LAS VEGAS, NV, June 29 - Esprit Financial Group . (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today after the markets closed that it has finalized the acquisition of Check 21 China,
Garr Winters, Esprit's CEO, advised; "We are delighted to have completed this transaction with Robert Xu. We think the fit is excellent, and are very excited about continuing to develop the Chinese market in partnership. When you add Jack Chang to the mix, we have an outstanding and accomplished team working in an industry that is just hitting the momentum growth phase in China and other developing markets".
Winters added; "If the heavens are aligned right, and Global Vision completes their acquisition of IEXPay (Jiangxi), Esprit will end up with a significant position in IEXPay's development as well. One only has to look at the recent stock price of Global Vision (GVHL:PK) to see the value being placed on this outstanding business opportunity".
Robert Xu added; "We are also very pleased to have consummated this deal. Esprit brings very valuable business experience to our Company. We think this gives us the bench strength we have needed to manage the rapid growth anticipated. This will allow us to concentrate on business development to take advantage of the huge market opportunity that awaits us in China".
About Esprit Financial Group .
Esprit Financial Group . is a public company engaged in a diversified number of online financial services. These lude:
? 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, luding 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, luding, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, reased 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.
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