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LAS VEGAS, June 11, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that senior management has completed its initial rounds of discussions in Moscow, and will be pursuing additional talks regarding acquisition of a small Russian banking entity.

The bank currently conducts traditional retail services, from loans to term deposits. Interestingly, the Bank is actually registered in New Zealand.

Additionally, the bank has a small trading platform, and management will be reviewing the capabilities to use this platform internationally, as well as in Russia itself.

Historically, during the Soviet era, almost all banking was conducted through the state owned bank State Bank (Go-sudarstvennyy bank - Gosbank). Traditional services we take for granted, such as Checkbooks, credit cards, and other alternative forms of payment were not available in the Soviet Union.

Today, the banking sector continues to modernize, and adopt financial services common in the western world. The opportunity to participate in this high growth area is an exciting one.

http://www.smallcapcenter.com/snapshot_newsrelease.asp?component=compinfo.asp&page=snap_newsrele...