:00 AM
LINN News LION Subsidiary Tuttle Risk Management Services Signs Four New Customers
SEATTLE--(BUSINESS WIRE)--Oct. 20, 2005--LION, Inc. (OTCBB:LINN), a leading provider of online lead generation and advanced business solutions that streamline the mortgage fulfillment process, today announced that its wholly owned subsidiary, Tuttle Risk Management Services LLC ("Tuttle"), has recently signed contracts with four new mortgage lender customers, bringing to fourteen the number of new customers it has added this year.
"I am very pleased by our strong sales pipeline and that we continue to expand our Capital Markets customer base in support of our overall growth objectives," stated Randall D. Miles, Chairman & CEO of LION, Inc. "To accelerate our growth rate and meet market demand, we have recently expanded our sales team by adding an experienced industry account executive and will continue to invest in our sales and account management infrastructure to leverage the success and momentum we are experiencing. Our customers appreciate the value of our focused, hands-on approach to meeting their needs."
Tuttle Risk Management Services LLC, a subsidiary of LION, Inc., provides hands-on mortgage pipeline risk management for financial institutions that originate and then sell loans into the secondary market.
LION, Inc. is a leading online mortgage lead generator that also provides advanced business solutions that streamline the mortgage loan fulfillment process in the over $2 trillion mortgage industry. From Leads to Loans to Capital Markets, LION offers consistent, seamless business solutions to consumers, brokers, realtors, originators, and lenders. LION provides an integrated technology platform offering online loan productivity, mortgage pipeline hedging and risk management, software development, and data communications tools. Through its subsidiary, Tuttle Risk Management Services LLC, LION provides hands on mortgage pipeline risk management for financial institutions that originate and sell loans into the secondary market. LION has offices in Washington, California, and Colorado, and has been named by Deloitte & Touche LLP as one of the 50 fastest growing technology companies in the state of Washington for 2004 and 2005. For more information, please visit www.lioninc.com.
