NetBrands Corp., a Delaware corporation (the “Company”; OTC: NBND) announces that the Company has engaged with eCommerce Lending to support its new business model that looks to increase the Company’s digital footprint through the acquisition of existing and viable ecommerce assets. As part of this engagement, NetBrands Corp will be using its new associate’s search as well as financing services.
NetBrands Corp f/k/a Global Diversified Marketing Group Inc, operates as a global diversified holdings company through several divisions, with one of its divisions as a global multi-line consumer packaged goods (“CPG”) with seven branded product lines. The Company’s lifestyle brands have received excellent response from its rapidly expanding customer pool.
Earlier this year, NetBrands Corp introduced a new business model with the goal of expanding its digital footprint. Prior to this transition, the organization has already completed a strategic acquisition of an ecommerce asset last year. By engaging eCommerce Lending, NetBrands Corp has certainly taken a huge step forward in its ongoing digital transition.
A leading business acquisition financing firm, eCommerce Lending sources and facilitates the entire process of financing a purchase. Unlike banks and direct lenders, they source financing through its network of lending partners. The company’s unique system and expertise in ecommerce not only saves closing time, but also provides a 98% loan approval rate.
“eCommerce Lending brings an innovative approach to business acquisition financing, and we have no doubt that this approach will help us take the next step in our digital transition. We are in full roll-up mode, and are extremely hopeful that eCommerce Lending’s expertise in ecommerce will pave the way for several new ecommerce acquisitions with positive cash flow,” said Paul Adler, President & CEO of NetBrands Corp.
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