Several feel all current deals being work on will be finished, because it's link to Garr's compensation. I also believe that once these are done it opens the door to a lot more deals, especially if the so call big one happens. I think we may be trying to merge with a financial Institution in China, MY thoughts only, But if, wow that would be awesome. That would make us part of them and much easier to make a deal.

Faculty of Business
Department of Economics and Finance
City University of Hong Kong
Tat Chee Avenue, Kowloon, Hong Kong
Tel: (852) 2788 8810
Fax: (852) 2788 8842
Email: efgo@cityu.edu.hk
Departmental Website: http://www.cityu.edu.hk/ef


http://fbweb.cityu.edu.hk/efweb/event/doc/Sem2004_3Jun2004/program.pdf

Lots of company only file year end audited financials, quarterlies are not. Companies like Walmart,

Fresh email from EFGO, "DISCLAIMER" believe it or not, don't care

Date:Wednesday, November 07, 2007 4:23:24 PM
[View Source]

Hi

I'm covering for Irwin while hes in Asia this week

See ////////////////////////// for a reply

On Nov 7, 2007 3:02 PM, <reed198> wrote:
>
> Any idea what the holdup is on the contracts? ///////////////////////////////
no hold up just due process. All sytems are GO!


Goverment, client, lawyers? ///////////////////////////// Government
is on side, client is on side , lawyers mauling over the fine print



>
> It's been a couple weeks since the contracts were to be signed.
////////////////////////// said who? Until we get all the ducks in order we wont
Pr a half baked deal. Just be patent! It is happening!

What kind of
> contracts are they? ATM, Check21, Payday loans, EM2, Shells?
//////////////////////// I cant tell you that! Nice try though
>
> Garr said by years end, I know it's not years end, but the track record for
> delivering on time and the famous " under promise over deliver" Has never
> happen. ///////////////////////// That is a matter of opinion. Mr Winters is a top notch CEO and we feel privilidged to be wortking with such talent.



Contracts have been talked about since March or before with comments
> like, sooner than later. It's all on Town Hall. Like the Japanese one that
> was on T/H, lead us to believe it was for sure
thing.///////////////////////////////// We have 3Qs in the black! To us that is
the #1 goal. Now we are working on assisting our shareholders goals.



>
> I'm in for the long haul, but I still have over XXX invested here and would
> like to be leveled with on the questions I have ask and any other thing
> that might help me understand what is happening.
//////////////////////////////////////// All the news is in the Town Hall plus
Prs plus this latest project. I cant give you more then that. I can say we are
on track with our objectives

////////////////////////////////// Irwin will be back next week and he
will keep everyone posted. Im just covering for him and replying as a
matter of courtesy

Regards Michael



--
Corporate Affairs
Esprit Financial Group Inc
Investor Relations Tel: 1 416-619-0397
Fax Number North America Toll Free
1- (866) 687-5865
www.cashnow.com
www.espritfinancialgroup.com

Question, If pinks shows the O/S at 288,878, how can the 10 day avg. daily vol. run 50ml?

Either pinks needs up dated or they are grossly shorted. If the second is true, this thing should fly!!! Hmmmmmmmm....

TOWN HALL 11.06.07 Management Comments and Analysis Third Quarter Results Ending Sept 30th, 2007Posted in Management Reports at 12:07 am by adol77dai51

Sales: The Company continues to make progress, with this 3rd quarter in a row in the black. Gross income held stable, although the mix has changed significantly. The Company is beginning to see meaningful income from its new IFGX division. Two Blank Check companies were sold during the last quarter, generating a total of approximately $340,000 in revenue in the quarter, between consulting fees earned, and gross proceeds from the sale of these companies. The Company anticipates that the number of IFGX deals will increase significantly in the upcoming year. On this basis, management anticipates that accounting recognition of these sales will be modified to reflect the ongoing nature of these activities, rather than showing them as extraordinary items, as in the current quarter. Licensing software sales were soft. This is primarily due to the fact that the Company’s next generation software is in beta testing, and has not been officially released. There is also some impact from the recent legislative changes in

Australia, and

Canada plus certain

USA

States which provide additional restrictions on the micro loan market. Management anticipates the launch of the new software in the upcoming quarter, and more aggressive marketing and advertising will once again support this division after the launch. While the regulatory environments may continue to be challenging, the Company is optimistic that it can begin to achieve significant revenue growth in this division. The Forex division is not yet contributing significant revenue for the Company. Management made the decision to de-prioritize this division in the last quarter, in order to concentrate on the very significant opportunities in

China. We anticipate our Forex division to come on full steam in the late part of the 1st quarter or early part of the 2nd quarter of 2008. The Company will not be continuing forward with its relationship with Advanced Markets, due to a number of factors. The division has been conducting due diligence and testing of alternative trading platforms and a variety of value-added software applications that will be offered when the division re-launches services. Expenses: The cost of sales has increased substantially since last quarter. This reflects the Company’s investment in its diversification program. Additionally significant increases in salaries, wages and benefits, as well as legal and accounting reflect the increased level of activity as the Company continues to ramp up operations related to its new divisions.Extraordinary Items: The IFGX division achieved the sales of two ‘blank check’ companies in the quarter. These were North American deals that had been in development for many months prior to the Companies entrée into

China. These deals provide meaningful credentials for the Company as it develops a number of reverse merger opportunities from the growing number of Chinese companies with which the Company is currently in discussions. Note: These blank check companies were not previously listed or traded, and did not have ticker symbols, and thus do not command the higher valuations typical of a reverse merger with a listed company. The Company also sold its investment in Global Vision holds, for an extraordinary gain of $156,000. This was a difficult decision for the Company, as we continue to be very optimistic about Global Vision’s prospects in

China. Ultimately, it was decided that there is little currently liquidity for the stock, and that the revenue obtained from the sale will be better employed in the short-term within the IFGX division’s activities in

China. Importantly, the Company retains the stock warrants issued with the original $250,000 in debentures to purchase up to $100,000 in stock per annum beginning Dec. 31,2009, until the debenture is completely paid off. Our Current Position Moving Forward: The Company is very healthy and extremely well positioned for growth. With $800,000 in current assets, and nominal short term liabilities, the Company can continue to develop its portfolio of financial services. We will continue to put primary emphasis on our

China projects. Senior management had expected to return from the most recent trip to

China with a signed deal. Although we did not meet this objective, we continue to be very optimistic that we will start to close some deals this upcoming quarter. We have established tremendous goodwill, and our business model has generated significant interest from a growing number of Chinese companies looking to access public market. The due diligence processes will take longer than originally forecast. However, the number of IFGX related business opportunities continues to grow. We will be releasing updates on IFGX in the coming weeks. Unfortunately, there is little disclosure that can be made until these deals are completed, signed and consummated. We trust that our shareholders will hang in a little loner until more disclosures can be made public. Check 21 has been successfully tested, and we will be releasing more information regarding the rollout of these services to the Chinese banks originally requesting this service capability from Esprit. We also intend to get the Forex division back into gear. We hope to get the Forex division revitalized and restructured by the end of the fourth quarter.

The re launch of the next generation micro-loan software will also have a positive impact on top line revenue.

Longs are letting shorts borrow shares to cover. Even if this is true, won't the shorts have to cover some time? So if not now, they would have to cover when the PPs start going up, thus causing the same effect. I think, not sure, have no idea...

I really don't thing there is a big short anyway.

Single shareholders with as little as 5-10% ownership can push for their own seats on the board, or enact changes at shareholder meetings by publicly lobbying for them.


http://www.investopedia.com/terms/c/controllinginterest.asp

I thought it was 5% or more....Checking

Me too! or... uh... I think I know...LOL

Sprint Project Manager, Field or logistics?

Did you notice on the latest filing the share holder purchased approx. 392 ml shares in Sept.? All at .0001,

Hmmmm........Maybe he knows something we don't knoow

Looks like the majority was bought in Sept. The so called friendlies was way before that.

Jiangxi's H1 Economy Continues to Boom

July 16, Jiangxi Daily – Jiangxi's economy in the first half of this year continues to boom, according to the economy analysis meeting held by the province government July 14, 2007.


In the first half of this year, the province's GDP reached 223.5 billion yuan, up 12.8% year on year; total government revenue was 33.941 billion yuan, up 29%; urban per capita disposable income grew by 19.3% to 5,823.6 yuan; and rural per capita net income rose by 14.5% to 1,744.36 yuan.


Economic efficiency of the industrial sector improved significantly. The value added of industries and the total profits made by industrial enterprises above designated size stood at 75.21 billion and 9.49 billion yuan, up 24.1% and 86.2% respectively.


Foreign trade expanded. Export volume was US$ 2.348 billion, 52.6% more than the same period of last year; actual utilization of foreign capital rose 24.2% to US$ 1.78 billion.


Private enterprises in the province reached 93,200 with 143.16 billion yuan of registered capital, up 19.9% and 25.7% respectively. The value added of industries made by private enterprises reached 45.97 billion yuan, up 39.2%.


Fixed investment grew by 29.8% to 103.736 billion yuan; the total retail sales of consumer goods reached 79.11 billion yuan, up 16.7%.


The growth of three industries was coordinated. Primary industry, secondary industry and tertiary industry rose 4.9%, 17.7% and 9.3% respectively. The ratio of three industries was 12.7: 52.0: 35.3.

GRG Banking, China’s largest ATM manufacturer, is working with banks to supply a larger number of ATMs — the company produces about 10,000 machines a year, said Amy Zhang of GRG Banking’s marketing department.

http://www.atmmarketplace.com/storefronts.php?sf_id=60

Vols, thanks for sharing. On T/H they stated next week ( which now is last week) they were going to finalize some contracts. They also stated by the end of the month and also with in a month (30 days) deals would be finalize. They either have a lot of deals in the works or they just are not sure or how long it will take to finalize. I wish they would set time tables up. Some times things come up. Now says upon Garr's return we will be updated.

Or they have a lot of deals pending on ..."well if he goes with you (EFGO) I'll go with you to. Like Check21, 20 banks.

Speaking of banks, if they get one to go public and likes the return, 19 more wouldn't be bad. Think 20 banks, we own maybe 5% in each. $$$$$$$$$$$$$

That info is also listed on T/H,

10.25.07Statements made on Town Hall 10-16-07Posted in Investor Relations at 11:04 pm by EricTheRed

QUESTION: Both of these statements were made in Town Hall last week. Are we still on course? Tomorrow is the last day for the first statement

1.Robert Xu and Garr Winters have scheduled a number of meetings in Jiangxi Province next week, to complete negotiations and finalize a number of contracts.

2. I hope to finalize one or more of these deals in China later this month.RESPONSE:

From the quick reports we have received from China, we are on track as indicated. They have a pretty exhausting schedule, and with only a very short time frame to talk at the beginning and end of the day (as they are 12 hours ahead), we do not have detailed information to share at this time. We will provide more information when we have had a chance to be properly debriefed upon Garr’s return.

10.26.07Check 21 UpdatePosted in Announcements, Investor Relations at 1:19 pm by adol77dai51

Esprit is pleased to announce that testing of its ability to clear U.S. denominated checks within China using Esprit’s Check 21 hardare/software solutions was completed earlier this week. These tests were a complete success. The Company is now in a position to begin rolling out the service to our Chinese clients.

A full debriefing and plan of action on all of the projects underway in China will be conducted upon Mr. Winters returns. The Company will then release additional news at that time.


http://cashnow.com/espritfinancialgroup/

Nov.30th.....05:11PM

Yes it was fixed, but no one notice it! I did, just wanted to see if anyone else did. Change yesterday! :>}

Did you read my post #71589, still waiting for an answer.

Well it's almost 10am friday morning in China. Let's see Garr, today needs to wrap-up.....complete negotiations and finalize a number of contracts. as stated on T/H

IT says sooner at the bottom, no really!

05.25.07Japanese DealPosted in Announcements at 7:04 pm by Andrew Edwards

QUESTION:

Can you give any update On the Japanese investors?

ANSWER:

Talks are continuing forward on a positive note. It is premature to speculate when the agreements will be signed, as negotiations have a life of their own. However, we are looking at the short term, raher than the long. We will announce it as soons as the deal is done.


FOLLOW UP QUESTION:

hello, In your answer you say that you are looking at the short term and not the long term. Didnt you mean the other way around? And I want to thank you guys for keeping us up to date on all that you are doing.Keep up the good work.

RESPONSE:

Actually no, we do mean the short term. We believe the deal will close sooner rather than later.

OH stop, your getting me all teary eyed. It's funny you'ld bring up japan. that's one of my question in T/H that has never been answer from mo.s ago.

Hey universaltrader, read post 71554, that leaves tomorrow and next week, we shall see.

Yes, that's my point, ask the same question, get the same answer. They're not back from China yet, but they just keep posting. ie; otcbb, r/s, r/m, garr leaving, yes, that cover 80 percent of posting on T/H

I'm not sure what you are trying to say, you're pasting and coping facts from did places, that everyone here has been. If you need to know more go back and start reading post in May forward. This the best DD board you'll come across. GLTA






























i

They do this alot of times when there has been more than one ask the same question.

Posted 04.30.07 to Town Hall, we are aware there is a Town Hall, with a wealth of info. Some of what is there are business directions that for some reason or another just didn't work out.

Other are taking much long than anticipated. Hopefully this latest trip to China will pay off. By reading T/H, although it doesn't say anything’s been signed, it does say we are on track!

10.25.07Statements made on Town Hall 10-16-07Posted in Investor Relations at 11:04 pm by EricTheRed

QUESTION: Both of these statements were made in Town Hall last week. Are we still on course? Tomorrow is the last day for the first statement. 1. Robert Xu and Garr Winters have scheduled a number of meetings in Jiangxi Province next week, to complete negotiations and finalize a number of contracts.

2. I hope to finalize one or more of these deals in China later this month.RESPONSE:

From the quick reports we have received from China, we are on track as indicated. They have a pretty exhausting schedule, and with only a very short time frame to talk at the beginning and end of the day (as they are 12 hours ahead), we do not have detailed information to share at this time.We will provide more information when we have had a chance to be properly debriefed upon Garr’s return.

Listed on town hall 10-9-07, everything you have posted, has already been posted and maul-over. Is there something the board can help you with?

10.25.07Timing of New RevenuePosted in Investor Relations at 10:51 pm by adol77dai51

QUESTION:

When will the revenue from all of these “projects” start rolling in. garr said back in march or so in 6-9 months

RESPONSE:

The time frame he quoted works out to be the fourth quarter of this year. While there has been some delays (due in part to Jack Chang), essentially we are pretty much on track. We hope to see revenue from a number of projects come on stream in the fourth quarter of this year.

Permalink Comments

Replacement for Garr Winters as CEOPosted in Investor Relations at 10:46 pm by adol77dai51

QUESTION:

Garr is leaving at the end of the year (from the ceo capacity) and may remain as a consultant. Who will be the replacement? There is little time left to find one.

RESPONSE:

We will be making annoouncements on this matter closer to the end of the year. We are still in the process of making the final selection, and are confident that Mr. Winters’ successor will be a very capable CEO. Mr. Winters has, in fact, agreed to continue on in a consulting capacity, as previously announced in the last Town Hall address. We are not sure why you would suggest otherwise.

10.25.07Share BuybackPosted in Investor Relations at 8:39 pm by adol77dai51

QUESTION:

Does the Company plan a share buyback? Given the number of shares outstanding, many investors feel the Esprit needs one in order to get the stock up to the levels where it should be.

RESPONSE:

Our priorities have not changed. One of our key objectives is to increase the market cap of the Company, which will benefit all shareholders. We are investing time and funding to projects that will build top-line revenue, improve profits and generate positive cash flow for the Company.If Esprit uses Company funds to buyback shares, we are essentially liquidating a portion of the Company. The fundamental challenge of most Pink Sheet companies is the lack of capital to execute their business plan. Why would we want to put our shareholders in a position where the Company cannot operate without raising additional funds? Our financial statements do not have the normal disclaimer of most Pink Sheet companies that the Company cannot be considered a ‘going concern’ without raising additional funds.

The Company is moving forward to grow top line revenue. The simple laws of economics dictate that once we increase the value of the Company, the share price will naturally improve. If we are to execute a share buyback, the Company’s intention is to use new cash flow from operations to fund it. That decision will be made based on an analysis of the opportunity cost of investing funds in a buyback versus other options available at the time.

There are a number of key decisions that will be made in the coming few months, including whether to uplist to the OTCBB. As we have noted, we will be evaluating these options once we have a good read on the business developments in China.

In the short-term, there will be critics second-guessing management decisions and capabilities. We feel confident that Esprit shareholders will ultimately see the value in having us ‘hold the course’.

I agree with you Stratey, they spent alot of money to keep the web site up and all the PRs. And trying to answer our question. At this point outside of raising the A/S, they can't hurt us. But yet they continue to keep us informed. Unfortunely for them if they had never told us about the delegation, they would not of had the grief of the fall-out of question at followed.

Thanks for sharing....

IR # 416 619 0397 Office line

They had said last week hopefully a couple contracts signed this week. I'm hoping too, but the bating avg. has not been good on their time table. I think there is a huge differrents in dealing in US and dealing in other countries. I think other countries right now are very cautious about jumping in with US company because of all the politics.

Has anyone heard anything on the 3rd Quarter P&Ls? Good , Bad, Ugly? Anyone?

I just email this question in.

Can you tell us if the 3rd Quarter P&L will be Nov. 15 or before and Are we doing as well or better than the first two Quarters?

Check 21 UpdatePosted in Announcements at 5:26 pm by adol77dai51

Robert Xu is pleased to announce that the first stage of testing the Check 21 system was successfully completed yesterday.They are now conducting the final tests in advance of giving the project a ‘green light’ to start commercial services. Mr. Winters and Mr. Xu are continuing talks with the roughly 20 banks previously identified, and will provide more details on the working relationships once the testing is completed and service fees are finalized.


http://cashnow.com/espritfinancialgroup/

I think that is a hugh fireplace mantel, But you could be right about the Chinese/Asian restaurant, because it is Asian in design.

You know, that web site format sure looks familiar.