Esprit Financial Group Inc. (Esprit) (EFGO.PK) Completes Acquisition of Check 21 China (Press Release)
Las Vegas, NV, Jun 29, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 29 - Esprit Financial Group . (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today after the markets closed that it has finalized the acquisition of Check 21 China,
Garr Winters, Esprit's CEO, advised; "We are delighted to have completed this transaction with Robert Xu. We think the fit is excellent, and are very excited about continuing to develop the Chinese market in partnership. When you add Jack Chang to the mix, we have an outstanding and accomplished team working in an industry that is just hitting the momentum growth phase in China and other developing markets".
Winters added; "If the heavens are aligned right, and Global Vision completes their acquisition of IEXPay (Jiangxi), Esprit will end up with a significant position in IEXPay's development as well. One only has to look at the recent stock price of Global Vision (GVHL:PK) to see the value being placed on this outstanding business opportunity".
Robert Xu added; "We are also very pleased to have consummated this deal. Esprit brings very valuable business experience to our Company. We think this gives us the bench strength we have needed to manage the rapid growth anticipated. This will allow us to concentrate on business development to take advantage of the huge market opportunity that awaits us in China".
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