TrustBuddy: To launch Long Term P2P product; offering up to SEK 350,000 over 60 months

STOCKHOLM, Sweden, June 30, 2014 (GLOBE NEWSWIRE) -- As a part of the rapid progress TrustBuddy is currently making, the company is expanding its lending product portfolio to include larger loans and long term products. The first new product will be launched in Q4, a 1 to 60 month loan offering borrowers between SEK 10,000 and SEK 350,000.

This is expected to improve both turnover and profitability, and will bring TrustBuddy into a far broader market segment which increases its market potential dramatically. More information will be released in connection with the forthcoming product launch.

For more information please contact:

Jens Glasoe, CEO, TrustBuddy International AB (publ)

+47 40 40 47 50,

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 Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy International AB (publ)'s Certified Adviser, phone number: +46 8 463 80 00.

Source:TrustBuddy International AB