TrustBuddy International (TBDY)

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TrustBuddy is one step closer to a release in the German market

08:55


TrustBuddy International AB
Company Announcement

TrustBuddy is one step closer to a release in the German market

Stockholm, 2011-11-29 08:55 CET (GLOBE NEWSWIRE) -- TrustBuddy is one step
closer to a release in the German market.

Following our release of the third quarter results, we have the pleasure of
announcing another reached target for the company; we have received our P2P
payday loan interest model authorization from our cooperating lawyer and bank
in Germany.

The market in Germany, with its population of more than 80 million people and
Europes largest economy, is one of the most attractive markets in Europe for
TrustBuddy. To put that size into context; the German market is five times
larger than all our current markets put together. Naturally, TrustBuddy has
been working on the German launch since the companys foundation, and the work
is paying off. There are currently no online payday P2P loan companies in
Germany, and for a good reason; the German legislative system is very strict
both in terms of legal conditions and in practical terms, making it almost
impossible to create a viable payday loan solution. Still; that is exactly what
TrustBuddy has managed. To be able to launch the German market it is necessary
to have cooperation with a local bank both for identification and to be able to
offer accounts to everyone that wants to become a TrustBuddy member.

This is a big step in the right direction in our work with launching our
services in the German market. We expect to be able to meet the target of
launching the TrustBuddy service into the German market latest within Q2 2012
as previously stated. This timeframe is still the official target however we
may improve on this timeframe.

We will be reporting news from the launches of the Danish and Finnish markets
in December.

Again; if you have any questions to the above or would like to get in touch
with us in an investment context, please do not hesitate to contact us at
[e-mail], and we will do our best to cater for your
requests.



Jens B. Glasø
CEO, TrustBuddy International AB (Publ.)

[phone], [e-mail]

http://trustbuddyinternational.com/



About Trustbuddy International AB (publ)

Trustbuddy International AB (publ) is one of the first in the world to focus on
arranging loans

and capital provision between buddies in an organised manner. The company is
listed at

NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is Trustbuddy

International AB (publ):s Certified Adviser and Liquidity Provider, contact
number: [phone].
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId480228&messageId586958



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