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May 31, 2007

LION

Seattle-based LION, Inc., a provider of online lead generation and solutions for the mortgage loan fulfillment process, is cutting 25 percent of its work force, consolidating its Denver and Seattle operations and looking for other ways to cut spending, occupancy costs and marketing. CEO David Stedman said the cuts will help “secure the company's longevity in the marketplace and begin moving the company toward quarterly profitability and positive cash flows.” The cuts will be phased in over the year.




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