Flexpower Inc. (FLXP)

[Ebiz247]

I was glad to read that Esprit is now refocusing on the International Market. I thought they took the right approach in scaling back the International work late in 2006 to focus on the Forex deal and to update their programs and payday loan businesses in the U.S. and Canada.

They are definitely focusing on the right international markets - especially for the ATM and pre-paid debit card businesses. I'll post an article about that next.

The acquistion of Global Vision and bringing Jack Chang on board is truly a diamond in the rough. I spent last night reviewing every page on the Global Vision website (Link: http://www.global-vision.com/). I was simply amazed at what Mr. Chang's company was involved with.

Take a look at the Global-Vison pre-paid debit card site (Link: http://www.onedebit.com/).

From the website- U.S. Prepaid Debit Cards

We have Maestro ATM cards plus two full function Prepaid MasterCard Debit Cards branded by both major credit card issuing associations. Some of our Prepaid Debit Cards, issued by U.S. banks, are designed for issuance to U.S. residents and employees of U.S. companies.

International Prepaid Debit Cards

We have several International Debit Cards, designed for different regions of the world, each card carries the Visa or MasterCard logo and hologram.

The significant features of these cards are:
Global - Offered by a non-U.S. bank, the International Debit Card can be issued to residents of most countries in the world.


Everyone Qualifies - Because it is "Prepaid", un-banked and banked consumers of most countries in the world can qualify for the International Debit Card.


Instant Issuance - Because the cardholder's name is optional on the card, the International Debit Card can be instantly issued. For example, an employer can immediately give a new employee a new debit card on location, activate the card and then load the net pay onto the card.


Versatile Worldwide Applications - In addition to provide security of funds and convenience, the card makes an excellent payroll card that can be issued to employees everywhere. It can also be an excellent funds transfer card used by consumers to transfer and remit funds to families in the home country.


Very High Initial and Monthly Recurring Residuals For Distributors - The cards can be sold at the market rate of the particular region of the world to bring immediate upfront revenue. An International Debit Card can also bring $8-10 of Monthly Recurring Residual per card, depending on usages.
The card can be used to withdraw cash at more than 1,500,000 ATM’s worldwide and to purchase products and services at 12 million merchant locations worldwide. Because it is a full function branded debit card, it can also be used for online or telephone bill payment and Internet purchases.