Loans4Less.com, Inc. [OTC: LFLS] is a public quoted holding company that owns Union Discount Mortgage, Inc. a licensed CA Real Estate Corporation and Mortgage Broker. Union Discount Mortgage, Inc. controls the rights to certain intellectual property, including but not limited to, the Loans4Less.com web site and the Loans4Less® Federal Service Mark.

Loans4Less.com and Loans4Less® service mark are used to advertise Union Discount Mortagage, Inc. as a Mortgage Broker and not as a Lender.


The following table sets forth information regarding the members of the board of directors and executive officers of Loans4Less.com, Inc.

For more information please visit: http://www.otcmarkets.com/stock/LFLS/quote

Name Position Date Directorship Commenced
Steven M. Hershman Chairman, President June 30, 1999
Daniela Haynie Director, Executive Vice President February 28, 2005
Marc C. Phelps Director, CPA October 1, 2005

The Company's directors have been elected to serve until the next annual meeting of the stockholders and until their respective successors have been elected and qualified or until death, resignation, removal or disqualification. The Company's certificate of incorporation provides for the number of directors to serve on the Board of Directors which may be established, from time to time, by action of the Board of Directors or a majority of the shareholders. Vacancies on the Board are filled by a majority vote of the remaining directors on the Board. The Company's executive officers are appointed by and serve at the discretion of the Board.

Steven M. Hershman is the President, Treasurer, CFO and Chairman of the Board of Loans4Less.com, Inc. He has devoted his efforts to Loans4Less.com a Mortgage Broker. A citizen of the United States and the United Kingdom, Mr. Hershman holds a California Real Estate Broker License. He started his career in 1977 on The London Stock Exchange and become a Member of The London Stock Exchange in 1981. Between 1982 and 1990 he worked for Thomson McKinnon Securities, Inc. and Ladenburg, Thalmann Members of The New York Stock Exchange. In 1990, Mr. Hershman became a mortgage broker and he formed Union Discount Mortgage, Inc. in April 1993.

  Daniela Haynie is a Director of Loans4Less.com, Inc. and is the Underwriting & Processing Manager for Union Discount Mortgage, Inc. She manages the processing of our mortgage broker transactions. From August, 1997 to October, 2001, Ms. Haynie served as a mortgage loan underwriter assisting mortgage loan brokers in processing and closing mortgage transactions for Crestwood Mortgage Company, Torrance, California. Ms. Haynie graduated from the University of Sao Judas Tadeu (Sao Paulo, Brazil) in 1995 and moved to the United States in March, 1996.

  Marc C. Phelps, CPA is a Director of Loans4Less.com, Inc. and advises the Company on tax preparation and accounting. He has been working in the public accounting since 1983 specializing in small business areas of taxation, accounting and business management systems. Mr. Phelps is a Certified Public Accountant licensed to practice in California. In 1999 he received a Bachelor of Science degree in Business Administration (Magna Cum Laude) from CA State University Dominquez Hills.

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