cMoney Inc (CMEY)

[DHANA]

cMoney, Inc. Expands Market Capitalization and Geographic Awareness GlobeNewswire   "Press Releases"
HOUSTON , Nov. 7, 2011 (GLOBE NEWSWIRE) -- cMoney, Inc. (Pink Sheets:CMEY), a leading technology company at the forefront of the international mobile phone-based payment and money transfer services, announced today that the Company has increased investment opportunity for all existing and potential shareholders by substantially increasing the authorized share allotment. "We've heard what investors and members of Wall Street have been saying and we're responding with a new and improved share structure for the Company," stated Paul Matthews , CEO of cMoney, Inc. "In order to continue raising capital in the most non-dilutionary way possible, our consultants have advised us to raise the number of authorized shares. So far shareholders have responded quite favorably."



The CEO has indicated that one of cMoney's major investors will be increasing their financial commitment to assist in strengthening the cMoney brand and accelerating the acquisition of the Company's core product. This investment coincides with the Company's continued expansion both domestically and internationally.



"We thank all of our investors and shareholders for their continuing support and for sharing the cMoney vision. Investor confidence allows us to develop our core solution more rapidly and into other geographic locations, while more importantly, accelerating our global capabilities," continued Matthews. "Our cMoney solution will now become available to our partners, major financial associations and customers who have been anxiously anticipating the arrival of our platform."