CMEY news: cMoney, Inc. (PINKSHEETS: CMEY) is a Houston-based company that is at the forefront of global mobile phone-based payments and money transfers, while using the POS and ATM payment systems. The cMoney solution utilizes secure patent pending technology for mobile phone users, retailers, and financial institutions, and continues to innovate and strengthen the cMoney brand globally. cMoney has upgraded its status to OTC Pink Current Information status. The company is aggressively seeking partnerships and working toward its product launch to increase shareholder value through revenue generation.
cMoney has prepared these unaudited financial statements through June 30th, 2011, which are now recorded on the OTC Markets, which was a key component of cMoney becoming a Current OTC Pink company under the OTC Markets alternative reporting standard.
cMoney can now take the next step in preparing these financial statements for full audit review by the previously announced auditors, PKF of Texas.
cMoney has filed all documents required by the Nevada Secretary Of State, to ensure that cMoney remains in good standing at the State level.
cMoney will now concentrate on completing its acquisition of its core application, which will allow for the development and deployment of the full cMoney solution.
Paul Matthews, cMoney CEO, states, "I feel very confident that our administration and compliance plans are now fully updated, so that we can concentrate on our negotiations to enhance cMoney cash flow, revenue generation, and future profits. cMoney will continue to 'MOVE MONEY AT THE SPEED OF NOW.'"
About cMoney, Inc. cMoney, Inc., a Houston-based technology company that provides innovative secure mobile payment solutions for mobile phone users, retailers and financial institutions, has developed an innovative way to send money and pay for goods and services using a mobile phone and the text messaging system protected by patents. Scheduled to debut in 2011, the pioneering technology will create a "virtual wallet" that will eliminate exposure to identity and credit card theft for users. It can be used anywhere that cash, checks, ATM's or credit cards are accepted. For more information, visit www.cmoney.com or contact contactus@cmoney.com
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of cMoney, Inc. ("the Company") to effectively compete; the timing and effectiveness of the planned launch of the new cMoney solution; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; and changes in and a dependence on key personnel. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Contact:
cMoney, Inc.
Paul Matthews
CEO
713-589-5393 ext. 105
contactus@cmoney.com
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