Tuesday, July 31, 2007 8:49:57 PM
Initial rollout of services is slated for the Chinese markets. There is very significant
latent demand for this service and we have received an overwhelming response from
20
preliminary discussions with Chinese banks for our service. Most Chinese banks handle
significant numbers of U.S. denominated checks, whether payroll checks for U.S. citizens
working in China, or for export related payments to international destinations.
Importantly, U.S. dollars are commonly designated for most international transactions,
regardless of the actual importing country. To date, a total of approximately 30 banks
have expressed interest in our ‘Check 21’ services. ‘Cash Now 21’ will help
revolutionize the way U.S. dollar-denominated checks are processed and cleared.
Management believes that the necessary infrastructure can be in place and operations
scaled up to deliver revenue for the latter part of the current year. This is a scalable
business model that with revenue directly variable to as we continue to expand the
customer base of participating banks and merchants, and other international markets.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM