CASH COW

[R-money]

EFGO Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Acquisition of Check 21
China, Inc.

LAS VEGAS, NV, June 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit
Financial Group Inc. (ESPRIT) (EFGO.PK) http://www.espritfinancialgroup.com as
previously announced, Esprit's management team visited China in conjunction with
International Express Payment. (IEXPay).

As a result of the due diligence process, Esprit had the opportunity to fully
explore and understand the corporate structure of IEXPAY.

Esprit has decided not to move forward with the acquisition of IEXPay, and
instead, acquire it's sister Company Check 21 China. The Due diligence process
revealed that the busines pursuits of Check 21 China are more in-line with
Esprit's current business focus and short-term strategic needs.

Esprit feels that Check 21 China represents an opportunity to deliver revenue in
a significantly shorter time-frame, with a scalable business model that is
directly variable as the Companies continue to expand the customer base of
participating banks.

In follow-up meetings with the two sister companies since returning from China,
Esprit and Check 21 China have finalized terms of the acquisition, and expect to
close the transaction within a week. Check 21 China will be acquired in a
combination of cash and stock transaction.

The stock will be placed in an escrow account, and delivered in stages as the
business achieves a number of business milestones. This will see the issued share
capital rise from 6.1 billion to nearly 8 billion shares.

A follow-up meeting with the Bank of Beijing has been confirmed on July 15th, to
begin implementing the pilot check 21 program as previously announced. It is
anticipated that Esprit will begin seeing revenue from this endeavor early in the
3rd quarter.

Garr Winters, CEO of Esprit, commented; "We are delighted to move forward with
Check 21 China. We had excellent rapport with Robert and his colleagues, and
certainly saw the tremendous oppportunities that had been developed by the team.
This provides Esprit with an entree into the Chinese market in a manner that
delivers cash flow and tangible business results practically right out of the
gate".

Esprit will post additional information concerning the acquisition on the Town
Hall page of its website, including a more in-depth press release which will be
posted on http://www.pinksheets.com.

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 http://www.cashnow.org
-Forex: The Company's Forex Trading division offers an innovative
low-cost Forex trading service at http://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
[e-mail], Investor Relations: [phone]

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