Lioninc.com Announces Selection of Preston, Gates & Ellis LLP as Legal Counsel
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO BUSINESS AND REAL ESTATE EDITORS:
Lioninc.com Announces Selection of Preston, Gates & Ellis LLP as Legal Counsel
Attorneys With Extensive Experience in E-Commerce and Intellectual Property
SEATTLE, Nov. 4 /PRNewswire/ -- Lioninc.com, a leading developer of
Internet products and services for the $1+ trillion mortgage industry,
announces the selection Preston, Gates & Ellis LLP as its legal counsel.
Lioninc.com is a wholly-owned subsidiary of LION Inc.
(OTC Bulletin Board: LINC).
Sam Ringer, President and CEO of Lioninc.com, stated that "I am very happy
to report that Lioninc.com has selected Preston, Gates & Ellis LLP as its
legal counsel. The Preston, Gates & Ellis team will provide us with support
as it relates to securities, labor and employment, M & A, technology,
intellectual property as well as counsel on corporate matters. Their
knowledge and experience in all areas of technology will allow us to continue
to rapidly advance technological changes in our industry segment."
About Preston, Gates & Ellis LLP
Preston, Gates & Ellis LLP is an entrepreneurial full-service firm that
has established itself as one of the premier law firms in the country. It has
approximately 350 attorneys practicing in 11 offices on the West Coast, in
Washington, D.C., and in Hong Kong. Their attorneys are on the leading edge of
identifying the impact of technology and its unprecedented challenges to
traditional laws and public policies. Preston, Gates & Ellis LLP assists
companies with business structuring, private placements and venture capital
financing, solving e-commerce issues, product development and worldwide
marketing, protecting ideas and other intellectual property, drafting and
negotiating agreements related to the development, distribution, protection
and licensing of technology, and handling a wide variety of technology-related
litigation, disputes and public policy issues. For information on Preston,
Gates & Ellis LLP visit www.prestongates.com.
About Lioninc.com
Lioninc.com was one of the first American businesses to provide service
over the Internet. It has emerged as the premier provider of cutting-edge
Internet products for the $1+ trillion mortgage industry.
It is using the fastest-growing information channel ever developed-the
Internet-to bring together households, real estate companies, mortgage
brokers, mortgage lenders, and financial institutions so that each group's
home loan needs can be quickly, easily and efficiently met.
Lioninc.com's number one initiative is to design the infrastructure that
makes possible the origination and underwriting of loans -- electronically
-- over the Internet. Lioninc.com is currently developing "automated
underwriting" (AU) technology that enables borrowers, brokers and lenders to
send, receive and approve loan applications over the Internet (through
LionAU.com).
In addition, through its LION-Pro service, Lioninc.com provides
information on 17,000 wholesale loan programs offered by 450 mortgage lenders
throughout the U.S. This mortgage loan database is the largest on the Internet
and is updated daily. Subscribers can use the Internet to make loan searches
on this extensive database in order to find the best loan products for their
customers. Using fast search engines developed by Lioninc.com, these searches
only take moments. More than 5,600 mortgage brokers subscribe to this service
through www.Lioninc.com.
Lioninc.com also provides the mortgage community with web site development
and hosting over the Internet. Lioninc.com is #1 in the nation in the
development and hosting of wholesale lender home pages, #1 in the nation for
the development and hosting of web pages for Broker Associations, and #2 in
the nation in the development and hosting of web pages for mortgage brokers.
Additionally, through LionChoice.com, it helps brokers and lenders develop
strategies to capture business from the Internet. Lioninc.com also created and
maintains two consumer portals, America Mortgage Online (www.amo-mortgage.com)
and Mortgage 101 (www.mortgage101.com) where brokers can advertise their rates
to over 600,000 unique visitors per month and borrowers can go to retrieve
information.
Lioninc.com is headquartered at 2201 Lind Avenue, Renton, WA 98055.
Telephone: 800-546-6463. Fax: 425-902-4141. The LION Choice office is
located at 2828 Speer Blvd., #210, Denver, CO 80211. Telephone: 800-786-
8083. Fax: 303-455-4100. For more information on Lioninc.com, visit the
company web sites at www.lioninc.com and www.lionchoice.com. For more
information on LION, Inc. (formerly Plenum Communications) visit
www.lioncorp.net.
SOURCE Lioninc.com
/CONTACT: Sam Ringer, President/CEO of Lioninc.com, 800-546-6463, orDavid
Charnock, Investor Relations of LION Inc., 888-541-5466/
/Web site: lioncorp.net
Nov-04-1999 13:38 GMT
Symbols:
US;LINC
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