Follow the past TH posts
Check 21 Clients
Posted in Investor Relations at 9:37 pm by adol77dai51
QUESTION:
Check 21 has been successfully tested, and we will be releasing more information regarding the rollout of these services to the Chinese banks originally requesting this service capability from Esprit.
Could you expand on this, it sounds like, we missed this. (”originally requesting”,meaning, but are not anymore)
RESPONSE:
The Chinese banks originally interested in the service are, for the most part, still on board. We are moving forward to roll out the service to them as quickly as possible.
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China Deals Under Development
Posted in Investor Relations at 8:50 pm by adol77dai51
QUESTION:
China projects. Senior management had expected to return from the most recent trip to China with a signed deal. Although we did not meet this objective, we continue to be very optimistic that we will start to close some deals this upcoming quarter.
What kind of deals are these? Check21, IFGX, Cashloan, ?
RESPONSE:
The deals in question are primarily related to the IFGX division. Check 21 services will continue rolling out on an ongoing basis. We are setting up the international banking relationships and will be providing updates as appropriate.
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11.16.07
Special Purpose Corporation Established
Posted in Announcements at 9:23 pm by adol77dai51
Esprit is pleased to advise that it has successfully set up a Special Purpose Corporation. Special Purpose Corporations are legal entities established with a very narrow focus of allowable business activities.
Based on advice of our legal counsel in Hong Kong, it was established that a Special Purpose Corporation would be required as a vehicle should Esprit wish to acquire a Chinese company in an acquisition or reverse-merger.
This puts Esprit in a position to capitalize on opportunities that have been developed over the last several months within the Chinese market.
The Company will provide further updates as appropriate.
