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EFGO -- Esprit Financial Group, Inc.
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Esprit Financial Group Inc. (Esprit) (EFGO.PK) Appoints New Director and Plans to Achieve Broker-Dealer Status in Forex Trading Division (Press Release)

Las Vegas, NV, Jun 6, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 6, 2007 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that it will be pursuing status as a broker-dealer for its Forex trading division and, in a related move, has appointed Peter Presland as a director of the Company.

Peter Presland is currently responsible for Forex operations based in the Company's Florida office. With significant Forex trading experience, he is in the process of obtaining a Series 3 license for commodities and futures contracts. The Series 3 exam is specific to the futures and commodities market. It is administered through the NASD testing network, but it is a NFA (National Futures Association) license.

Once completed, Esprit will be qualified as a broker- dealer for Forex trading, which will provide the additional vertical integration that has been a stated objective of the Company.

As previously announced, Esprit has set the objective of acquiring broker-dealer status either through acquisition of an existing broker-dealer or other opportunities. As a licensed series 3 broker-dealer, the Company will have additional revenue opportunities currently not available to it as an Introducing Broker.

The Company has also applied for membership in the NFA. The National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. futures industry. They act to develop rules, programs and services that safeguard market integrity, protect investors and help ensure Members meet their regulatory responsibilities.

Richard Sciacchetano, head of Esprit's Forex Trading division comments; "This is an exciting development for our Forex trading capabilities. Our shareholders are familiar with our objective of achieving broker-dealer status. Simply put, this opens up additional revenue opportunities for us. Importantly, this is much less capital-intensive than acquiring an existing broker-dealer, and significantly less complex. It also provides assurance of continuity of operations, given that culture clash and continuity of management is always a consideration in traditional acquisitions and mergers".

Esprit CEO Garr Winters added; "In keeping with our philosophy of finding creative approaches to generate additional value for our shareholders, we will accomplish our objectives in a simple, straightforward manner. We have great faith in Peter, and are glad to welcome him to our Board".

Peter Presland has a long and proven track record in developing companies from start-up to financial success. He has over 35 years experience in sales and management. Over the past several years he has focused on Forex trading and developed key trading skills and strategies.

Esprit Financial Group, Inc. is currently featured at http://www.audiostocks.com. Additionally, a recent CEO interview by Wallst.net. can be reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.

About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include:


? PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org .
? Forex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders.
? Advanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions.
? Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.


SOURCE Esprit Financial Group Inc.
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