Message #20 From:
Stock News Bot Date: August 14, 2006 06:30:00 AM
LINN News LION Hires National Sales Executive; Industry Veteran to Lead Expansion of National Sales Effort
SEATTLE--(BUSINESS WIRE)--Aug. 14, 2006--LION, Inc. (OTCBB:LINN), a leading provider of online lead generation and advanced business solutions that streamline the mortgage fulfillment process, today announced the hiring of William Oliver as Vice President of National Sales. Mr. Oliver has 20 years of extensive experience in the financial services industry with expertise in all aspects of mortgage lending, including origination, risk management, servicing and sales management. His experience includes small- to medium-sized lending institutions and large Fortune 500 firms such as Fannie Mae, where he earned a number of awards recognizing leadership excellence, and Aurora Loan Services, a Lehman Brothers Company. His responsibilities will include the development of key sales and marketing strategies to more aggressively sell LION's advanced suite of products to a larger and more diverse customer base.
"We are very pleased to have a mortgage professional of Mr. Oliver's caliber lead our initiative to expand our national sales effort," stated Randall D. Miles, Chairman & CEO of LION, Inc. "Our strategy has been to first complete our major product enhancements and then bolster our sales effort to drive product sales in both new and existing markets. Our Precision MTS product line, enhanced by our recent introduction of subprime search and pricing features, along with an improved Mortgage 101 architectural backbone and our other product offerings, represent a compelling suite of products upon which to broaden our sales and marketing strategies. Leveraging Mr. Oliver's network along with his extensive sales and sales management experience will allow us to broaden the appeal of LION's robust offerings to an expanded audience of mortgage originators."
About LION, Inc.
LION, Inc. is a leading provider of advanced business solutions that streamline the mortgage loan fulfillment process in the over $2.5 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 communication tools. LION's business-to-consumer Internet portal, Mortgage101.com, attracts over 1 million unique monthly visitors, delivering access to LION's extensive proprietary network of mortgage brokers, realtors and lenders. Through its subsidiary, Tuttle Risk Management Services LLC, LION provides hands-on mortgage pipeline risk management for financial institutions that originate and then 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 about LION, please visit www.lioninc.com.
