InvestorsHub Logo

algol

05/25/07 9:57 AM

#45265 RE: $CHUD$ #45263

Espirit Financial Group and Credit Card Solutions form prepaid card alliance

May 25, 2007 (Datamonitor via COMTEX News Network) --
Esprit Financial Group has announced that it has retained the services and will be joining forces with Credit Card Solutions UK as part of a strategic alliance to offer foreign denominated debit and prepaid credit cards, as well as advanced electronic funds transfers, to financial institutions in Asia, South America and Africa.

Under the terms of the agreement, Espirit will pay an initial set-up and administration fee of $75,000 in cash to the UK company for provision of the back-end services. Looking forward, Credit Card Solutions will then manage the processing services and payment system infrastructure for the financial services being offered in these markets.

Esprit CEO Garr Winters commented: "We are continuing to bring operational capabilities online within the AEFM division. This specific alliance will allow Esprit to execute contracts for these services within our targeted geographic and industry target markets. It brings the division significantly closer to generating revenue streams from these particular financial services."

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

Copyright (C) 2007 Datamonitor. All rights reserved

livinginstyle

05/25/07 10:03 AM

#45269 RE: $CHUD$ #45263

I'd say management and IR better get on the same page. I wanna know what I'm dealing with when IR communicates with us.

adar7

05/25/07 12:17 PM

#45306 RE: $CHUD$ #45263

Post of the month, Chud!!!

People, even EFGO has an IR that pushes typical pinkie hype. Why they allow this befuddles me. Pehaps Garr should reign this IR in or replace it.

But you go by the comapany managements' language ,nobody else.

They have delivered what they say and say things responsibley.

It is time some people started behaving like mature NASDAQ or NYSE investers and guage their assessments by what the company says.

If you need quick money for your family vacation or to pay back taxes, then get a loan from a friend/family or put it on the card. But don't get peeved and frustrated that this responsible comapny isn't giving you a quick spike so you can pay off a debt or go to Disneyland.

Grow up!

MCArmel1

05/25/07 7:20 PM

#45357 RE: $CHUD$ #45263

Well said chud!


"You still dont get that the diference between management and IR.

IR said "shock and awe"
Management said " we have an old fashion management style"

IR said " To the moon Pr this week"
Management said" slow and steady growth"

The co has never said Prs would boost share price. They believe as I do that when they show expedential profit growth from Quarter to quarter pps will rise.


P.s. My to the moon pps prediction will come true eventually. Im willing to be wrong 100X's just to be right ONCE!!!!"