CMKX news out - Huh?
CMKXTREME Inc. Offers Customized VISA Pre-Paid Stored Value Card to Their Race Fan Affinity Group and CMKX Diamonds Inc. Shareholders
Wednesday August 11, 1:37 pm ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 11, 2004--CMKX DIAMONDS Inc. (Pink Sheets: CMKX - News) announced today that it has signed an agreement with CMKXTREME Inc. to offer a VISA Pre-Paid Stored Value card to the CMKX shareholders and race fan affinity group.
Urban Casavant, CEO of CMKX, stated: "CMKX is offering this innovative product to their shareholders to once again provide value to their shareholders in new and useful ways. It is rare to be able to provide shareholders and affiliates with a unique benefit whose usefulness can be measured in many ways. We are thrilled to be able to provide this service and product through CMKXTREME to our shareholders, affiliates and race fans alike."
As a VISA product, the card can be used at more than 1 million ATM or merchants locations worldwide that display the VISA or Plus logos.
The VISA Pre-Paid Stored Value card is neither a credit card nor a debit card and does not require a banking account to be opened when applying. The card is signature based for point-of-sale transactions and PIN based for ATM transactions. The card also carries a zero-liability guarantee that states the cardholder will not be liable for unauthorized use of the card provided notification is given within a reasonable time of the loss or theft of the card. The accounts also have a user ID and password for online access to protect the security of the account. Online access provides cardholders with the ability to view their balance, transactions, and to transfer funds to other CMKXTREME cardholders. Cardholders can also access the same features from a toll-free telephone system. Customer service is provided free 24/7 from the United States.
Cardholders can securely add additional funds to their card through a free Web site or through a toll-free telephone system from an existing checking account or credit card. Additional options include payroll deposit, wire, ACH and cash deposits at participating locations.
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Such statements and all phases of ISAT's operations are subject to known and unknown risks, uncertainties and other factors, including overall economic conditions and any unforeseen change in the markets. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. CMKX's actual results, levels of activity, performance or achievements may be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The company undertakes no obligation to update the forward-looking statements in this press release.
