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.
Mr. 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.
Garr 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".
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.
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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