Mr. Dennis Wilson reports

INSPIRA FINANCIAL INC. BEGINS TRADING ON TSX VENTURE EXCHANGE UNDER SYMBOL "LND"

Inspira Financial Inc. started trading on the TSX Venture Exchange on July 14, 2015, under the trading symbol LND. Inspira operates in the fragmented marketplace of small companies in the large and growing market for alternative financial services offered to health care providers and their patients across the United States. Inspira is led by seasoned management with experience in both the U.S. health care industry and health care services asset management. The details of the transaction can be viewed on SEDAR.

Current operations

Inspira's suite of financial services addresses the needs of small health care providers across the United States in a market of nearly $1-trillion (according to CMS data). Inspira offers revolving lines of credit (RLOC) and loans ranging from $250,000 to $12.5-million and is able to generate yields of up to 20 per cent annually. To further enhance growth, Inspira will seek acquisitions of small companies in the growing market for alternative financial services offered to health care providers and their patients. Postacquisition, Inspira plans to enhance operational efficiencies and increase revenues through cross-selling a comprehensive suite of alternative finance solutions.

Financial and business highlights at listing:

• $35-million loan book in approximately nine months of operation;
• $28-million currently drawn from lending facility at a cost of 5-per-cent annual interest to Inspira;
• Operationally profitable and cash flow positive;
• $22.5-million of cash on the balance sheet;
• $24.5-million in potential cash from warrants outstanding;
• Up to a $500-million loan book achievable with no further equity financings, assuming fully diluted capitalization and 80-per-cent leverage;
• Created a proprietary on-line tool for credit line applications, due diligence and loan management;
• Established several origination channels and has received over 250 applications for loans and lines of credit in nine months.

"As a public company, we've significantly strengthened our financial position and enter the market at an opportune time," said David Costine, chief executive officer of Inspira. "Inefficiencies resulting from a fragmented market of small loan providers sets the stage for significant growth. At a 5-to-1 debt-to-equity ratio, we have raised enough equity to build our loan book over $500-million and expect strong returns on this equity."

We seek Safe Harbor.