Inspira Financial Releases Financial Statements for Quarter Ending August 31, 2018; Continues to Focus on Transactions

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BOCA RATON, Fla., Oct. 31, 2018 (GLOBE NEWSWIRE) -- Inspira Financial Inc. ("Inspira" or the "Company") (TSXV:LND), today posted its unaudited financial statements for the quarter ending August 31, 2018.

"We had a good quarter streamlining our billing business in advance of a potential sale," said Chairman, Dr. Jaime Gerber. "We continue to focus on turning our loan book to cash and completing transactions with our cash on hand."

The Company's financial statements for the three months ending August 31, 2018 and 2017, accompanying Management's Discussion & Analysis (MD&A), have been filed on SEDAR and are available at www.sedar.com.

While the Company continues to consider its alternatives, and negotiate with potential purchasers of the billing company, there can be no assurance that one or more viable transactions will result or successfully conclude in a timely manner, or at all. Additional information will be released by the Company as it occurs. There can be no assurances that a transaction will be undertaken or what the terms or timing of such transaction, including an acquisition for the billing or loan divisions, will be acceptable to the Company or its shareholders.

Forward-Looking Statements

Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, including: the Company completing one or more transactions, including the sale of its billing company; the success and timing of collecting defaulting loans, including the Company collecting additional principal, interest and fees for loans that have been provisioned; and the Company completing a transaction with either of its two divisions, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. These factors include, without limitation: identification of partners to complete a transaction; successfully negotiating a definitive agreement with a party to a transaction; the conditions to a transaction being satisfied or waived; applicable board, shareholder, stock exchange, court and regulatory approval of any proposed transaction; changes in law; competition; the ability to implement business strategies and pursue business opportunities; state of the capital markets; the availability of funds and resources to pursue operations; dependence on debt markets and interest rates; demand for the lending products the Company offers at interest rates higher than at which the Company can borrow; a novel business model; granting of permits and licenses in a highly regulated business; difficulty integrating newly acquired businesses (including the billing company); new technologies; risk of billing irregularities by borrowers; low profit market segments; general economic, market and business conditions; as well as those risk factors discussed or referred to in the Company's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inspira Financial Inc.
David Forstadt
CEO/Director
1 (844) 877-7562
[email protected]
www.inspirafin.com