Flexpower Inc. (FLXP)

[billyjimmytimmy]

Most of us have seen this, but for the new and/or "fraidy cats"(I've got a two-year-old)...
Here are a couple of links that anyone in this company should be aware of or reminded of.
The first is Jack Chang's bio.
The second link is what Global had in the works...again, a lot of us have seen all of this and will see it as old news.

My humble opinion is that if you think Esprit bought Global and then won't utilize EVERYTHING that Chang had in the works, or at least only what they wanted to utilize, then you're out of your mind.
NEWBIES, PLEASE READ THIS!

http://www.global-vision.com/Bio.asp
http://www.global-vision.com/PR120406.asp

Jack Chang has worked with Citibank, and NationsBank/Bank of America among others...great connections, I'm sure.

Some of what the links include...

>We now have distributors in the U.S., Europe, Asia, Australia and Africa. Starting in November of this year, we have already taken orders of thousands of cards.

>...This is because Global Vision’s international card products are issued in association with three international banks located in different geographic regions of the world//////you think these relationships/agreements dissapeared?

>Global Vision’s CEO, Jack Chang, said, “There are many competitors in the U.S. Prepaid Debit Card market. However, there is little or no competition internationally. Therefore, our strategy is to focus on the International Prepaid Debit Card market, which is virtually untapped and enormous since more than 5 billion of the 6.4 billion people in the world are “un-banked.”

>Because the cards can be issued to non-U.S. residents with or without credit, several very significant advantages of International Prepaid Debit Cards over U.S. banks’ issued prepaid and normal debit cards emerge:
Wider distribution and uses - The International Debit Card is a great product that can benefit people worldwide. The applications include as a General Purpose Spending Card, a Payroll/ Payout Card, a Travel Card, a Funds Transfer & Remittance Card, a Student Card and a Gift Card.
International Payroll - For companies with international employees and sales affiliates, paying with International Prepaid Debit Card is less costly than paying with checks and cash. Productivity and employee loyalty are further enhanced when employees are not concerned about getting their checks cashed,
Money Transfer - The most efficient & low cost way of remitting money to friends and relatives is Card-to-Card Transfer from one International Debit Card to the card of a second cardholder located anywhere. It is a person-to-person transfer rather than a location-to-location transfer, and it is instantaneous using the phone or through the Web at any time 7 days a week.
We now have distributors in the U.S., Europe, Asia, Australia and Africa. Starting in November of this year, we have already taken orders of thousands of cards. The financial incentives of doing business for our distributors and Global Vision include:
Upfront commissions from the sales of the cards
More importantly, from the cumulative monthly residuals from card account maintenance fees and cardholder usage fees such as ATM withdrawal charges and Point of Sale fees for purchases.”

Whether we like it or not, there is large contingient of illegals in this country and this sounds perfect for them. Whether that's something you want to profit from is a different discussion altogether.