Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Management Team Travel to Russia and China
LAS VEGAS, NV, June - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com disclosed today that a senior management will be leaving for Russia and China later this week.
The Russian leg of the trip will include preliminary meetings to evaluate opportunities for an open loop payment system for that market, as well as other AEFM services. An open loop system provides access by any merchant and customer, without restriction by banking affiliation. The most notable example of an open loop payment system is Paypal?. The Russian market represents virgin territory for this type of service, as well as many other of the AEFM financial service capabilities.
The Chinese leg will see the Company continuing its due diligence process for the previously announced desire for an acquisition in that region. The trip will allow Esprit executives to review local operations. A number of meetings with potential AEFM clients and strategic partners are key highlights within the travel itinerary.
Esprit CEO Garr Winters explained; "As we continue our due diligence process in China, we continue to discover areas of synergy and opportunity. We are quite optimistic that our planned acquisition of the Asia closed loop firm could represent an ideal partner to begin penetrating the Chinese market, which quite obviously represents a market opportunity too large to label with a simple descriptor. We have the opportunity to enter this market with a local partner and a solid network of business contacts. This will be coupled with a first to market advantage for our advanced financial services. All of our initial groundwork indicates that AEFM's EM2 and related services will be in high demand within this enormous market".
The Company will continue to release updates as they become available, subject to the limitations of an extremely hectic schedule.
Esprit Financial Group, Inc. is currently featured at http://www.audiostocks.com. Additionally, a recent CEO interview by Wallst.net. can be reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.
About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include:
PayDay 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 .
Forex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders.
Advanced 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.
Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online.
Safe Harbor Statement
Information 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 statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group Inc.
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