LION, Inc. Appoints New CEO
LION, Inc. Appoints New CEO
John A. McMillan Selected as CEO
SEATTLE, Oct. 14 /PRNewswire/ -- LION, Inc. (OTC Bulletin Board: LINC)
announced today the appointment of John A. McMillan to the position of Chief
Executive Officer. LION, Inc. is the parent company of Lioninc.com, which is
the leading developer of Internet products and services for the mortgage
industry.
Billy Anders, Chairman of the Board of LION, Inc., stated, "Mr. McMillan
has made a significant contribution to LION since he joined our Board in
January of this year. His experience and leadership has been instrumental in
assisting us to meet the challenges that exist in this trillion-dollar
mortgage industry. I am looking forward to Mr. McMillan's further contribution
as he guides us in implementing our corporate objectives."
Mr. McMillan states, "I am very impressed with the many opportunities that
LION has created over the last six months. We have a very strong and
experienced management team and I am looking forward to working with
Allen Ringer, President of LION, Inc., and Sam Ringer, CEO/President of
Lioninc.com."
Mr. McMillan is a Director and member of the Executive Committee of the
Board of Directors of Nordstrom, Inc. the largest full-line fashion specialty
chain store in the world. Mr. McMillan has been associated with Nordstrom for
over 40 years and has served as a member of the Office of Chief Executive
Officer since 1971, shared with Bruce, John and James Nordstrom. Mr. McMillan
is actively involved in community service and advises many foundations and
not-for-profit organizations. He currently sits on the Board of Trustees of
Seattle Pacific University, Crista Ministries, UsedBooks.com and Seattle
Chamber of Commerce, among others.
Mr. McMillan is also active in the Washington State Student Leadership
Council, Washington Family Council, Washington State Governor's Prayer
Breakfast and President's Prayer Breakfast in Washington D.C.
About Lioninc.com
Lioninc.com is using the fastest-growing information channel ever
developed, the Internet, to bring together households, real estate companies,
mortgage brokers, mortgage lenders, and huge financial institutions so that
each group's business needs can be met quickly, easily and efficiently.
Over the last eight years, Lioninc.com has drawn upon its deep
technological and mortgage industry background to emerge as the premier
provider of cutting-edge Internet products for the mortgage industry.
Lioninc.com created Fannie Mae's new Internet technology that allows mortgage
brokers who are sponsored by Fannie Mae-approved lenders to submit loans
electronically directly to Fannie Mae via the Internet (through lioninc.com).
Additionally, Lioninc.com offers Internet products and services to households
seeking home loans, to real estate companies wanting mortgage centers created
on their web sites, to mortgage brokers who want to create electronic linkages
to households and lenders, and for mortgage lenders who want to fully take
advantage of the electronic revolution occurring in the $1+ trillion mortgage
industry.
Lioninc.com's Internet portal, www.lioninc.com, provides the most
extensive mortgage database on the Internet. Lioninc.com's database of
mortgage rate and fee information is updated on a daily basis, and in order to
account for variations around the country, is subdivided into 38 separate
geographic locations. Lioninc.com delivers this information in seconds via the
Internet to subscribing brokers through Lioninc.com's password protected,
subscription-based web site, www.lioninc.com. Lioninc.com provides information
on 11,000+ wholesale lender programs, which represents approximately
11 million loan alternatives for the broker. Mortgage brokers can instantly
find loans that meet the needs of their client by entering information in LION
Loan Search(TM). More than 450 wholesale mortgage lenders and over
5,300 mortgage brokers participate in the service. Lioninc.com is the nation's
leading developer of Internet homepage Web sites for member lenders and
brokers.
Lioninc.com is headquartered at Southgate Office Plaza, Suite 200,
2201 Lind Ave. SW, Renton, WA 98055. Telephone: 888-251-7616.
Fax: 509-325-3587. For more information on Lioninc.com, visit the company's
Web site at www.lioninc.com. For more information on LION, Inc. visit
www.lioncorp.net .
Contacts:
Sam Ringer David Charnock
Lioninc.com LION, Inc.
President/CEO Investor Relations
800-546-6463 888-541-5466
SOURCE LION, Inc.
/CONTACT: Sam Ringer, President/CEO of Lioninc.com, 800-546-6463; orDavid
Charnock, Investor Relations of LION, Inc., 888-541-5466/
/Web site: plenum.net
/Web site: lioninc.com
Oct-14-1999 19:37 GMT
Symbols:
US;PLNM US;LINC
Source PRN PR NewsWire
Categories:
NWR/WA NWI/RLT NWI/MLM NWS/PER |
