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Just liked the picture
Can't enlarge that enough, sorry. LOL
You mean Jiangxi, That's I think the Iexpay, sold to GVHL IMO
One of the group
Another picture
Yes, I copy to computer and enlarge to see.
10am in Beijing!!!!!!!!!!!!!!!!!!!!!!!!
Hopefully soon, we will have a Chinese web page!
and German etc.............
My post #55545, states initial could reach 12-15ml in revs.
Sorry, I may have not read yours correctly, I thought you mint we were getting 14ml up front.
If we hit that 14 million for the initial revenue projection, sorry, where is this.
Here's some of the banks EFGO and GVHL are involve with.
China Construction Bank, China Unionpay, the Agricultural Bank of China, Bank of China, China Merchants Bank, Bank of Communications, Bank of China, China Everbright Bank, CITIC Bank, the Shenzhen Development Bank, Guangdong Development Bank
http://www.iexpay.com/news/news3.jsp
Interesting
http://www.iexpay.com/main.do
Check this out, Is this where we're headed?
About Euronet Worldwide
Euronet Worldwide Inc. (NASDAQ: EEFT) is a global leader for processing secure electronic financial transactions. We process millions of payment transactions originating on our global automated teller machine (ATM) and point-of-sale (POS) networks using our proprietary technology platform. Our products facilitate the movement of payments around the world and connect our partners - financial institutions, retailers and mobile operators - with their end-consumers both locally and globally.
Euronet's integrated electronic financial payment and transaction processing solutions include comprehensive ATM and POS operation and management services; credit and debit card outsourcing services; card issuing and merchant acquiring services; software solutions; consumer money transfer and bill payment services; and a preeminent cash collection (POS/merchant) network providing electronic distribution of top-up services for prepaid mobile airtime and other prepaid products. With almost 30 years of combined service, Euronet Worldwide is the only company of its kind in the world that combines integrated software development with fully integrated transactional services across all touchpoints.
Our EMEA, India and China operation centers process 43 million transactions per month for ATM and POS devices in 15 countries. Our clients rely on our transaction experience to outsource their ATM, POS and Card systems to us, or leverage our existing network to expand their ATM reach.
Euronet Worldwide, Inc. (EEFT)
As of Jul 13 16:00 (E.D.T)
Currency: US Dollar
Last 29.28
Open 29.01
High 29.39
Low 28.73
Yesterday Close 29.11
Volume 341.15K
Earnings P/Share 1.01
Shares Outstanding 48.26M
P/E Ratio 28.99
Change 0.17
% Change 0.58%
52 Week High 36.65
52 Week Low 23.34
Bid 0.02
Ask 44.62
Mkt Capitalization 1.41B
Exchange NASDAQ GS
Hey, Does anyone know when they were leaving? China is 13 hours ahead of us.(Well me, Nashville Tn) At 8pm tonite it will be 9am Monday morning. :>}
Clarification earlier today I post 3-6 day for president message, however after rereading it actually might not be till 7-25.
See below
In other company news the company plans to release a 'Presidents Message' addressing progress and status of the various divisions and operations within the next 7-10 business days.
Just speculation only, don’t know C^#$@, Guessing and waiting patiently, but excited!!!
You
.005??? Oh hell no! I want the .01 or .02. That's still cheap.
Me; too low!! I want .05-. 07 by year end.
I think the next few weeks will tell a lot about what Esprit's future will hold.
Me; You said it, exciting times, full speed ahead!!
Does anyone know what part of management will be staying in China through August?
Me; My guess is Robert and Chang
I ask IR what that document was that Garr was signing in one of the China pictures.
Me thinks pilot may already have been sign and test has been going on he he he
GOOD TIMES A COMING!!!!!!!!!!!!
Have a great Day, don't over do it. :>}
June 12th PR revisited....WOW!!!!!
Here we are on the threshold of greatness!!
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Pilot Project Of The Worldwide EFT+ Services in China with a Beijing Based Bank (Press Release)
Las Vegas, NV, Jun 12, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 12 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com the senior management team had the pleasure of touring the offices and meeting the staff in the Beijing office of International Express Payment Corp.( IEXPay), as well as touring the recently announced EFGO office space.
The first meeting with a well known Chinese bank, with over 150 branches primarily in the Beijing area, took place today. The initial meeting went smoothly, and discussions suggested that there will be interest in Cash Now Worldwide EFT+ services on a pilot project basis, or the Check 21 clearing service as it is commonly knows in the industry.
China clears a very large number of USD denominated checks, and the ability to reduce the time required to clear these checks from several weeks to a mere 3-4 business days struck a very strong chord. Initial analyses suggest the revenue potential from this service alone could reach USD $12 - $15 million.
In closing Esprit CEO Garr Winters said in issuing the forward revenue guidance recently released by Esprit we took a very conservative outlook on the revenue stream of our Check 21 product line. Pending the return of the pilot project we may have to restate the forward revenue guidance to reflect the aforementioned revenue possibilities".
Full article;
http://www.pinksheets.com/quote/news.jsp?symbol=EFGO&headline=Esprit+Financial+Group+Inc.+%28Esp...
Stay tune for the ride and enjoy!!!!
Better buy while you can!!!!!!
Will it be too late to jump in?
Will the financial world finally see us???
Excitement is building!!!!!!!!
3-6 Days Presidents Message!!!!!!!!!
31 Day till 2nd Qtr results!!!!!!!!!
Good morning all, Hope everyone has a Great Day!!!!!!!!
Why? this is a much better buy.
20 or more different banks (i have no idea how many branches)
If they want to buy all are lisence software for each application and differrent banks, that will be a lot of money. and the residuals on per tranaction. All these things should jump start us.
800m probobly not but, we shall see. :>}
I'll take 10 cents.
50M times, yeah baby!!
We just need to get a good grip on the tail of this Tiger and hang on tight.
This is GVHL company description from pinks.
Business Description:
IEXPAY CHINA is a wholly owned subsidiary of GVHL. Based in Nanchang China (between Beijing and Hong Kong) IEXPAY is a closed loop payment system that works similar to "Pay Pal" or "iKobo". These are commonly known as "open loop" systems. IEXPAY is a closed loop system (which is the only system currently allowed in China). Currently IEXPAY has 21 banks on its system and hundreds of merchants.
And yes we loan them the money, but it's like the bank loan you money for a car. it's your car, but you owe the bank.
Now I know your thinking GVHL got the (Jiangxi). But what I seeing is all those concections to the banks and government.
All the Bank systems need update and we have the systems to do all of it.
Vols, talk about people staying behind. I take that as we already or the only thing left is to sign and start putting the systems in place. People staying behind...probably to have meeting with all bank and people concern.
And lets not forget about just how many ATMs are going to be needed for the olympics and none of their current systems work very well if at all.
This is an old but timely PR, It is worth reading again. (If all this comes true), we will want for nothing. It includes all major banks in China. And Add the 3 US banks here. Then then throw in Check 21, OMG
Esprit Financial Group, Inc. (Pinksheets: EFGO.Pk) Announces Agreement in Principle with International Express Payment Corp. Serving Over 20 Chinese Banking Institutions
LAS VEGAS, NV, May 17 /PRNewswire-FirstCall/ - Esprit Financial Group, Inc. (PINK SHEETS:EFGO.PK) announced today that it has signed an Agreement in Principle with International Express Payment (Jiangxi) Corp. Esprit is to provide advanced electronic funds management services (EM2) to Jiangxi's current customer base and its network of over 20 Chinese-based banks.
Jiangxi operates a proprietary Chinese based 'closed loop payment system' which works similar to a Paypal(TM) type online payment service. Jiangxi, currently has contractual agreements with 21 Chinese based banks, providing internet-enabled payment systems, on their proprietary closed loop payment system. This current closed loop payment system provides services restricted to member banks and merchants whose customers subscribe to Jiangxi system. Currently, services are limited to electronic funds transfer within this closed loop system.
With this new Agreement, Esprit will greatly expand Jiangxi's service capability from a 'closed loop' to an 'open loop' system that can access a much larger pool of international banks and financial institutions. Esprit's Advanced Electronic Funds Management products, particularly EM2 and prepaid branded credit and debit card products greatly add service capabilities in demand by Jiangxi's customers. With Esprit's international financial services capabilities, clients will enjoy a competitive differential advantage versus other China-based 'closed loop' electronic payment providers.
The agreement covers current clients as well as any additional banks that may come on-stream to the current closed loop payment system. The partial list of member banks includes:
- Bank of China
- Bank of Beijing
- Agricultural Bank of China
- ICBC
- China Merchants Bank
- China Everbright Bank
- Industrial Bank Co., Ltd
- China Construction Bank
The agreement specifies that all revenue derived from this agreement will be split on an equal 50%/50% basis between the two parties. Both parties have agreed that this joint project shall commence immediately on execution of the agreement. Forward looking revenue projections for this service shows possible revenue streams on a conservative outlook basis of about 3 million dollars annually to an optimistic outlook of as much as 10 million dollars annually. The evergreen or recurring revenue stream may have a life cycle for as much as 7 to 15 years. We plan on posting our forward looking projections of this joint project in the Town Hall in the near future.
Jack Chang, head of the AEFM division, has said 'Esprit will deploy our proprietary EM2 money transfer system onto Jiangxi's existing 'closed loop' network providing a tremendous improvement in service capabilities. Existing Jiangxi customers will still enjoy all the benefits associated with the current system, but will now have a greatly expanded number of payment and funds transfer capabilities on a truly international basis.
Esprit CEO Garr Winters notes; 'This is the first of many financial contracts which we anticipate signing as the Company moves forward. This demonstrates proof of concept regarding the capabilities of our new AEFM division headed by Jack Chang. Jiangxi has recognized that our capabilities are right at the leading edge of international funds management, and that there is more to be gained by working with us on a joint venture basis than by trying to build an open international funds network themselves'.
Winters added: 'With the 2008 Olympics quickly approaching we realize that time is of the essence. We see a huge opportunity and are eager to tap into this surge of new users. Our agreement calls for a rapid forward implementation of the open loop payment system. Jiangxi has confirmed to the Esprit management that the member banks will start actively promoting the EM2 open loop payment system to their customers and Jiangxi will work with Esprit to market these new service capabilities to Jiangxi's installed customer base.
About International Express Payment (Jiangxi) Corp.
Jiangxi is the leading online payment platform in China. Owned and operated by International Express Payment Corporation, it utilizes and integrates the world leading online technology and banking facilities. 21 major banks in China have signed payment agreements with Jiangxi. The company is dedicated to providing secure and efficient customer services for online payment transaction and has established operational strategic partnerships with these financial institutions offering online payment services. Jiangxi services currently cover over 2.7 billion domestic and international bank cards.
Finally got an email back! It said, so we're some where bewteen here and the moon. Be patient, unbelievelly things happen
That explains it. LOL
They added frankfurt's symbol GZW.
Edit: beat me to it. LOL
Hope we're involve in fixing this!
ATM Machines in Beijing updated!
If you have a foreign ATM card, you can only use it (if you're in Beijing or Shanghai) at Bank of China ATMs, or at the largest branch of the BoC in whatever town or province you're in.
If you're not in Beijing or Shanghai, you actually can't use ATMs; rather, you have to go to the " Foreign Card Counter" (if it happens to be open) and withdraw the money as a credit card cash advance.
The bank will not actually report this cash advance to your bank for a minimum of three weeks, which makes it easy for you to lose track and overdraw.
Important: Even if you're in Beijing and Shanghai, where the Bank of China ATMs that you use will immediately update your account balance, there are times when the machines will just crap out randomly and not accept your card.
http://www.moveandstay.com/beijing/guide_banks.asp
*******BUY,BUY,BUY******
Ha, you foolish boy! Buy EFGO first, Then you can buy more of the other and afford that divorce too. LOL
Hey Brian, exciting times dead ahead. What day do they leave for China?