PHOENIX, AZ, March 19, 2018 (GLOBE NEWSWIRE) -- No Borders, Inc. (the “Company”), announces that it has completed a reverse merger (the "Transaction") under which Lannister Holdings, Inc. became a wholly owned subsidiary of No Borders, Inc. (OTC-NBDR). The Transaction closed on March 8, 2018. The Company's common shares trade on the OTC Markets under the ticker symbol NBDR.
“We are excited and humbled to take the next steps of our journey as a publicly traded company. This endeavor is the culmination of years of work and as the beginning steps of our future together we are thrilled to have stakeholders supporting our mission to disrupt the real estate finance space with cutting edge blockchain technology. Our team brings a unique blend of world class technology, real estate investing, merger/acquisition, digital strategy and strategic corporate development experience together on this adventure and I want to personally thank every member of the Lannister Team for the incredible dedication, long nights and missed time with family that it took to get us here today. #thankyou We have a lot of work ahead of us and one of the first things to look for is for the company to be current with financial reporting to the OTC in the next 30 days and we will strive to keep both our shareholders and the public educated and informed of our progress as we achieve milestones and grow this company.” Joseph Snyder, President & CEO
About Lannister Holdings, Inc.
The goal is to build Lannister Holdings, Inc. into a financial services platform that will revolutionize the way business is transacted and secured in the real estate financial markets which can be utilized by existing financial entities to originate their loans and provide a more secure, transparent loan system for the public. It will become a platform for connecting experienced real estate investors with competitive loan structures while connecting existing real estate lenders and investors with tools and technologies to transact lending via blockchain smart contracts.
Lannister Holdings, Inc. seeks to establish a strong physical presence in the state of Arizona via a pro-community approach. It will begin by partnering with local Arizona lending companies, state and local officials, universities and vocational schools in Arizona, and other blockchain-based companies.
Lannister Holdings, Inc.’s goal is regenerate scaled revenues and strong company value growth by developing, owning and delivering proprietary technology to the financial sector, providing access to high return loans to the real estate investor sector as well as providing blockchain development and strategy services to outside partners and clients. It intends to use the functionality of blockchain technology to facilitate mortgage loans in a more digital and secure environment for real estate investors, tenants, property managers and real estate note purchasers. This can allow for technological superiority in the real estate lending world, as well as burnishing the public perceptions of blockchain security and trust in smart contract lending. Lannister Holdings will soon replace the exhausting step-by-step paper and pen approach lending professionals have floundered within for years with its lending platform that will be the next evolution in lending technology.
Lannister Holdings, Inc. realizes it carries the potential to impact the process of real estate lending considerably in the foreseeable future, disrupting the existing $2.3 Trillion Dollar US Commercial Real Estate lending markets. Because of this potential a major focus of the code development, testing and real world deployment of Lannister Blockchain® technologies will be to gain Intellectual Property protections and filings to maximize the long term value of the company on behalf of all of our Stakeholders.
Lannister Holdings, Inc. will work to enable real estate investors to apply for and receive loans and facilitate security and transparency within the lending process. Lending can become decentralized with blockchain technology, which greatly reduces the risk of hackers attempting to acquire confidential information from a localized source. These technologies can impact and disrupt multiple verticals inside the financial sector all on a platform owned by and with technologies that will be Proprietary to Lannister Holdings, Inc. Lannister Holdings, Inc. is prepared to put in the work and effort that is needed to transform that possibility into a radical new way of doing business in the finance industry.
Forward-Looking Statement
This press release may include forward-looking information based on current expectations. Actual results may differ from those projected. The reader is cautioned not to place undue dependence on any forward-looking information. Except as required by law, the Company renounces any intention and accepts no obligation to update any forward-looking statements, be it a result of new information, future events or otherwise. Furthermore, the Company assumes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.