NEWS!!
Digital Development Partners Acquires Worldwide Distribution and Servicing Rights to the EFT-Phone
3:15a ET March 1, 2010 (Business Wire)
Digital Development Partners, Inc. (OTCBB:DGDM), today announced that it has acquired the worldwide distribution and servicing rights to EFT BioTech Holdings, Inc.'s (Pink Sheets:EFTB) new EFT-Phone in exchange for 79,265,000 Digital shares or 92% ownership. The rights to the EFT-Phone include the right to distribute the EFT-Phone, which initially will be marketed to the EFT affiliate base with over one million registered members. The agreement also allows Digital to provide both customer and technical service for all EFT-Phones on a monthly basis, which includes, but is not limited to, the collection of monthly base fees, usage fees, as well as call waiting, call forwarding, text messaging, video fees and EFT-Phone accessories sales.
Jack Qin, CEO and President, stated, "Our mission is to provide high-quality phone service first in the areas of China/Asia, which will exceed the expectations of the EFT affiliates while remaining true to the basic principles of our core business." Mr. Qin went on to state, "Our initial client base will be the estimated 300,000 active EFT affiliate members. Our next wave of clients will be harvested from the 700,000 plus customers who are in the EFT system as affiliate members with current affiliate numbers."
Digital and EFT have planned an aggressive EFT-Phone marketing and training schedule throughout Asia for 2010. Digital also plans to introduce new products and services to its new and existing EFT-Phone customers.
About Digital
Digital distributes and services the EFT mobile PDA phone to EFT's base of affiliated members throughout China/Asia. The unique aspect of the EFT-Phone is that EFT affiliates will be able to speak with all other affiliates at no charge while in a Wi-Fi location utilizing VoIP technology. Another unique aspect is the additional Apps that will allow the EFT affiliate base to access all their back office sites including their Funds Management Account where the affiliate will be able to deposit funds to make purchases, withdraw and transfer money to another EFT account or to another EFT affiliate at no cost for the internal transfer. The EFT-Phone will have educational applications and PowerPoint presentations for recruiting and training new affiliate members anywhere in the world.
About EFT
EFT is a worldwide business-to-consumer e-commerce marketing Company utilizing a large individual affiliate membership base to sell proprietary personal products and other unique services. Headquartered in Southern California the Company services members primarily in Asia, Eastern Europe and Latin America. EFT also has a 48% interest in Excalibur International Marine. Excalibur's flag ship the Ocean LaLa, is the first and only license holder for ferry ship transport providing service between Taiwan and Mainland China. The Company anticipates the advent of new products and services further fueling growth.
