Business
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Key Management Changes.
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Key Management Changes..
About this update from Flexpower Inc
[{"type":"text","content":"LAS VEGAS, NV, July 9, 2007 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced the resignation of Richard Sciacchetano due to health reasons.\n\nMr. Sciacchetano had been heading up the Company's Forex Trading division. He recently fell ill with a serious heart condition, and required hospitalization for several weeks in Toronto. Richard had returned to his home in Florida to recuperate. Given the serious nature of his illness, he has advised Esprit CEO Garr Winters that he can no longer fulfill his corporate obligations without further endangering his health. Peter Presland will take over the entire management of the Forex division in his stead.\n\nGarr Winters announced; \"Richard has indicated that he is willing to stay on an advisor and a consultant to the company however he will not be involved in the day to day operation of the business. It is an extremely unfortunate set of circumstances. \"We wish Richard the very best and speedy recovery\".\n\nAbout Esprit Financial Group Inc. \n\nEsprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include:\n?\tPayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org . \n?\tForex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders. \n?\tAdvanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions.\nSafe Harbor Statement \nInformation in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statem...