This is topic EFGO [ Esprit Financial Group, Inc ] in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


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Posted by brackep on :
 
EFGO Town Hall url:

http://cashnow.com/espritfinancialgroup/

The Town Hall provides a forum within which shareholders and other stakeholders can pose questions to management about various business activities and achievements pertaining to Esprit. Queries from interested investors can be submitted via the enquiry form on the Town Hall page at www.espritfinancialgroup.com.

The Company will post and respond to questions that are representative of the questions submitted. For obvious reasons, questions will be screened for language, and moderated to prevent abuse.

The Company's IR department will try to ensure that popular questions are answered within 4 - 5 business days.

The Town Hall will also be used to post ongoing developments re: Company operations on a pro-active basis. This will be complemented with regular press releases regarding more significant business developments.

Esprit CEO Garr Winters explains, "There is just a tremendous amount of business projects in the pipeline. We will try and filter through as much information as we can in a responsible manner. However, we must be responsible and posts will not be speculative in nature."

Winters added, "Our four different divisions will evolve quite rapidly, although we must be realistic and allow for a methodical plan of operations to ensure that we have the right intra-corporate as well as strategic consultants and third party resources properly aligned with our business objectives. As an example, the next 30 days may be very exciting within our Advanced Electronic Funds Management system. We are barely out of the gate with Jack Chang, head of the division, and we are fielding calls from interested parties via word of mouth. I continue to be impressed regarding his network of very senior C level executives at large Blue Chip clients.

"Importantly, Esprit provides the type of corporate capabilities needed to turn Jack's great ideas into operating business, with our sales, marketing and business management skill set. I have got my passport ready, and it looks like I'll be spending some time in the air to negotiate some of the very promising opportunities that continue to open up to us."

Winters summarized, "I invite all interested parties to stay current through our Town Hall forum, and register to begin using the service. All users, even the pre-registered users, will have to re-register again at the Town Hall Forum, as Esprit updated the current database to a more robust platform which requires all users to re-authenticate before they can begin using the service. Please note that the Esprit website itself will be upgraded shortly to bring all of the information up to date. It's been a bit of a moving target recently. Our IR staff are having a bit of a challenge keeping up with all the news."
 
Posted by BooDog on :
 
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/025994/p/23.html#000906

Reference back to CHNW cash now
-------------------------------------------

www.espritfinancialgroup.com

www.cashnow.org

www.cashnow.com

________________________________________
AS 11,000,000,000

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx ?lx8nvq=VXehRn4u%252frPF%252bYLY3RCK5g%253d%253d&CorpName=ESPRIT+FINANCIAL+GROUP +INC

o/s around 5B
________________________________________

BIOGRAPHY OF JACK CHANG

http://www.global-vision.com/Bio.asp
 
Posted by MichaelAdamGreen on :
 
I'm so over with this stock... what the hell ... .0005? I mean ... really... c'mon...
 
Posted by brackep on :
 
nice summary BooDog, now let's get it going EFGO ... up we go c'mon
 
Posted by brackep on :
 
quote:
Originally posted by MichaelAdamGreen:
I'm so over with this stock... what the hell ... .0005? I mean ... really... c'mon...

the amount sold at 0.0005: 990000 shares equals to 500 USD, doesn't look like a big sell off to me.

MM games IMO hold tight
 
Posted by BooDog on :
 
.0008

imo many are just impatient. they cut back on the PR's - good move imo. todady's pr wasn't about #'s. would be nice to see those but in due time - if they are on the level to begin with. potential and possibilities exist but they need time to bear the fruit. a pink is a pink. need some major volume to move this cow which only adds to the frustration.
 
Posted by tmanfromtexas on :
 
I picked up a few at 6. Back to my million shares. lets go to a buck so I can retire early. lol. TMAN...
 
Posted by brackep on :
 
board member at IHUB verified the O/S count with heritage (T/A)

the O/S since this morning is:

1,430,238,005

That's right under 1.5 billion!!!

Talking about shock and awe :-)

link: http://www.investorshub.com/boards/read_msg.asp?message_id=19266737
 
Posted by BooDog on :
 
hell of a lot better than 5B.

Thanks Brackep
 
Posted by tmanfromtexas on :
 
Thanks Brack for the update. TMAN...
 
Posted by mindspin311 on :
 
Order just came in at .0008. Hopefully we see this back up in that range tomorrow.
 
Posted by brackep on :
 
quote:
Originally posted by brackep:
board member at IHUB verified the O/S count with heritage (T/A)

the O/S since this morning is:

1,430,238,005

That's right under 1.5 billion!!!

Talking about shock and awe :-)

link: http://www.investorshub.com/boards/read_msg.asp?message_id=19266737

correction on the O/S ... it's even lower :-)

Posted by: kindo
In reply to: None Date:5/1/2007 12:31:51 PM
Post #of 37392

Here ya go guys direct from the TA...


The outstanding is 1,279,380,862.

As for the float you will have to discuss this with the company directly.

Thank you,
Filomena Nucaro
Administrative Assistant
Heritage Trust Company

" XXXXXXXXXXXXXX"
Filomena,
I did fax you my screen shot so if you could email me the o/s and float of EFGO I would really appreciate it.
Thanks!
Tom XXXXXX
 
Posted by brackep on :
 
I expect the PPS to be in the 0.001 - 0.0015 range by friday.

There is a lot of buzz on IHUB board as of yesterday.

An IHUB board moderator contacted the company and he got these next email replies:

Posted by: moneynmetals
In reply to: moneynmetals who wrote msg# 37231 Date:5/1/2007 3:09:14 PM
Post #of 37393

Email #1
---------------------------------------------------------------


Subj: Re: Heritage Trust throwing out these numbers REPLY
Date: 5/1/2007 9:58:51 AM Pacific Standard Time
From: cashnowcorp*cashnow.com (Cash Now Corp)
To: xxxxxxxxxx*wmconnect.com


Bill;

heres what I replied to someone else with the same questions. I took out his personal info

Regards


XXXXXXXXXXXXXXXX

These are excellent questions and I have forwarded them to our writer – editor Mel Noodleman who will post them together with the answers in the Town Hall for all to see. There’s going to be a PR Next week (for sure not this week) about the outstanding etc. I say “for sure not this week” as Garr is off sick with a flu, (as that is partly the delay plus that type of a PR needs to clear legal dept and those guys move at their own speed). There are rules that SEC in USA and other security bodies in other countries issue as what a non reporting and a reporting issuer can and can not say and so forth. The legal rep needs to look at all of this as we have a good amount of USA CDN and EU investors and the PR has to be drafted in such a way so that all concerned are covered and that we do not accidentally step on any toes in the process. We are eager to get this one out as well just have to make sure it’s done right.

I agree with you 100% about that being a positive PR. We saw 3-4 other small cap companies that PR’d similar news and the market took it very positive. ! We are hoping the same will happen to us. I’m sure we PR’d that there was a buy back with friendliest stakeholders taking place.

As so far as the Forex PR there’s something being drafted on that now. It should be out this week, plus 1 PR with "numbers" this week, that we promised to all a while back.

Again, Mel will post all of these questions – answers in the town hall with detailed answers ASAP so I hope this will tide you over till then.

I’m replying to this email on the express understanding that if you are going to be forwarding this e mail to other shareholders no part of this e mail (save and except the personal data info) can be edited without the authors prior written consent which consent can unreasonably be withheld.

Regards


At 11:01 AM 5/1/2007, you wrote:

Dear Sir or Madam,

I purchased shares on 2/27/2007. I know that the town hall was created to keep your emails and calls done so that you will be able to concentrete on business activites. I have been reading that the oustanding is now around 1.5 billion.

1) What is the current outstanding, A/S, etc. . If it is that low why not put a press release on this as I believe investors would see this hold for longer-term. That would be a shock and awe press release.

2) Would you be able to elaborate at all on how well the Forex has been doing since being operational. The number of sign-ups, etc..

Thanks for your time. If that would be ok I would like to post your reply to the other investors.

Sincerely,

XXXXXXXXXXXXXXXXXXX



Posted by: moneynmetals
In reply to: moneynmetals who wrote msg# 37231 Date:5/1/2007 3:13:03 PM
Post #of 37393

Email #2
---------------------------------------------------------------


Subj: Re: Nice buzz on the boards reply
Date: 5/1/2007 10:50:53 AM Pacific Standard Time
From: cashnowcorp*cashnow.com (Cash Now Corp)
To: xxxxxxxxxxx*wmconnect.com


Bill;

thats good to hear. PR in AM plus 1 more this week 70-80% certain. I know thats 3 I'm pushing for 4 this week, (even though Im in the dog house) to make room so that next week the biggies can go out.

Yea there are a few big things rteady to pop. This PPS is ridicilous!

Regards


At 01:37 PM 5/1/2007, you wrote:

Michael:

It's nice to see a positive buzz on the MB's again.
Respects
Bill Dane


Corporate Affairs
Esprit Financial Group Inc
Fax Number North America Toll Free 1- (866) 687-5865
www.cashnow.com
www.espritfinancialgroup.com
 
Posted by brackep on :
 
NEWS OUT !!!!!!!!!!!!!!!!!!!!!!!!!!

Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Completion Of Sale of Global-Vision Holdings
Wednesday May 2, 7:00 am ET


LAS VEGAS, NV, May 2 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that it has sold Global-Vision Holdings, Inc. (Global) to a private Texas based company.
ADVERTISEMENT


Esprit has received about $200,000 in cash from the transaction, in the form of a net profit.

Esprit will also retain a majority position of about 23.67% interest in Global, although Esprit has no plans to be actively involved with Global's day-to-day operations moving forward, other than that of a regular shareholder. It does, however, provide an upside opportunity in the event that the Texas company is successful in their endeavours, and the value of the equity increases significantly in the future.

Esprit CEO Garr Winters commented; "As we have previously announced, it's not often that you get your cake and can eat it to. The intellectual property of Global is simply first class, representing incredible opportunities in facilitating international financial transactions. I don't know how you can put a value on the fact that Jack Chang has joined Esprit - the goodwill built into his network of major financial players is unique. Couple these with the opportunity to sell Global at a handsome profit, and I think our shareholders should be wearing big grins today."

Winters also explained; "I imagine that there may be a bit of confusion why we are selling Global off as a shell company, when are at the same time looking to do reverse mergers for some of our divisions as they mature and prove their worth. Simply, Global is not a fully reporting company and therefore is of limited use to us. Additionally, there have been historical issues with some hostile shareholders in Global. We do not want to saddle ourselves with problems that will take time and attention of management away from the ongoing operations of Esprit. We believe that this sale is both prudent and pragmatic, not to mention handsomely profitable."

About Esprit Financial Group Inc.

Esprit Financial Group Inc, is a public company engaged in a diversified number of online financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner www.cashnow.org. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.

Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.

Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and providing banking capabilities to consumers without requiring that they have a bank account.

Structured Debt Settlement: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.


--------------------------------------------------------------------------------
Source: Esprit Financial Group
 
Posted by BooDog on :
 
there's that Texas/Canadian connection again.

so much for my .0004 trigger eh?
smart move imo

go EFGO!
 
Posted by brackep on :
 
Let's start some green days/weeks as of today people!

I feel we are in the very midst of a very strong turnaround!
 
Posted by brackep on :
 
200k net profit AND a 23.67% interest in Global ... NICE !!!!!

Esprit CEO Garr Winters commented; " ... I think our shareholders should be wearing big grins today."

Go Garr, Go Esprit !!!
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=EFGO&p=D&b=5&g=0&id=p95818437697

Chart looks like this might not be done going south. Watch for indicators to make a turn up.
The news might be a plus just be careful. JMO
 
Posted by Gary59 on :
 
What is a w in front of a trade on L2s with afterhours trades? I just saw that somewhere and cant find it again..
There was a 7 mill trade yesterday at .0007 after hours but I dont remember what the w means..
 
Posted by Gary59 on :
 
Also looks like only 2 MMs on bid
 
Posted by brackep on :
 
6's gone pre-market!
 
Posted by brackep on :
 
28.75 million in the first minutes! all buys at ask!

go EFGO!
 
Posted by brackep on :
 
7's are fallin
 
Posted by kermit42 on :
 
Looks good so far. There are a lot of 7s out there, but good volume and most trades at the ask.

If the 7s keep going, some of those sellers should feel confident to raise the ask.
 
Posted by BooDog on :
 
Making The Watchlist: Esprit Financial Group Inc. Completes Sale of Global-Vision Holdings
9 minutes ago - M2
Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Activity on the OTC PK market has brought this company to the attention of our research team. Esprit Financial Group Inc. (ESPRIT) (EFGO.PK), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
 
Posted by brackep on :
 
quote:
Originally posted by BooDog:
Making The Watchlist: Esprit Financial Group Inc. Completes Sale of Global-Vision Holdings
9 minutes ago - M2
Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Activity on the OTC PK market has brought this company to the attention of our research team. Esprit Financial Group Inc. (ESPRIT) (EFGO.PK), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.

nice, more exposure !!!!
 
Posted by dalton05 on :
 
Down to .0005
 
Posted by brackep on :
 
quote:
Originally posted by dalton05:
Down to .0005

Do you hold shares in EFGO ?
 
Posted by tmanfromtexas on :
 
I DO!!!!!!!! heheh. I tried to get some more at 5 but no luck. It can go up and it wont hurt my feelins....TMAN...
 
Posted by BooDog on :
 
no one thinks I'll get my .0004

i hope not too but unless we're goin to .001 anytime soon i'll take my .0004 dagone it!
 
Posted by tmanfromtexas on :
 
Youre so greedy boo!!! lol. I will take 5s. This will have its day imo. TMAN...
 
Posted by kermit42 on :
 
If we're not going to go up for some particular period of time, then it can do whatever it wants between now and then. You can get your 4's, T-man his 5's, Dalton can get some 2's. Heck, I might actually have some free money next week and if it's still triple zeros, I'll spend it here.

Despite all that, if we are voting on a day for this to start moving up, I vote tomorrow.
 
Posted by stocktrader22 on :
 
LMAO...
 
Posted by BooDog on :
 
Cheers you guys!

I was thinking how "shock and aw" it would be for this to do a 1000:1 rs. A 15b share structure even with 2b os if they wanted to be recognized as a potential competitor in the "real world" it would take something amazing. That is the only reason I still shoot for my .0004s. who knows how long it'll be before something like that happens, but for now... Lets go green! boogity boogity boogity!!
 
Posted by IamtheWalrus on :
 
quote:
Originally posted by stocktrader22:
LMAO...

Ditto bro, I got outta this when it was in the .0011 when I got in over two months ago at .0006 ...too much pumping from the CEO...I couldn't take it anymore..these pinks drive me crazy...My folio only consists of RSDS and IPKL when it comes to the pinks...and well BKMP, but that was mistake.

GLTA though for sticking with it.
 
Posted by thesource on :
 
This stock is nothing more than another POS sub penny for of $hit .
 
Posted by BooDog on :
 
quote:
Originally posted by thesource:
This stock is nothing more than another POS sub penny for of $hit .

guess you missed our last thread. cause that's where it's goin!!


lmao
 
Posted by brackep on :
 
quote:
Originally posted by thesource:
This stock is nothing more than another POS sub penny for of $hit .

I guess you will find your way out ?
 
Posted by brackep on :
 
Posted by: moneynmetals
In reply to: None Date:5/2/2007 8:59:36 PM
Post #of 37801

IR Email: O/S, Dilution, & Revenue Guidance

Subj: Re: needs your attention please REPLY
Date: 5/2/2007 1:40:25 PM Pacific Standard Time
From: cashnowcorp*cashnow.com (Cash Now Corp)
To: xxxxxxxxxxxxxxxx*wmconnect.com


Bill;

the O/S is higher then 1,279,380,862.

That is the active float not the outstanding.

Im so glad we got the town hall. My life has become simple once again!

Go to the town forum that question is answered there. We did issue a few billion to buy the OTCBB companies those are restricted shares and not released yet.

Bill ... I answered this question 100000x so and Ill answer again. How can the company dilute?! Help me out. All the company can do is issue restricted shares NOT FREE TRADING. Its FREE TRADING stock that trades. Restricted cant trade.

Regarding numbers yes we plan on issuing a revenue guidance PR. Accountants are now working on 2Quarter financials and revenue guidance is next.

There should be 2 morte PRs this week. There is also a CEO web casts that should come out Im hoping yesterday! Ill jump on these guys to see what the status is

I hope that helps

Regards
 
Posted by brackep on :
 
NEWS OUT!!!

Esprit Financial Group Inc. (Esprit) (EFGO.PK) Invites Forex User's to Participate in Quality Control Survey
Thursday May 3, 6:00 am ET


LAS VEGAS, NV, May 3 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK), www.espritfinancialgroup.com, is asking forex traders for input on the Cashnow.com forex website, launched last month. The survey is designed to solicit feedback regarding the functionality of the forex trading platform at the cashnow.com website.
ADVERTISEMENT


Richard Sciacchetano, head of Esprit's forex trading divisions summarized, "The cashnow.com website has now been operational for about one month now. We want to get as much input as possible from traders to ensure that the platform is meeting their needs and expectations. The survey itself will only take a couple of minutes to complete. If there are any quality control issues, we want to know about them as soon as possible, and address them immediately. We want to ensure the trading platform is meeting users' expectations, prior to our marketing launch. Importantly, we want to capture as much information as possible, and use that information to conduct an internal audit. The completion of this audit is detrimental to us. This information will allow us to tabulate future revenues, to project future growth, and to plan on budgeting towards the advertising budget. The objective of our goal is to compile all of this data from our active traders, and to allow our CFO to issue a 12 month revenue guidance within the next 3 to 4 weeks for Esprit. The survey can be accessed from both the Espritfinancialgroup.com website, as well as at cashnow.com."

In addition, traders are invited to take the survey by visiting this link directly:

http://www.surveyconsole.com/console/TakeSurvey?id=342466

Sciacchetano added, "We would like to thank all participants for their input. We will post a summary of the feedback within our Town Hall section of the espritfinancialgroup.com website."
 
Posted by MichaelAdamGreen on :
 
I mean hey... Most people made money on this back in February/March when we all bought at .0003 and sold at .0016... It definately paid my bills for a while... tmAn! I'm definately with you, this will have it's day again, and just bear with it. Put a good until cancelled order in for something reasonable, and don't watch this stock everyday because it will get depressing. Within 60 days, I would seriously put money on it that we will see the .001's again and beyond. -Michael
 
Posted by BooDog on :
 
/C O R R E C T I O N from Source -- Esprit Financial Group Inc./
Thursday May 3, 12:03 pm ET
In TO374 transmitted today at 06:00e today, an error occurred in the second paragraph. The seventh sentence should have read "...instrumental to us" and not "...detrimental to us". Corrected copy follows:
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Invites Forex User's to Participate in Quality Control Survey


LAS VEGAS, NV, May 3 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK), www.espritfinancialgroup.com, is asking forex traders for input on the Cashnow.com forex website, launched last month. The survey is designed to solicit feedback regarding the functionality of the forex trading platform at the cashnow.com website.
ADVERTISEMENT


Richard Sciacchetano, head of Esprit's forex trading divisions summarized, "The cashnow.com website has now been operational for about one month now. We want to get as much input as possible from traders to ensure that the platform is meeting their needs and expectations. The survey itself will only take a couple of minutes to complete. If there are any quality control issues, we want to know about them as soon as possible, and address them immediately. We want to ensure the trading platform is meeting users' expectations, prior to our marketing launch. Importantly, we want to capture as much information as possible, and use that information to conduct an internal audit. The completion of this audit is instrumental to us. This information will allow us to tabulate future revenues, to project future growth, and to plan on budgeting towards the advertising budget. The objective of our goal is to compile all of this data from our active traders, and to allow our CFO to issue a 12 month revenue guidance within the next 3 to 4 weeks for Esprit. The survey can be accessed from both the Espritfinancialgroup.com website, as well as at cashnow.com."

In addition, traders are invited to take the survey by visiting this link directly:

http://www.surveyconsole.com/console/TakeSurvey?id=342466

Sciacchetano added, "We would like to thank all participants for their input. We will post a summary of the feedback within our Town Hall section of the espritfinancialgroup.com website."

can I help it if they are just trying to give me my .0004?? [Eek!] [Big Grin] [Eek!]
 
Posted by brackep on :
 
NEWS OUT !!!

Esprit Financial Group Inc. (Esprit) (EFGO.PK) Opens Forex Trading Division Satellite Office in Florida
Friday May 4, 9:00 am ET


LAS VEGAS, May 4 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce Esprit's Forex trading division has opened a satellite office in Boynton Beach, Florida. Forex Analyst Peter Presland has been hired as the office manager. Short term company objectives will be to obtain broker-dealer status for the division through the Florida office. As previously announced, the Company has been evaluating different options to obtain broker-dealer status. Garr Winters Esprit's CEO put it this way: "We intend to obtain broker-dealer status, period. If we can't buy one we will build it ourselves."

The new office is located at:
1375 Gateway Blvd,
Boynton Beach Fl. 33436
Local telephone: 561 536 0465

Esprit Forex Trading division head Richard Sciacchetano noted, "Peter is an excellent addition to our management team. Peter has about four years experience trading in the Forex market, and comes to Esprit with excellent credentials."

In other Company news, the Payday Loan division announces that a regional license has been granted for the Port St. Lucie area in Florida. In addition, a website for the region will be launched in tandem to provide a comprehensive payday loan and related sub-prime financial services solution.

CEO Garr Winters notes, "As always, it is a pleasure to welcome a new licensee to our family. It validates the business model of the Cash Now Payday loan division as we continue to ramp up marketing of our products and services."

The licensee has completed Cash Now's virtual online training program. As previously announced several months ago, the virtual training program was instituted as a cost efficient manner to train all new licensees, without incurring excessive travel expenses. Positive response to the virtual training program has exceeded the Company's expectations.
 
Posted by BooDog on :
 
not impressed with the LII but who knows. may be a good day.
 
Posted by dalton05 on :
 
Numbers we need Numbers.This news is not going to do it.I see this stock staying at these Levels until they give some numbers.
 
Posted by BooDog on :
 
12345678901234567890

to infinity!!!!


oops
 
Posted by brackep on :
 
Esprit Financial Group Inc. Announces Engagement of Audiostocks.com
Tuesday May 8, 6:00 am ET


LAS VEGAS, NV, May 8 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (Esprit) (Pink Sheets: EFGO - News) today announced the engagement of Audiostocks.com, an internet-based publishing platform designed to create, catalogue, distribute and make functional, fact-based corporate business news and financial content. Esprit Financial Group's Audiostocks.com corporate webpage will be published at http://www.audiostocks.com within the next couple of days.
ADVERTISEMENT


To its growing community of small cap and micro-cap investors, AudioStocks disseminates news, corporate profiles, interviews and links to source materials as a means to facilitate and streamline the cumbersome task of performing due diligence on publicly-traded companies. Additionally, the AudioStocks platform assists companies in garnering the attention of the diverse audience of current and potential investors, vendors, and institutions.

AudioStocks does not duplicate traditional broadcast efforts (which increasingly yield slower results with poor - or worse yet, unverifiable - metrics). Rather, via results-oriented narrowcasting techniques, AudioStocks delivers quantified, high-quality outcomes and helps fortify traditional marketing communications efforts.

"We are excited to announce our partnership with Audiostocks.com. With the recent launch of our Forex Trading division, Advanced Electronic Funds division and the upcoming launch of the Structured Debt Resolution division, we feel that it is appropriate to create broader awareness of Esprit's activities. There are many small and micro-cap investors for whom Esprit is not on the radar screen. Certainly there are a lot of potential investors who are not aware of our significant achievements in diversifying our portfolio of Internet enabled financial services in recent months. Audiostocks.com has an extensive audience of investors which it reaches via its website and permission based emails. We are confident that they can get the message out regarding our the underlying value in our Company," stated Garr Winters, CEO of Esprit Financial Group Inc.

"We are pleased to feature Esprit Financial Group Inc," stated Luis Leung, Director of AudioStocks. "Their family of Financial Services provides a unique blend of products for its target market, while simultaneously facilitating that service by means of quality network systems, allowing clients access to those services via Internet. This makes them a natural company of interest to our listeners that regularly seek and research small, internet-based companies."
 
Posted by shadowpayne on :
 
The posting has gotten sparce as the pps goes down. But most of the news seems to be positive if not good. sure we could use the numbers, but that seems doubtful. should'nt the next push start soon?
 
Posted by ILOSEMONEY on :
 
Technically this should go up, especially with all the good news. The problem is it doesnt go up no matter what. Speculation of dilution etc comes to alot of peoples minds.

I just dont pay attention to it much anymore. I've taken a long position and when this explodes I'll be ready.

I think most people are waiting on the financials...maybe I'm wrong.
 
Posted by tmanfromtexas on :
 
I am waiting on them. TMAN...
 
Posted by BooDog on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) to Integrate Lexis Nexis ID Verification And Risk View Scoring Solution
Thursday May 10, 6:00 am ET


LAS VEGAS, NV, May 10 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce Esprit's payday loan software division Cash Now is integrating Lexis Nexis ID Verification and risk view scoring solution in the company's next generation of E5 Payday Software Platform scheduled for release later in 2007.

Mr. Garr Winters, Esprit's CEO said, "Some who do not fully understand the operational aspects of our business may underestimate the significance of this strategic alliance. However, competitors in the payday loan software and sub-prime business lending industry itself will fully understand the importance. Cash Now licensees will now have access to the most comprehensive credit scoring facility within the industry, and a competitive advantage over other payday loan lenders."

The software provided by Lexis Nexis will integrate into Esprit's E5 software system and allow the licensee to conduct both ID Verification and to view the risk in an easy to understand scoring table. Mr. Winters added, "We are extremely excited about this integration and we can see great benefits to our licensees and we can see this solution assisting our sales team in generating more sales."

As many as 50 million Americans aren't covered by traditional credit scoring methods such as FICO and credit bureaus. These are disproportionately over-represented in the sub-prime financial services sector. Now, there's a fast, easy way for Cash Now licensees to assess their credit risk. LexisNexis® RiskView(TM) is a powerful new tool that uses public records and non-traditional data in order to create a score for consumers and businesses that have been deemed "thin file" or "no hit" by traditional bureaus.

Mr. Winters goes on to note, "We believe we can extend our relationship with Lexis Nexis into our Structured Debt Resolution division. This will provide lending institutions a non-confrontational environment within which to deal with high risk debt holders, while simultaneously providing a rich data set of information regarding the credit risk associated with those applying to a resolution plan to manage their debt.

About Lexis Nexis

LexisNexis® is a leading provider of comprehensive information and business solutions to professionals in a variety of areas - legal, risk management, corporate, government, law enforcement, accounting and academic. The Company provides access to 5 billion searchable documents from more than 32,000 legal, news and business sources. Corporations and legal professionals can also manage, organize and integrate their work processes using our unique set of solutions.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. (d.b.a. Cash Now) is a public company engaged in a diversified number of online financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner www.cashnow.org. The Company also operates www.cashnow.net, which generates leads of consumers looking for payday loans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.

Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.

Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.

Structured Debt Resolution: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
 
Posted by mindspin311 on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Phase I Launch of UK Forex Trading Website
Friday May 11, 6:00 am ET

LAS VEGAS, NV, May 11 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has launched http://www.cashnow.co.uk/ for European clients trading in forex. This step represents the first phase of the rollout for the European market.

ADVERTISEMENT
Essentially a mirror site of Esprit's current forex trading website, this will serve as a launching pad for the next phase of development. Esprit has identified several trading platforms that may meet the needs of our European customers with a trading platform that provides additional customization features geared for Euro-based transactions. One of the prospective platforms is in its final beta test stage. As such, Esprit management will take a bit more time before committing to the final platform for European customers.

Garr Winters, CEO of Esprit notes that, "We had hoped to have a complete solution in place for mid-May. However, we would rather slow things down a little, and ensure that the most appropriate trading platform is put in place going forward. We are allowing the software developers a bit of a grace period, as we believe it will be in our clients' and shareholders' best interests to enact a more detailed due diligence process to address the specific needs of Euro based traders."

Richard Sciacchetano, head of Esprit's Forex Trading division added, "The forex trading environment is going through a growth spurt, with many more software options and approaches reaching into the retail marketing space. We feel it is more important to make the right business decision rather than the most expedient one, and select a platform that will offer our European based clients the most convenient and powerful trading tool. We're looking for long term, sustainable growth, and believe this second phase of determining the right trading platform is worth a bit of delay to ensure the best decicion is made moving forward."

Esprit Financial Group, Inc. is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com.

About Esprit Financial Group Inc.

Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner www.cashnow.org. The Company also operates www.cashnow.net, which generates leads of consumers looking for payday loans on behalf of our licensees. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.

Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.

Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.

Structured Debt Resolution: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
 
Posted by BIGDAN on :
 
THIS STOCK WAS WORTH MORE WHEN THE TICKER WAS CHNW....THEY SHOULD PUT IT BACK...LOL
 
Posted by BooDog on :
 
bring back the TO DA MOOOOOOOON! thread!!!
[Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin]

This WILL hit my .0004.
imo of course.... then TO DA MOOOON!
 
Posted by BIGDAN on :
 
I WAS 1 OF THE LUCKY 1'S TO BUY THIS AT .0001 WAY BACK WHEN.....I AGREE WITH YOU WE NEED THE "TO DA MOON !!!" THREAD
 
Posted by MichaelAdamGreen on :
 
I was "lucky" at .0003
 
Posted by kermit42 on :
 
Fie on all of you!! I was lucky at .0009

At least it seemed lucky at the time. Someday it will seem lucky again.
 
Posted by MichaelAdamGreen on :
 
Haha... I mean... I'm not going to lie... I only picked up a million at .003... and then 3-4 million at .0012, and my greatest achievement, was about 2-3 weeks ago, bought at .0008 because I thought it was a deal... Yeah... I'm over this one!
 
Posted by tmanfromtexas on :
 
Boo, did you get your 4s? TMAN...
 
Posted by dalton05 on :
 
bid down to .0003 to da toilet
 
Posted by MichaelAdamGreen on :
 
oh my god
 
Posted by kermit42 on :
 
Not so fast Dalton. I worked out a deal with Garr to help BooDog get his .0004's. But that's it. We are not walking it down any further.

If you wanted .0003's, young man, you should have gotten them when you had the chance!
 
Posted by IceCold on :
 
Damn! EFGO just Flushed my two paychecks! I bot in 4 million at 0.0014 [Frown] .....

Now; I am wasting my third paycheck on it; if I have already lost 2 paychecks and still holding; then I am willing to donate my third paycheck too! I have my Bid at 0.0003! If it hits, i am happy; else I am much happier!

Terrible month of trading for me so far..... First EFGO and then IGTS......
 
Posted by BooDog on :
 
quote:
Originally posted by tmanfromtexas:
Boo, did you get your 4s? TMAN...

[Eek!] [Big Grin]

target met. took long enough.
shame isn't it?
Now we'll see what they can do with a loss of confidence issue amongst everyone. They will need some solid pr's now. hopefully those that were trying to bail are now out. and this train is ready for a fresh load of coal.
 
Posted by dalton05 on :
 
what we need is more pr's - lmao - come on people haven't we seen enough pr's to last a lifetime.Maybe they will issue a real pr that actually has a statement that the company made some money.
 
Posted by IceCold on :
 
Is anyone actually using their tools/website/ or anything that they have made so far to say they have made money ???????? LoL! Just curious.....
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Completes Sale of Stock under Rule 504 of Regulation D)


LAS VEGAS, NV, May 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com today
announced that it has exhausted its available pool of stock shares
saleableunderRule 504 of Regulation D of the US Securities and Exchange Commission.

"In order to properly fund much of our expansion into new financial
products andservices,we sold shares under this rule of exemption," said Garr Winters, CEO
of Esprit. "Now that the development of our new product divisions are well
ontheirway to reach the market, and we are properly capitalized to complete the
regulatory filings and audited financial statements necessary to
facilitate thecompany'smove to the OTC Bulletin Board, we have exhausted the number of
saleable shares and have now concluded this process."Esprit is seeking to make the move from Pink Sheets to the OTCBB in the
latterpartof this fiscal year.





For an explanation of Rule 504, please visitwww.sec.gov/answers/rule504.htm.Winters added, "We are making very good progress towards our goals across
all ofourdivisions. We anticipate being able to announce the launch of several new
products, strategic partnerships, and most importantly, new client
contractswithinthe next 60 - 90 days."

In other Company news, Winters noted, "As previously announced, we plan toreleaseour financial statements this Tuesday May 15th. Importantly, we also
believe that we have identified the sources of the recent strong downwardpressureon our stock price, and anticipate that our stock will now begin
trading again on its own merits without manipulation by third parties."Esprit Financial Group, Inc. is currently featured at AudioStocks, where a
profile and other information may be obtained by visitinghttp://www.audiostocks.com.About Esprit Financial Group Inc.

Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public
companyengagedin a diversified number of online financial services.
 
Posted by brackep on :
 
ETIM similarity:

on February 16th ETIM released this PR:

http://biz.yahoo.com/bw/070216/20070216005410.html?.v=1

Looks the same as the PR we got today

Look at ETIM chart after February 16th:

http://stockcharts.com/charts/gallery.html?etim
 
Posted by BooDog on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Completes Sale of Stock under Rule 504 of Regulation D
Monday May 14, 6:14 am ET


LAS VEGAS, NV, May 14 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com today announced that it has exhausted its available pool of stock shares saleable under Rule 504 of Regulation D of the US Securities and Exchange Commission.
"In order to properly fund much of our expansion into new financial products and services, we sold shares under this rule of exemption," said Garr Winters, CEO of Esprit. "Now that the development of our new product divisions are well on their way to reach the market, and we are properly capitalized to complete the regulatory filings and audited financial statements necessary to facilitate the company's move to the OTC Bulletin Board, we have exhausted the number of saleable shares and have now concluded this process."

Esprit is seeking to make the move from Pink Sheets to the OTCBB in the latter part of this fiscal year.


For an explanation of Rule 504, please visit
www.sec.gov/answers/rule504.htm.

Winters added, "We are making very good progress towards our goals across all of our divisions. We anticipate being able to announce the launch of several new products, strategic partnerships, and most importantly, new client contracts within the next 60 - 90 days."

In other Company news, Winters noted, "As previously announced, we plan to release our financial statements this Tuesday May 15th. Importantly, we also believe that we have identified the sources of the recent strong downward pressure on our stock price, and anticipate that our stock will now begin trading again on its own merits without manipulation by third parties."

Esprit Financial Group, Inc. is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com.


sorry dalton, the word wrap or justification on your post was driving me nuts [Big Grin] [Wink]
 
Posted by BooDog on :
 
quote:
Originally posted by brackep:
ETIM similarity:

on February 16th ETIM released this PR:

http://biz.yahoo.com/bw/070216/20070216005410.html?.v=1

Looks the same as the PR we got today

Look at ETIM chart after February 16th:

http://stockcharts.com/charts/gallery.html?etim

AWESOME dude! [Eek!] [Eek!]

It's times like this I like to see a copy cat!
 
Posted by brackep on :
 
frankfurt listing:

http://www.boerse-frankfurt.com/pip/dispatch/de/pip/private_investors/home?activ e=overview&module=InOverview_Equi&wp=US29666R1041&wplist=US29666R1041&foldertype =_Equi&wpbpl=ETR
 
Posted by tmanfromtexas on :
 
Amen Boodog, AMEN!!! TMAN...
 
Posted by brackep on :
 
Posted by: Allinxxl1968
In reply to: ratso1 who wrote msg# 40313 Date:5/14/2007 9:53:44 AM
Post #of 40328

I got the same e mail whats the big deal?

cashnowcorp*cashnow.com wrote:

Hi XXXXXXXXXXXX;

We have a new writer on staff and he was told to write a standard “boiler plate PR” that companies issue when they complete the 504 financing. On his own accord he decided to change a few words which just came to our attention now. In summary a 504 rule financing means that the company issues restricted stock that accredited investors can turn into free trading after a certain period of time which they must hold their stock and they must register the stock in their state and only sell it in their state. If you go to the SEC site it explains in detail the process etc. I know the writer wrote "In order to properly fund much of our expansion into new financial products and services, we sold shares under this rule of exemption," . This is not correct. 504 stock can not be sold by the company as there are rules who can buy 504 stock. I know the bashers must be just having one hell of a good time with this one, but we can not do a retraction as eventually this 504 stock will become free trading. The financeers assure us that they are still holding on to that stock as longs.

Lastly, the downward pressure on the stock this past week is not because of this 504 financing. It has come to our attention that it is a large shareholder that has assigned their stock to some quasi hedge fund.

I will ask Garr to post this in the TOWN HALL for everyone’s reference

Regards
 
Posted by brackep on :
 
30 million + shares traded, all buys at ask!
 
Posted by brackep on :
 
40 million + and counting, going nicely !!! ALL AT ASK!!!
 
Posted by brackep on :
 
bid building

0.0004(2) * 0.0005(2)
 
Posted by brackep on :
 
50 mill +
 
Posted by brackep on :
 
almost 70 mill
 
Posted by brackep on :
 
b a uptick

0.0005 * 0.0006
 
Posted by brackep on :
 
up 50 %, 70 mill volume, last: 3 mill buy at ask 0.0006
 
Posted by brackep on :
 
EFGO nearly 80 mill traded so far! ready to uptick again ?
let's blow thru the 6'sssss

go EFGO
 
Posted by brackep on :
 
EFGO 85 mill + !!!!!
buys are coming in!
6's are about to fall
 
Posted by BooDog on :
 
what is ubss doing? lol

this is nuts. 95.7m already
 
Posted by kermit42 on :
 
IMO, BRGE represents a huge seller at .0006. We'll need another 20 or 30 million to bust it, but when we do, this will move much more smoothly.
 
Posted by BooDog on :
 
not getting mine!
 
Posted by thesource on :
 
Its about time it starting doing something other than dropping .
 
Posted by madmoney on :
 
with 6+ BILLION shares out and 11 BILLION authorized how high do you think this can go?!!
 
Posted by BooDog on :
 
To da moooon!

[Eek!] [Big Grin] [Eek!]

it's like prudential... only with this evryone in the world can have a couple pieces of the rock
 
Posted by tmanfromtexas on :
 
USXP went to 4 cents last year with about the same share structure. Just my 2 CENTS. lol. TMAN...
 
Posted by IceCold on :
 
If this goes to 4cents; I can afford a Mansion in Miami ; ( Nothing wrong in dreaming ) .... Else my few thousand dollars are going to Hell ( not a big deal! )
 
Posted by mindspin311 on :
 
Back to 0004x0005. No surprise really. Let's hope the numbers are good tomorrow and this goes up big.
 
Posted by kermit42 on :
 
Word is BRGE is off the ask (at least 10 million shares earleir than I expected). If we get volume into the close, we should hit .0007.
 
Posted by BooDog on :
 
looks like eturd is holding at 6. good call on brge kermit~ don't think i'll miss them. ubss must have something besides 1k at .0007 sup wit dat?
 
Posted by BooDog on :
 
UBSS 0.0006 1 14:47:03
ETRD 0.0006 100 14:06:05
BRGE 0.0006 100 14:56:19

gonna be here a bit looks like.
 
Posted by kermit42 on :
 
dadgummit!!! BRGE back.

You're right Boo, we need a good filing tomorrow to blow past these 6's.
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Announces Listing on the Frankfurt Exchange)


LAS VEGAS, NV, May 15, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased
to announce that it has obtained its listing on the Frankfurt Exchange.
TheCompanyhas been given the ISIN number: US29666R1041 and is trading under the
ticker symbol GZW.The move will allow the Company to broaden its base of shareholders by
reachingtothe international investment community. Cross-border listing is a proven
andeffectivevehicle for increasing demand by overseas retail investors, who
currently invest in U.S. equities. In addition, there are very favorable
taxlawsfor German investors who invest their own currency and hold securities
longer than twelve months.With the continuing expansion of Esprit's field of operations taking on a
veryinternationalperspective, this presence will work in a synergistic manner with
our anticipated growth in sales from international markets.The Company will be engaging European based Investor Relations
professionalswithlocal market experience in promoting awareness of small and micro-cap
businesses. Esprit CEO Garr Winters advised, "Our intent is to build the
depthofour shareholder base. The best resource for the task is a company with a
proven track record building awareness for small and micro-cap clients
with duallistingsin the U.S. and Europe. Our financial advisors for the European market
have pulled together a short list for our evaluation, with the objective
ofbuildingbuy-side demand."

In other Company news, Esprit will be releasing its financial statements
todayduringtrading hours. Garr Winters noted, "We had planned to release our
quarterlies this morning. However, there has been a slight delay due to
someproceduralchanges recently instituted by the Pink Sheets."

About the Frankfurt ExchangeAccording to exchange data at their website, 45 percent of Europe's top
300companieshave their primary listing on the London or Frankfurt exchanges. The
Frankfurt Stock Exchange (FWB) is by far the largest of the eight German
stockexchanges.It ranks third in the world behind NYSE and NASDAQ. Since the launch
of Xetra, its electronic trading platform, it has offered its clients not
onlyfloortrading through brokers but also fully-electronic trading facilities,
whereby orders from any point in the globe are automatically inputted into
theorderbook on the central computer. The FWB was founded over four hundred years
ago in 1585. The FWB is operated by Deutsche Borse AG.About Esprit Financial Group Inc.

Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public
companyengagedin a diversified number of online financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, andcontinuesto develop the most comprehensive menu of services in the cash advance
industry and will retain the Cash Now brand for many of these services.Operationsinclude licensing of a comprehensive suite of Internet-based payday
loan and check cashing software and private label back end office systems
forthesub prime market, under the Cash Now banner www.cashnow.org. The Company
also operates www.cashnow.net, which generates leads of consumers looking
forpaydayloans on behalf of our licensees. The company's proven business model
comprises operations in the U.S. and Canadian markets as well as several
foreignmarkets.Additionally, the Company's website is the most advanced payday-lending
portal, offering key insight to clients and potential clients alike.Forex: Additionally, the Company's Forex Trading division offers an
innovativelow-costonline Forex trading service at www.cashnow.com. The Company acts as an
Introducing Broker for Advanced Markets, Inc., and is targeted to serious
daytraders.All transactions are handled on a streaming pass-through basis. There
is no trading desk, and no manipulation of quotes that lag the actual
interbankmarket.Importantly, traders can continue to trade actively even during volatile
periods that result from major news events of publishing of market
reports.Advanced Electronic Funds Management: The Company's Advanced Electronic
FundsManagement(AEFM) division offers Cash Now Check 21 - an advanced checking
clearing service that can significantly reduce holdback periods by bankinginstitutions,particularly valuable for international markets. Its EM2
(Electronic Money Management System) product is a comprehensive e-wallet
capableofmanaging multiple bank accounts, remitting funds worldwide and provide
banking capabilities to consumers without requiring that they have a bankaccount.Structured Debt Resolution: This division will offer services that allow
banks,financialinstitutions and other creditors to invite defaulted clients to
negotiate a settlement online, in a neutral and non-confrontational
manner,bypassingtraditional collection calls and mail delivered notices of default.
 
Posted by MichaelAdamGreen on :
 
back to da moooooooooon
 
Posted by dalton05 on :
 
NUMBERS - YESSSSSSSSSSSSSSS

News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases
Financial Statements for 1st quarter 2007)


LAS VEGAS, May 15, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit
FinancialGroupInc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com released its
quarterly financial statements today.The Company made significant progress in the last quarter of 2007, showing
a netprofitof $2,753.00 versus a loss in the previous quarter of $168,409.00, an
improvement of over $170,000.00. Income increased by 25% in the current
quarter.The net profit includes $40,000.00 in accrued development costs. On an
adjustedbasis,profit, excluding planned web development, would be $42,753.00, or about
$.07 cents per 100k shares outstanding.With a commitment to running a lean operation, the monthly burn rate
(operatingexpenses)has also been reduced by about 28%. Key savings have been achieved in
rent & utilities and salaries, wages and benefits partially offset byoutsourcingwebsite development. The savings achieved are in excess of
$70,000.00.Cash on hand increased by $523,307.00 from $342,208.00 to $865,515.00, due
tocertainrecently announced financing activity and the sale of the Global-Vision
company.Importantly, the current revenue run rate is adequate to maintain ongoing
operations as an ongoing concern.Esprit CEO Garr Winters commented; "This is a first step for us, as we
move theCompanyforward towards our goal of providing a diversified portfolio of
Internet enabled financial products and services. The first quarter
results donotinclude the revenue streams of any of our new divisions. We do not foresee
a
major impact on revenue immediately, but do anticipate gradual and
significantgrowthof top-line revenue through the rest of the year as the new products and
services go live and begin to ramp up to full operation. In short, we have
a
stable base, and envision continued long-term growth moving forward. Our
strongcurrentasset position gives us the ability to execute on our long-term
strategic plan without delays".Winters added; "We are currently putting some realistic numbers together
on apragmaticbasis to generate revenue targets. This will require some serious
analysis, as many of the contracts being developed can have a significant
impactonoverall revenue. Realistically, we won't close every deal we're working
on.Ourapproach will be to err on the side of caution. We hope to be able to
provide more detailed guidance in the near future".The financial statements are available for download at the corporate
website ontheTown Hall page http://espritfinancialgroup.com/Forum.html and are
currentlyinthe queue to be posted to the Pink Sheets, where they should be publicly
available shortly.About Esprit Financial Group Inc.

Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public
companyengagedin a diversified number of online financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, andcontinuesto develop the most comprehensive menu of services in the cash advance
industry and will retain the Cash Now brand for many of these services.Operationsinclude licensing of a comprehensive suite of Internet-based payday
loan and check cashing software and private label back end office systems
forthesub prime market, under the Cash Now banner www.cashnow.org. The Company
also operates www.cashnow.net, which generates leads of consumers looking
forpaydayloans on behalf of our licensees. The company's proven business model
comprises operations in the U.S. and Canadian markets as well as several
foreignmarkets.Additionally, the Company's website is the most advanced payday-lending
portal, offering key insight to clients and potential clients alike.Forex: Additionally, the Company's Forex Trading division offers an
innovativelow-costonline Forex trading service at www.cashnow.com. The Company acts as an
Introducing Broker for Advanced Markets, Inc., and is targeted to serious
daytraders.All transactions are handled on a streaming pass-through basis. There
is no trading desk, and no manipulation of quotes that lag the actual
interbankmarket.Importantly, traders can continue to trade actively even during volatile
periods that result from major news events of publishing of market
reports.Advanced Electronic Funds Management: The Company's Advanced Electronic
FundsManagement(AEFM) division offers Cash Now Check 21 - an advanced checking
clearing service that can significantly reduce holdback periods by bankinginstitutions,particularly valuable for international markets. Its EM2
(Electronic Money Management System) product is a comprehensive e-wallet
capableofmanaging multiple bank accounts, remitting funds worldwide and provide
banking capabilities to consumers without requiring that they have a bankaccount.Structured Debt Resolution: This division will offer services that allow
banks,financialinstitutions and other creditors to invite defaulted clients to
negotiate a settlement online, in a neutral and non-confrontational
manner,bypassingtraditional collection calls and mail delivered notices of default.
 
Posted by dalton05 on :
 
Finally a pinkie that gives us some numbers------
To da Mooooooooooooooon
 
Posted by tmanfromtexas on :
 
And a net profit. TMAN...
 
Posted by madmoney on :
 
" The net profit includes $40,000.00 in accrued development costs. On an
adjusted basis,profit, excluding planned web development, would be $42,753.00, or about
$.07 cents per 100k shares outstanding." ----- thats .0000007 per share!! WOW! LOL!!!
 
Posted by dalton05 on :
 
Atleast they gave us some numbers.They are trying which is a good thing.
 
Posted by tmanfromtexas on :
 
better than being in the red. The plus is that they went from a negative to a positive net. TMAN...
 
Posted by mindspin311 on :
 
Better numbers than I expected. I thought they'd be in the red again, but this is great.
 
Posted by dalton05 on :
 
I don't know what's holding this back but this will move soon.
 
Posted by BooDog on :
 
quote:
Originally posted by madmoney:
" The net profit includes $40,000.00 in accrued development costs. On an
adjusted basis,profit, excluding planned web development, would be $42,753.00, or about
$.07 cents per 100k shares outstanding." ----- thats .0000007 per share!! WOW! LOL!!!

sticking it out there like a big fat sore thumb shows that they have a clue of where their goals should be imo. I literally rolled my eyes [Roll Eyes] good to see an improvement but with this share structure they have to know what they're up against.
 
Posted by kermit42 on :
 
FWIW, that's a typo. The math shows .07 per 10K, not per 100K

Either way, what matters is they are already in the black when their revenue streams have barely begin to flow. They will be pulling in millions by the next 1st Q (of course, they won't be pink by then so the "stinky pinky" rule will not have been broken).

P.S. to BooDog: I bet those .0004's are looking pretty good right about now.
 
Posted by BooDog on :
 
Cheers kermit [Cool] Wish i would have caught this back at .0001!!
 
Posted by madmoney on :
 
quote:
Originally posted by kermit42:
FWIW, that's a typo. The math shows .07 per 10K, not per 100K

Either way, what matters is they are already in the black when their revenue streams have barely begin to flow. They will be pulling in millions by the next 1st Q (of course, they won't be pink by then so the "stinky pinky" rule will not have been broken).

P.S. to BooDog: I bet those .0004's are looking pretty good right about now.

checked that math, could be a typo allright, so the earnings per share would jump to .000007 not .0000007 LOL!! I cant beleive this is a serious play! you guys GOTTA KNOW the ONLY way this will EVER get off the pinks OR reduce the O/S is to R/S the stock!. it`s a no brainer! an R/S is comming, just a matter of time! it may run or it may not but it WILL R/S sooner or later!!! dont get caught holding the bag! GLTA!!
 
Posted by BooDog on :
 
Cheers Mad. It's just another pink imo. Plan your plan and stick to your plan.
 
Posted by tmanfromtexas on :
 
Thanks for the stock tip mad. lol Whether this is a POS or the greatest thing since sliced bread is really irrelivent to me, all that matters is that I make money and that is what I plan on doing with stock AGAIN. TMAN...
 
Posted by brackep on :
 
In case you guys did not notice yet, we are on frankfurt with ticker symbol GZW.F

http://finance.yahoo.com/q?s=gzw.f
 
Posted by brackep on :
 
********.com: Daily Market Movers Digest Report for Wednesday May 16th, EERG, FAPB, SPNG, AMHD, EFGO

May 16, 2007 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch today includes Eternal Energy Corp (OTCBB: EERG), Factory Point Bancorp (OTCBB: FAPB), Spongetech Delivery System (OTCBB: SPNG), Amelot Holdings Inc (OTC: AMHD), Espirit Financial Corp (OTC: EFGO)
Visit http://www.********.com to register for our FREE Daily Market Mover's Digest Newsletter, & Stock Alerts.

...

ESPIRIT FINANCIAL CORP (OTC: EFGO) "Up 16.67% on Tuesday"

Detailed Quote: http://www.********.com/quotes/EFGO.php

Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.

...

SOURCE URL: http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5 Cmt%5C2007%5C05%5C16%5C93381930.html%26clientid%3D168%26provider%3DM2_COMMUNICAT IONS&symbol=EFGO
 
Posted by brackep on :
 
Esprit Financial Group, Inc. (EFGO) Announces Plans To Meet Pink Sheets Disclosure Categorization
Thursday May 17, 6:00 am ET


LAS VEGAS, May 17 /PRNewswire-FirstCall/ - Esprit Financial Group, Inc. (PINK SHEETS:EFGO.PK - News) announced today that it has begun the process of becoming a Pink Sheets Disclosure Categorization compliant company which Pink Sheets is scheduled to begin in August 2007 http://www.pinksheets.com/about/pr_042407.jsp
ADVERTISEMENT


"Esprit management sees this as an opportunity to allow it to have a greater investor audience, further its strategic goals and enhance shareholder value," says Garr Winters, CEO of Esprit. "We have the infrastructure in place to make this move and I believe it is an important step for us to take as we begin to execute the early phase of our strategic business plan. Pink Sheets has instituted this disclosure categorization policy and we want EFGO to be one of the first companies to meet these guidelines. Our legal department has already began compiling relevant data that we will upload to the pink sheet site as soon as it is compiled well ahead of the August 2007 deadline so that this information will be made available to the public and our shareholders."

Esprit has always desired to remain fully reporting, although past circumstance made this impossible with the business interuptions in 2005. The Company has subsequently taken extraordinary steps to remain transaparent in its activities to ensure shareholders and other stakeholders were well informed of the Company's activities.

As Esprit continues to roll-out its new international financial service products, particularly in the Advanced Electronics Funds Management and Forex Trading divisions, Esprit will increase its profile within the financial community, both for financial services as well as retail investors. Becoming fully compliant will reinforce the Company's credibility and enhance its reputation.

This immediate initiative is a first step as far as becoming fully reporting and participating in the top tier of the Pink Sheets OTC market.
 
Posted by mindspin311 on :
 
This is wierd... back to 0004x0005 like clockwork, then 0006x0007 a few minutes later.. Maybe some great PR is coming.. Can't explain the jump on this one with no news.
 
Posted by kermit42 on :
 
Huge news on Pinksheets (can't copy their pdf file for some reason).

Agreement in principle (yeah, yeah) with a major consortium of Chinese banks. 7-15 year deal, expected revenues of 3-10 million a year.
 
Posted by mindspin311 on :
 
ask up to 0008.. [Big Grin] Maybe this is finally on it's way to the moon, or at least the 2nd floor ;-)
 
Posted by kermit42 on :
 
The deal appears to make EFGO the Chinese Paypal!

PUMP PUMP PUMP!!!
 
Posted by mindspin311 on :
 
I hope this is real, and not a fake PR. The fact that it's scanned makes me wonder.
 
Posted by Gary59 on :
 
I dont see any new news other than the one that came out this morning at 6:00 AM,
 
Posted by mindspin311 on :
 
Damn.. order didn't fill to sell at 0007. Just my luck. Looks like this is on its way back down again.
 
Posted by mindspin311 on :
 
http://www.pinksheets.com/quote/finance.jsp?symbol=efgo under home country news report
 
Posted by mindspin311 on :
 
10,000 sold, 490,000 to go lol
 
Posted by mindspin311 on :
 
Out for half of my shares. Let the 500k ride. Hopefully we see this on yahoo finance, and it should go up a bit more. If not, back to 0004x0005 soon imo.
 
Posted by mindspin311 on :
 
anyone find this pr anywhere but pinksheets?
 
Posted by dalton05 on :
 
good volume in the last hour
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group, Inc. (Pinksheets: EFGO.Pk)
Announces Agreement in Principle with International Express Payment Corp.
Serving Over 20 Chinese Banking Institutions)


LAS VEGAS, NV, May 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup, Inc. (PINK SHEETS:EFGO.PK) announced today that it has signed
an Agreement in Principle with International Express Payment (Jiangxi)
Corp.Espritis to provide advanced electronic funds management services (EM2) to
Jiangxi's current customer base and its network of over 20 Chinese-based
banks.Jiangxi operates a proprietary Chinese based "closed loop payment system"
whichworkssimilar to a Paypal(TM) type online payment service. Jiangxi, currently
has contractual agreements with 21 Chinese based banks, providinginternet-enabledpayment systems, on their proprietary closed loop payment
system. This current closed loop payment system provides services
restricted tomemberbanks and merchants whose customers subscribe to Jiangxi system.
Currently, services are limited to electronic funds transfer within this
closedloopsystem.

With this new Agreement, Esprit will greatly expand Jiangxi's service
capabilityfroma 'closed loop' to an 'open loop' system that can access a much larger
poolofinternational banks and financial institutions. Esprit's Advanced
ElectronicFundsManagement products, particularly EM2 and prepaid branded credit and debit
card products greatly add service capabilities in demand by Jiangxi's
customers.WithEsprit's international financial services capabilities, clients will enjoy
a competitive differential advantage versus other China-based 'closed
loop'electronicpayment providers.

The agreement covers current clients as well as any additional banks that
maycomeon-stream to the current closed loop payment system. The partial list of
member banks includes: - Bank of China

- Bank of Beijing - Agricultural Bank of China

- ICBC - China Merchants Bank

- China Everbright Bank - Industrial Bank Co., Ltd

- China Construction BankThe agreement specifies that all revenue derived from this agreement will
bespliton an equal 50%/50% basis between the two parties. Both parties have
agreed that this joint project shall commence immediately on execution of
theagreement.Forward looking revenue projections for this service shows possible
revenue streams on a conservative outlook basis of about 3 million dollarsannuallyto an optimistic outlook of as much as 10 million dollars annually. The
evergreen or recurring revenue stream may have a life cycle for as much as
7 to15years. We plan on posting our forward looking projections of this joint
project in the Town Hall in the near future.Jack Chang, head of the AEFM division, has said "Esprit will deploy our
proprietary EM2 money transfer system onto Jiangxi's existing 'closed
loop'networkproviding a tremendous improvement in service capabilities. Existing
Jiangxi customers will still enjoy all the benefits associated with the
currentsystem,but will now have a greatly expanded number of payment and funds
transfer capabilities on a truly international basis.Esprit CEO Garr Winters notes; "This is the first of many financial
contractswhichwe anticipate signing as the Company moves forward. This demonstrates
proof of concept regarding the capabilities of our new AEFM division
headed byJackChang. Jiangxi has recognized that our capabilities are right at the
leading edge of international funds management, and that there is more to
begainedby working with us on a joint venture basis than by trying to build an
open international funds network themselves".Winters added: "With the 2008 Olympics quickly approaching we realize that
timeisof the essence. We see a huge opportunity and are eager to tap into this
surge of new users. Our agreement calls for a rapid forward implementation
oftheopen loop payment system. Jiangxi has confirmed to the Esprit management
that the member banks will start actively promoting the EM2 open loop
paymentsystemto their customers and Jiangxi will work with Esprit to market these new
service capabilities to Jiangxi's installed customer base.About International Express Payment (Jiangxi) Corp.

Jiangxi is the leading online payment platform in China. Owned and
operated byInternationalExpress Payment Corporation, it utilizes and integrates the world
leading online technology and banking facilities. 21 major banks in China
havesignedpayment agreements with Jiangxi. The company is dedicated to providing
secure and efficient customer services for online payment transaction and
hasestablishedoperational strategic partnerships with these financial institutions
offering online payment services. Jiangxi services currently cover over
2.7billiondomestic and international bank cards.

About Esprit Financial Group Inc.Esprit Financial Group Inc, is a public company engaged in a diversified
numberofonline financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, andcontinuesto develop the most comprehensive menu of services in the cash advance
industry and will retain the Cash Now brand for many of these services.Operationsinclude licensing of a comprehensive suite of Internet-based payday
loan and check cashing software and private label back end office systems
forthesub prime market, under the Cash Now banner www.cashnow.org. The Company
also operates www.cashnow.net, which generates leads of consumers looking
forpaydayloans on behalf of our licensees. The company's proven business model
comprises operations in the U.S. and Canadian markets as well as several
foreignmarkets.Additionally, the Company's website is the most advanced payday-lending
portal, offering key insight to clients and potential clients alike.Forex: Additionally, the Company's Forex Trading division offers an
innovativelow-costonline Forex trading service at www.cashnow.com. The Company acts as an
Introducing Broker for Advanced Markets, Inc., and is targeted to serious
daytraders.All transactions are handled on a streaming pass-through basis. There
is no trading desk, and no manipulation of quotes that lag the actual
interbankmarket.Importantly, traders can continue to trade actively even during volatile
periods that result from major news events of publishing of market
reports.Advanced Electronic Funds Management: The Company's Advanced Electronic
FundsManagement(AEFM) division offers Cash Now Check 21 - an advanced checking
clearing service that can significantly reduced holdback periods by
bankinginstitutions,particularly valuable for international markets. Its EM2
(Electronic Money Management System) product is a comprehensive e-wallet
capableofmanaging multiple bank accounts, remitting funds worldwide and provide
banking capabilities to consumers without requiring that they have a bankaccount.Structured Debt Resolution: This division will offer services that allow
banks,financialinstitutions and other creditors to invite defaulted clients to
negotiate a settlement online, in a neutral and non-confrontational
manner,bypassingtraditional collection calls and mail delivered notices of default.

Safe Harbor StatementInformation in this press release may contain 'forward-looking
statements.'Statementsdescribing objectives or goals or the Company's future plans are also
forward-looking statements and are subject to risks and uncertainties,
includingthefinancial performance of the Company and market valuations of its stock,
which could cause actual results to differ materially from those
anticipated.Forward-lookingstatements in this news release are made pursuant to the 'Safe
Harbor' provisions of the United States Private Securities Litigation
Reform Actof1995. Investors are cautioned that such forward-looking statements involve
risks and uncertainties, including, without limitation, risks relating to
theabilityto close transactions being contemplated, risks related to sales,
continued acceptance of Esprit Financial Group's products, increased
levels ofcompetition,technological changes, dependence on intellectual property rights
and other risks detailed from time to time in Esprit Financial Group's
periodicreportsfiled with the regulatory authorities.

SOURCE Esprit Financial GroupCONTACT: cashnowcorp*cashnow.com, Investor Relations: (416)
619-0397URL: http://www.prnewswire.com
 
Posted by mindspin311 on :
 
Nice. All buys last 30M. Let's GO EFGO!!
 
Posted by dalton05 on :
 
IMHO - this is ready to go way up - good pr"s lately not just fluff like before
 
Posted by BooDog on :
 
OH SNAP! GO EFGO!!
 
Posted by mindspin311 on :
 
Well went back to 0004x0005 after better than expected earnings (I don't think anyone expected profit) so it wouldn't surprise me for this to head back down next few days, but maybe this jump sticks. Hoping for the best.
 
Posted by kermit42 on :
 
If this doens't run like wildfire in the next few days, then there's massive shorting or dilution going on. Even with this share structure, EFGO has no business being a triple zero stock.
 
Posted by 5times1 on :
 
There are some huge buys going on at 8, now I'm kicking myself for not jumping in at 5 this morning
 
Posted by 5times1 on :
 
9's start rolling in
 
Posted by dollar13 on :
 
[Eek!]
 
Posted by tmanfromtexas on :
 
Just got back in to see this information. It is posted on TDA. Quite the nice way to end the day. I wish I would have bought more at 5. Oh well. TMAN...
 
Posted by brackep on :
 
go EFGO [Smile] [Smile] [Smile]
 
Posted by BooDog on :
 
CASH NOW CORP (Other OTC:EFGO.PK)

Last Trade: 0.0009
Trade Time: 3:59PM ET
Change: 0.0003 (50.00%)
Prev Close: 0.0006
Open: 0.0006
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 0.0004 - 0.0009
52wk Range: N/A
Volume: 463,200,554
Avg Vol (3m): N/A
Market Cap: 523.36K
P/E (ttm): N/A


[Big Grin] [Cool]
 
Posted by tmanfromtexas on :
 
Does anyone know where to find the information on afterhour trades? ie. the letter codes that are printed along with the trades that occur afterhours. There were several trades with EFGO that had an 'F' after the trades. Any help would be appreciated. TMAN...
 
Posted by madmoney on :
 
"F" = Filtered (probable error) ???? --- "T" = After hours trade whose high, low, and last sale are not used in updating trade history, though volume may be. ??? --- I have a " T(f) " legend after those trades. see above definitions from Etrade
 
Posted by tmanfromtexas on :
 
Thanks Mad...TMAN...
 
Posted by BooDog on :
 
possible gapper. nice white candle.

 -
 
Posted by brackep on :
 
EFGO ON WATCHLISTsss:

******.com: ******.com - Watch List for Friday May 18th - EFGO, NTRZ, PTEL

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5 Cmt%5C2007%5C05%5C18%5C93485393.html%26clientid%3D168%26provider%3DM2_COMMUNICAT IONS&symbol=EFGO

********.com: ********.com Stocks to Watch for Friday, May 18th PMCL, STMC, DUSA, EFGO, DWIS, MMCV

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5 Cmt%5C2007%5C05%5C18%5C93485761.html%26clientid%3D168%26provider%3DM2_COMMUNICAT IONS&symbol=EFGO
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
possible gapper. nice white candle.

 -

i should stick to posting the links.

Lookin good!!
[Big Grin] [Big Grin]
 
Posted by brackep on :
 
If we can close in 0.0011-0.0015 range I will be glad!

steady up, that's the way I like!

go EFGO
 
Posted by dalton05 on :
 
I agree Brackep - i would like to see a steady rise instead of going big one day then heading down the next.People hold on when it's a steady rise as oppose to going up big in one day they panic and sell.
 
Posted by brackep on :
 
quote:
Originally posted by dalton05:
I agree Brackep - i would like to see a steady rise instead of going big one day then heading down the next.People hold on when it's a steady rise as oppose to going up big in one day they panic and sell.

indeed
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group, Inc. (EFGO.PK) Announces Plans
to Purchase International Express Payment Corp. (iexpay Jianxi))


LAS VEGAS, NV, May 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup, Inc. (PINK SHEETS:EFGO.PK) announced today that further
discussions with International Express Payment (Jiangxi) Corp. have
resultedintoconsideration of an acquisition of iexpay Jiangxi by Esprit.

Further to the press release by Esprit issued on May 17 2007, Esprit has
agreedtohire founders and principal shareholders Robert Xu and Peter He as of
today'sdatemoving forward. Both Robert and Peter will work in concert with Esprit's
project manager of EM2 Jack Chang to speed up the process of making iexpayJianxian open loop payment system so to enable Esprit to begin generating
revenues at the earliest.Continued in-depth discussions between Esprit and iexpay Jiangxi have
promptedtheparties to consider a friendly takeover of Jiangxi by Esprit. Robert Xu
hassaid"We are very thankful and excited about this opportunity with Esprit, as
weseea huge up side potential for the iexpay Jianxi under the Esprit umbrella.
I'm very impressed with the operations of Esprit and the ability of themanagementof this company"

CEO Garr Winters noted; "Our discussions have proven very fruitful. The
moretimewe spend with each other, the greater the synergies that become apparent.
Through our discussions, both Robert and Peter have recognized the
opportunitieswithinEsprit to further grow.

Winters added; "We will continue discussions through the weekend, and
early partofnext week. The key areas of discussion will now focus on corporate
valuationandconducting due diligence of iexpay Jiangxi. It is anticipated that once
thisdealis consummated, consideration will be a 10% cash and 90% stock
transaction.Thepurchase of iexpay Jianxi is valued at about $ 2,500,000.00 USD.

Esprit will issue restricted shares in exchange for controlling ownership
ofiexpayJiangxi. Mr. Winters added this should put to rest the issue as to why
Esprit increased the outstanding share structure several months ago once
and forall.This needed to be done to allow Esprit to acquire growth opportunities,
andtofurther seek out additional revenue producing opportunities to add to
Esprit's group.In addition, both Peter and Robert commutative remuneration will be pegged
totheperformance and the success of the iexpay Jianxi. Mr. Winters added, in
keeping with Esprit's key management and performance pay structure both
PeterandRobert will be paid $1.00 annually plus favorable stock options".

Although Mr. Xu and Mr. He own a substantial majority of the iexpay
Jianxi.Esprit'smanagement will want to consult with minority shareholders as well, in
keeping with Esprit's good corporate philosophy of open dialogue andconsultationwith all stakeholder groups large or small".

Iexpay Jiangxi is a federally incorporated company in Canada, with
corporateofficesheaded by Robert Hu in Toronto, Ontario, Canada and operational and
programming support offices with approximately 20 support staff managed by
PeterHelocated in Jiangxi, China. Iexpay Jianxi owns several trademarks and
proprietary patents in China of the iexpay Joangi payment system.Winters concluded; "We see tremendous growth opportunities in the Asian
market.Thisdeal will not only provide a solid platform from which to maintain
continued growth within China, but will also provide a very cost-effectivecenterof operations from which we can develop future growth from other Asian
countries. The Advanced Electronics Fund Management division, headed by
JackChang,has previously identified the Asian market as a key geographic center of
operations, and opened an office in Hong Kong. Once this transaction isconsummated,we will move all operations to iexpay Jiangxi's office in China. As
International Express Payment Corp head office is located in Toronto
Canada,theirCanadian operations with Esprit's operations in Toronto should be a
relatively seamless and easy process with little or no business
interruptions.As Monday May 21 2007 is a Federal holiday in Canada, and Esprit will not
haveanopportunity to seek external due diligence of this purchase with Canadian
governing bodies, Esprit management foresees that further guidance
regardingthisacquisition and discussions will not be forthcoming until at least the
middle of next week.About International Express Payment (Jiangxi) Corp.

Jiangxi is the leading online payment platform in China. Owned and
operated byInternationalExpress Payment Corporation, it utilizes and integrates the world
leading online technology and banking facilities. 21 major banks in China
havesignedpayment agreements with Jiangxi. The company is dedicated to providing
secure and efficient customer services for online payment transaction and
hasestablishedoperational strategic partnerships with these financial institutions
offering online payment services. Jiangxi services currently cover over
2.7billiondomestic and international bank cards.
 
Posted by brackep on :
 
this is HUGE news!!!
 
Posted by kermit42 on :
 
Anybody seen a stock that struggled so hard to get out of triple zeros?

EFGO is worth far more than CHNW, yet that hit .002. EFGO can barely scrape out of CHNW's retrace levels.
 
Posted by BooDog on :
 
Dalton!*$ gotta do sumtin about dat word wrap!

lmao
 
Posted by brackep on :
 
I expect a good week for EFGO
 
Posted by brackep on :
 
*********.com Announces Profile Coverage of Esprit Financial Group, Inc.
Monday May 21, 7:00 am ET


DALLAS, May 21, 2007 (PRIME NEWSWIRE) -- John Pentony, Publisher of *********.com, announced today that the web site has initiated Profile Coverage of Esprit Financial Group, Inc. (Other OTC:EFGO.PK - News). Esprit Financial Group (formerly Cash Now Corporation) is a pioneer in the payday loan industry, developing the most comprehensive menu of services in the cash advance industry. The company's proven business model includes licensing its advanced software applications to third parties in Canada, The U.S. and in International markets. Cash Now's Web site is the most advanced payday-lending portal, offering a secure processing 'vault' to manage sensitive financial information, as well as credit adjudication and its core license payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express.
To view the *********.com Profile for Esprit Financial Group, Inc., please visit:

http://www.*********.com/profiles/efgo

About *********.com

*********.com features daily alerts going out three times daily to members. To join our email alert list, please visit:

http://www.*********.com/stocks.htm

To feature your publicly traded company in our alerts, or to discuss our complete services, please contact: John Pentony at (469) 252-3031 or email publisher**********.com. Our services include our Morning, Midday, and After The Bell news releases. Additionally, we profile publicly traded companies on our web site, we do interviews with CEOs or other key executives on our web site, and we have our financial writers cover our companies.

ADVERTISEMENT


Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

Disclosure: Pentony Enterprises LLC expects to be compensated 13,333,333 free trading shares from a non controlling third party for profile coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. It is the policy of Pentony Enterprises LLC to sell all shares of this and any company featured. Anyone considering any company we feature in consideration for free trading shares should consider this.


Contact:
*********.com
John Pentony, Publisher
(469) 252-3031
Publisher**********.com


--------------------------------------------------------------------------------
Source: *********.com; Esprit Financial Group, Inc.
 
Posted by brackep on :
 
13 million volume in first minutes, up 16%
 
Posted by brackep on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Upcoming "Cash Now Card"
Monday May 21, 12:36 pm ET


LAS VEGAS, May 21 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that the international banking arrangements for its prepaid Visa card are now in place with a USA based issuer.
ADVERTISEMENT





Esprit's Advanced Electronic Funds Management (AEFM) management team has completed setting up the banking relationships in the USA necessary to go live with its prepaid Visa Cash Now card. The website, located at www.cashnowcard.com is nearing completion, and currently operating in a Beta format. Even though the site is not live, it has been collecting debit card applicants' contact information from interested consumers. Marketing activities have been restricted to organic search engine placement. To date, Esprit has collected roughly 10,000 opt-in contact details from consumers interested in this product.

Esprit management has projected that the Cash Now Card division should be in a position to attract mid 5 figure to low 6 figure sign up rate (50,000 to 100,000 customers) within the next 18 to 24 months, once the site goes live, and sales and marketing programs are initiated. This product should, by our estimates, be capable of generating about 1.5 to 2 million dollars in revenue on an annualized basis at the end of this time frame. Importantly, customer life cycles average about 5.2 years according to industry experts. This creates a compounding monthly revenue stream as Esprit builds its base of cardholders over the next few years.

Jack Chang, head of Esprit's AEFM division, will be supervising the integration of the issuing bank's Internet enabled back office reporting software, working in concert with the UK processor, Credit Card Solutions UK (CCS). The Cash Now Card program should go live within the next 30-45 days. He also noted: "Esprit's service capabilities went through a due diligence process with our issuing International Banking suppliers. We have been given a green light, and can begin completion of the software interface and back-end reporting systems that will tie into our issuing bank's systems."

Demand for this type of International product is strong. Trends indicate the most sought after payment system applications worldwide are:


- Money Transfer (Remittance)

- Payout (B2B & B2C)

- Payroll

The international prepaid Visa card is a fully functional prepaid Visa card that can be issued to residents of most countries around the world (a similar MasterCard program will be available for U.S. citizens).

The Cash Now Card product features all of the normal benefits of a prepaid Visa card. The Esprit product will feature advanced capabilities that include:


- ATM withdrawals & POS purchases worldwide

- Bill payments, signature-based purchases, mail order, telephone order
and online purchases

- Card-to-card transfer of funds

- Payroll functionality for simplified payroll functionality where
funds can be batch loaded electronically directly to employees with
the Cash Now Visa Card. This is a major benefit for overseas workers
and residents native to less developed countries where employees may
not have full banking benefits.

- Check Cashing - The cashed amounts can be put on the cards. This
approach will minimize the amount and handling of cash at Cash Now
licensees' storefronts.

- Money Transfers - The recipients can be International Debit Card
holders. Money can be card-to-card transferred via the senders'
cards.

Esprit CEO Garr Winters added: "Our AEFM division continues to ramp up operations for our various International financial services on a fast track basis. We are ahead of schedule on a number of products and financial services, and will be able to launch sales and marketing initiatives for some products to bring revenues on stream, ahead of our initial third quarter of this year projections."

In other company news, Esprit Financial Group, Inc. is currently featured at Stock Guru, where a profile and other information may be obtained. To view the *********.com Profile for Esprit Financial Group, Inc., please visit: http://www.*********.com/profiles/efgo.

In closing, Esprit CEO Garr Winters noted: "It has come to our attention that there are rumors circulating in the investment community about a possible reverse split of EFGO stock and an increase of the authorized share structure. I wish to take this opportunity to stress this point yet again, that there are no such plans to do any of this in the foreseeable future. We ask our stakeholders to please check with reliable and official source of information suppliers such as www.pinksheets.com and our corporate web sites or the town hall at www.cashnow.com/espritfinancialgroup. As previously announced we do have an agreement in principle with Jianxi (iexpay.cn) for a revenue sharing relationship and both sides have expressed interest for the Company to be acquired by Esprit. As Esprit had provisioned for this or similar purchases some time ago, there is no impact on the number of authorized shares, and any shares issued related to this acquisition will be in the form of restricted stock, and thus, will have no impact on trading until they are vested. This week we plan to complete our due diligence process of this acquisition and we will continue to report information in a prudent manner.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services.

PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services under the Cash Now banner, www.cashnow.org. The Company also operates www.cashnow.net, which generates leads of consumers looking for payday loans on behalf of our licensees.

Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders.

Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.

Structured Debt Resolution: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.


--------------------------------------------------------------------------------
Source: Esprit Financial Group
 
Posted by tmanfromtexas on :
 
hmmmmm TMAN...
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Announces CEO Interview on ******************.com)


LAS VEGAS, NV, May 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased
to announce that Esprit CEO Garr Winters was interviewed today by******************.com.The Interview covers a wide range of news regarding Esprit, including
plans fortheCompany's various divisions and a perspective on where the Company is
headedoverthe next 12 - 18 months.

The interview reveals that, unlike most Pink Sheet companies, Esprit isoperational,generating revenue, and was in the black for the first quarter of
the year. Even more significant, is the fact that the Company, unlike the
vastmajorityof Pink Sheet companies, has sufficient funds in place to conduct
business and execute its growth plans.It is anticipated that the interview will be made available sometime on
the 23rdofMay at www.******************.com.

With the objective of broadening awareness of Esprit's business
accomplishments,andin order to build the Company's shareholder base, Esprit has engaged
severalInvestorRelations agencies, including:
 
Posted by mindspin311 on :
 
I'll be looking forward to that tomorrow. Got 3 agencies paying attention to them now. [Smile] Let's hope this release tomorrow bumps this back up to the 0008/0009 range without it tanking back down in the days that follow.
 
Posted by BooDog on :
 
get 'r done'!
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Announces Strategic Marketing Alliances for the "Cash Now Card")


LAS VEGAS, May 23, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit
FinancialGroupInc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to
announce that it has reached an agreement in principle with several major
creditcardissuers through their agents for access to their data base of credit card
applicants who have been refused or denied (DRC) regular credit cards.
Esprithasbeen given permission to access and mine the data to solicit new customers
for its Cash Now prepaid credit card products of its Advanced Electronic
FundsManagement(AEFM) division.

These consumers have been denied credit and labeled DRC for various
reasons,rangingfrom poor credit history or negative credit remarks to name a few. The
size of the DRC database is literally millions of credit card applicants.Mr. Winters, Esprit's CEO has said "Simply put, the entire database would
bejusttoo overwhelming for Esprit's needs at this time. We are most definitely
interested in taking on as much as we can handle, in an effort to speed up
ourgoalof 50,000 subscribers. Traditionally the conversion rate of the DRC
applications to prepaid credit cards is quite high, as the applicants
creditdenialnotice from the issuing bank does not resolve the fact that they still
need Visa or a Master Card type services."Esprit prepaid credit card solutions offer credit card applicants advanced
features not usually available on traditional prepaid credit cards. A goodexampleis our ability to offer the DRC client a micro loan through our Payday
Loan division. This feature should enable Esprit to convert a higher ratio
ofapplicantDRC prospects than industry guidelines.

Prepaid credit cards generate excellent margins, and minimal credit risk,
due tothefact that the credit limits of each card are based on funds deposited by
thecardholder.The data mining analysis of the database of DRC clients will be optimized
tosearchfor DRC applicants that would be candidates to cross-market other
financial service solutions from the AEFM portfolio. Many DRC clients may
beinterestedin Esprit's EM2 products that would allow them to transfer funds to
family and relatives abroad. Esprit's financial solutions for this market
are atthevery leading edge of the industry, allowing quick transit times for the
funds and lower transfer fees than options such as Western union.Another important aspect of the Cash Now card prepaid credit card is the
factthatthese products continue to generate a recurring monthly stream of revenue
over extended periods of time. This creates a compounding monthly revenue
streamasEsprit builds its base of cardholders over the next few years, i.e., if
theCompanyadds 500 new customers per month over a period of 12 months, by year-end
there will be 6,000 prepaid credit cards generating monthly income.The fee for use of the DRC data mine is contingent upon the size of the
order,recencyof the applications and other factors and will be paid in cash from
Esprit's operational funds.In closing, Esprit CEO Garr Winters added: "Our AEFM division continues to
rampupoperations for our various International financial services on a fast
trackbasis.We are ahead of schedule on a number of products and financial services,
and will be endeavoring to launch sales and marketing initiatives for some
oftheseproducts ahead of our initial estimates of the third quarter of this year.
The obvious goal is to bring these revenue streams online as quickly aspossible."Esprit management projects that the Cash Now Card division should be in a
position to attract 50,000 to 100,000 customers within the next 18 to 24
months.Thisproduct should, by our estimates, be capable of generating about $1.5 to
$2.0 million in revenue on an annualized basis at the end of this time
frame.Esprit Financial Group, Inc. is currently featured at AudioStocks.com,
*********.com and ******************.com, where profiles and other
informationmaybe obtained.
 
Posted by kermit42 on :
 
PRs, SHME-Rs! This stock is doing nothing for my daily need for drama and speed.

Oh how I long again those few short glorious days of BHUB!
 
Posted by brackep on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Strategic Alliance with Credit Card Solutions UK Ltd.
Thursday May 24, 6:00 am ET


LAS VEGAS, NV, May 24 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has retained the services, and will be working with Credit Card Solutions UK Ltd. (CCS) as part of a strategic alliance to offer foreign denominated debit and prepaid credit cards as well as advanced Electronic Funds Transfers (EFT) to financial institutions in Asia, South America and Africa. Other opportunities may be pursued as they arise.
ADVERTISEMENT


Esprit will pay initial set-up and administrative fees of $75,000 in cash to Credit Card Solutions for provision of the back-end services. Going forwards, CCS will provide management of the processing services and payment system infrastructure for the financial services being offered in these markets.

Jack Chang, head of Esprit's Advanced Electronic Funds Management (AEFM) division has previously worked in collaboration with CCS, providing the added benefit of actual project experience between Esprit and CCS.

Esprit CEO Garr Winters advised, "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."

In other Company news, the PayDay Loans division announced the sale of a new ATM license for the city of Edmonton, the capital of Alberta, Canada with a population base of over 1 million people.

Esprit Financial Group, Inc. is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com. Additionally, Esprit was recently interviewed by Wallst.net. The interview can be reviewed by visiting www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.
 
Posted by BooDog on :
 
Just listened to the interview. Would have been nice to hear more about the share structure. A lot to look forward to in the months to come. They are also working on a debt resolution platform. That could be pretty big if it works out. If they are finished getting rid of the big holders that wanted out and stop diluting this could start to move. Lotta shares out there for sure.
 
Posted by BooDog on :
 
Movin! pinch it!
 
Posted by brackep on :
 
0.0005(2)*0.0007(1)
 
Posted by dalton05 on :
 
For your reading pleasure - more fluff

News for 'EFGO' - (Espirit Financial Group and Credit Card Solutions form
prepaid card alliance)


May 25, 2007 (Datamonitor via COMTEX) -- Esprit Financial Group has
announcedthatit has retained the services and will be joining forces with Credit Card
Solutions UK as part of a strategic alliance to offer foreign denominated
debitandprepaid 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
theback-endservices. Looking forward, Credit Card Solutions will then manage the
processing services and payment system infrastructure for the financial
servicesbeingoffered in these markets.

Esprit CEO Garr Winters commented: "We are continuing to bring operationalcapabilitiesonline within the AEFM division. This specific alliance will allow
Esprit to execute contracts for these services within our targeted
geographicandindustry target markets. It brings the division significantly closer to
generating revenue streams from these particular financial services."URL: http://www.datamonitor.com

Republication or redistribution, including by framing or similar means,isexpressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereonCopyright (C) 2007 Datamonitor. All rights reserved
 
Posted by mindspin311 on :
 
LAS VEGAS, NV, May 25 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) (DBA Cash Now) www.espritfinancialgroup.com is pleased to announce that the new Cash Now Payday Loan software will begin testing in Beta mode on Monday, May 28th.

ADVERTISEMENT

The software company hired to assist in re-engineering and enhancing the existing Cash Now Pay Day advance e5 software platform is completing final programming over the long weekend. Esprit will deploy the beta version of the software on the corporate online demo servers, and will send out an open invitation to the pre registered industry users, to test drive this new and exciting solution.

Mr. Garr Winters, Esprit's CEO, has said "This platform upgrade will enable the Company to transact live real time processing in the various international markets for which it has previously announced licensing agreements, as well as being designed to allow the Company to add new language and currency modules without extensive reprogramming to the core system. Key international markets for expansion of PayDay loan software licensing services include the Asian market - specifically China and Japan. Potential new licensees have been sitting on the fence waiting for the new e5 system to be released before they committed. We see a strong sales potential for this product which results will soon begin to show. For those unfamiliar with Cash Now's e5 system, Cash Now was the pioneer and one of the 1st companies to embrace and introduce the Internet payday advance loans in live or real time access concept. The Trust Vault system, designed developed and managed by the company remains to be the workhorse CSR solution for us and is considered an industry leading utility tool.

Mr. Winter's concluded this mid 6 figure platform upgrade, is within our planned budget and provisioned some time ago. The settlement will be made with our existing operating cash reserves, without disturbing our current authorized and or outstanding stock structure. This is not only a solid investment in our business, but a fundamental infrastructure stepping stone that will not only allow us to remain competitive, increase our revenue and profits, but will also allow us to look at cross-selling the PayDay loan services to prospective clients and through strategic partnerships already under development within the Advanced Electronic Funds Management division."

Esprit's financial forecasters and advisors foresee respectable profit margins for the company over the 3-4 year life cycle of the product.

Esprit Financial Group, Inc. is currently featured at http://www.audiostocks.com. Additionally, a recent CEO interview by Wallst.net. Can be reviewed at

www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.
 
Posted by mindspin311 on :
 
Anyone able to get the interview to work?? Says it's closed.
 
Posted by mindspin311 on :
 
http://www.audiostocks.com/company.php?id=189

This one works
 
Posted by mindspin311 on :
 
"At the most conservative estimates we will be 100 times larger than the original company (CHNW)" ~Garr Winters
 
Posted by brackep on :
 
MORE BANKING NEWS!!!

Esprit Financial Group, Inc. (Pinksheets: EFGO.Pk) Announces Agreement in Principle with Union Bank of Nigeria (Press Release)

Las Vegas, NV, May 29, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, May 29 - Esprit Financial Group, Inc. (PINK SHEETS:EFGO.PK) announced today that the executive committee of one of Africa's largest banking institutions, Union Bank of Nigeria, have given provisional approval for dialogue to move towards contractual agreements for the implementation of a new issuing payment platform.

Esprit's Advanced Electronic Funds Management (AEFM) division will be providing merchant account services, stored value credit and debit cards and international funds clearing services as part of its EM2 service capabilities in conjunction with its credit card financial services supplier, Credit Card Solutions UK Ltd (CCS).

Esprit's AEFM division head Jack Chang will program manage the implementation for Union Bank. It is anticipated that this project could go live as early as the third quarter of this year.

The agreement calls for Esprit to deliver an initial 100,000 stored value cards by August, 2007.

Jack Chang, head of the AEFM division, noted; "We have always maintained that there is a tremendous pent-up demand for advanced electronic funds management services in less developed countries internationally. This is especially true in the African and South American regions. Africa is experiencing a major growth surge, and financial institutions are rapidly adopting new technologies to broaden their service capabilities to attract new customers and cross-sell new services to existing ones. There is strong demand for electronic payment services in the region and continual strengthening of the internet and ATM backbone across both urban and rural areas".

The revenue sharing arrangement between the various suppliers calls for Esprit to receive 1/3rd of net revenues generated through this contract.

Esprit CEO Garr Winters commented; "We're obviously pleased as punch to make this announcement. Things are ramping up fairly quickly in our AEFM division. This contract confirms our business model to go after international markets as a top priority.
Garr added; "Jack is an absolute first rate resource, and we are fortunate indeed to have him onboard. Now that he has the solid financial backing and a management team that can provide marketing and sales support, we're putting the 'pedal to the metal' to close new deals on an accelerated basis. There are a number of exploratory contract discussions that have been ripening slowly and quietly in the background. We're now ready to start harvesting this "low-hanging fruit". ".

In other Company news, Winters explained; "Just so that there is no confusion, this is a separate and unrelated contract from the Chinese Jiangxi deal announced on May 17th, 2007. The due diligence process is taking somewhat longer than originally anticipated. This is actually a good sign, as there is a lot more value in the Jiangxi than we expected. We should be in a position to make our final determination in the next 30 to 45 days on this important transaction.

About Union Bank of Nigeria:
Union Bank of Nigeria Plc http://www.unionbankng.com was established in 1917 as a Colonial Bank with its first branch in Lagos. Today, Union Bank remains one of the best capitalized banks in Nigeria. It has the largest shareholders' funds of N100.500 billion and operates through 379 network of branches that are well spread across the country, all of which are on-line, real time.

Today, the Bank is a leading regional bank in sub-Sahara Africa in terms of its diverse investments across the globe. A glance at the Bank's financial summary reveals its solidity. As at 31st March, 2006, the Bank's gross earnings was was N66.576 billion; profit before tax was N 13.536 billion; total assets was N 667.766 billion; and shareholders' fund was N 100.500 billion.
About Credit Card Solutions UK Ltd
Credit Card Solutions UK Ltd (CCS) (www.creditcardsolutionsuk.com) is a consultancy firm which since early 2005 has been consulting in the area of prepaid debit implementation strategies specifically across the Europe, Middle East and African (EMEA) region, expanding into Asia Pacific and Latin America during 2006. By developing relationships with issuing banks and transaction processors CCS guides its corporate clientele to the most appropriate product offering based on a detailed requirements assessment process and guidance by an internal financial advisory counsel.
About Esprit Financial Group Inc.
Esprit Financial Group Inc www.espritfinancialgroup.com is a public company engaged in a diversified number of online financial services. These include:
? PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org .
? Forex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders.
? Advanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions.
? Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group Inc.
cashnowcorp*cashnow.com
Investor Relations: 1-954-376-8622
 
Posted by MichaelAdamGreen on :
 
.0004???
 
Posted by brackep on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Prepaid Branded Stored Value Card Program for Cruise Line
Wednesday May 30, 6:00 am ET


LAS VEGAS, May 30 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that its first credit card branded stored-value debit card program has been secured to service a major cruise line's employees on an international basis. The cruise line will begin dispersing payroll using the Company's stored-value debit cards to its crew members.
ADVERTISEMENT


Currently, like most international shipping vessels, sailors are paid in cash - typically U.S. dollars - in International Waters. During shore leave, crew members are often required to pay exorbitant amounts to change their U.S. dollars into local currency at merchants in close proximity to their ship, making purchases very expensive. Normal banking activities most people take for granted are also problematic, as transferring funds to family members internationally is expensive and cumbersome.

Esprit, in conjunction with its strategic partners, offers an effective alternative that will greatly benefit crew members. The cruise ship company will load cash value onto a branded stored value debit card. The card will be accepted wherever MasterCard credit cards are accepted. Additionally, funds can be transferred internationally to family members easily via card to card transfers.

These stored-value debit cards look like a typical MasterCard, and benefit from the universal acceptance provided by a major credit card. However, they carry only the stored-value of cash that has been loaded onto the card by the cruise line. There is no credit agreement or monthly billing. The dollar value available is stored on the card, and is depleted as purchases are made. These cards will be accepted at nearly every international destination.

Jack Chang, head of Esprit's Advanced Electronic Funds Management (AEFM) division, noted, "This first contract represents an excellent beginning for our merchant marine stored debit card program. Modern cruise ships often have more crew members than passengers, and the largest ships can accommodate over 3,000 passengers. With several hundred cruise ships worldwide, this represents an attractive market for Esprit".

Chang added, "More importantly, our stored value debit cards represent an ideal solution for the merchant marine market in general. Sailors on cargo ships face the same dilemma as those on cruise ships. According to the 2005 CIA World Factbook, the world total number of large merchant ships (1,000 Gross Register Tons) is over 30,000. This represents a very significant market sector where we will enjoy a 'first mover' advantage."

Esprit's AEFM division will also be pursuing market opportunities in other sectors where its payroll debit card solution can be of benefit. Examples include many manufacturing operations with hourly or casual workers, as well as the agricultural sector where migrant workers are employed.

Esprit Financial Group, Inc. is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com. Additionally, the Company's CEO, Garr Winters, was recently interviewed by Wallst.net which can be reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include:


- PayDay Loans: A pioneer in the payday loan industry, the Company
licenses comprehensive software solutions to industry participants,
under the Cash Now banner at www.cashnow.org.

- Forex: The Company's Forex Trading division offers an innovative low-
cost Forex trading service at www.cashnow.com targeted to active day-
traders.

- Advanced Electronic Funds Management: This division offers a number
of class leading financial services that facilitate a variety of
Internet based international electronic funds transfer and cash
management solutions.

- Structured Debt Resolution: This division will offer streamlined,
cost effective alternative services to facilitate the negotiation of
debt settlement online.
 
Posted by kermit42 on :
 
Another great PR that the market greeted with a yawn.
 
Posted by BIGDAN on :
 
WHEN THIS STOCK WAS CHNW....IT WAS WORTH ALOT MORE...
 
Posted by kermit42 on :
 
There are probably 2X as many shares in the float now as then, but it's also 5X the company it was then.

Hard to understand the action. Still the best long-term hold in pinkyland, but when I bought, it was for a quick flip (tough luck for me).
 
Posted by kermit42 on :
 
Yet another great PR...and the market yawns.

Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Signing of Contract with UNION Bank of Nigeria PLC, Improved Financial Terms for Esprit
9:26a ET May 31, 2007 (PR NewsWire)
Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that the Contract with Union Bank of Nigeria has been signed earlier this week. Additionally, the financial terms of Esprit's participation have been renegotiated to significantly improve Esprit's financial participation.

Earlier yesterday, the Bank announced: Union Bank of Nigeria PLC has signed on a consortium, with the world- renowned electronic banking guru and co-inventor of Automated Teller Machine (ATM), Mr. Jack Chang, as lead consultant. This will enable it to play a leadership role in the transformation of electronic banking in Africa.

The full text of the Bank's press release can be viewed at http://www.guardiannewsngr.com/sunday_magazine/article17 and http://allafrica.com/stories/200705280217.html among other news portals. It will also be posted in the Town Hall page at Esprit's website; www.espritfinancialgroup.com.

As previously announced, Jack Chang will be the project manager for the consortium, The original revenue sharing arrangement within the consortium was to split up revenues between the consulting and service supply parties, with Esprit receiving a 1/3rd portion of the net revenues.

Esprit has renegotiated with one of the consortium members, and has improved its financial participation significantly. The new revenue sharing arrangement will see revenue from these services split on a 2/3rd 1/3rd basis, in favor of Esprit. In exchange, the other consortium member will receive stock options for Esprit Financial stock with a strike price set significantly above the current trading value.

Mr. Jack Chang noted: "We have worked hard to put this agreement in place. I am gratified to have guided this project through to this stage, and look forward to working with the Union Bank of Nigeria team to oversee the implementation process."

Mr. Garr Winters, Esprit CEO added: "This is a great personal breakthrough for Jack and excellent news for our shareholders. This really puts our Advanced Electronic Funds Management division on the map. Under Jack's guidance, the division is well on its way to fulfilling its potential".

Esprit Financial Group, Inc. is currently featured at http://www.audiostocks.com. Additionally, a recent CEO interview by Wallst.net can be reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include:

- PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org. - Forex: The Company's Forex Trading division offers an innovative low- cost Forex trading service at www.cashnow.com targeted to active day- traders. - Advanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions. - Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online. Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group
 
Posted by mindspin311 on :
 
LAS VEGAS, June 4 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com disclosed today that a senior management will be leaving for Russia and China later this week.

The Russian leg of the trip will include preliminary meetings to evaluate opportunities for an open loop payment system for that market, as well as other AEFM services. An open loop system provides access by any merchant and customer, without restriction by banking affiliation. The most notable example of an open loop payment system is Paypal®. The Russian market represents virgin territory for this type of service, as well as many other of the AEFM financial service capabilities.

The Chinese leg will see the Company continuing its due diligence process for the previously announced desire for an acquisition in that region. The trip will allow Esprit executives to review local operations. A number of meetings with potential AEFM clients and strategic partners are key highlights within the travel itinerary.

Esprit CEO Garr Winters explained, "As we continue our due diligence process in China, we continue to discover areas of synergy and opportunity. We are quite optimistic that our planned acquisition of the Asia closed loop firm could represent an ideal partner to begin penetrating the Chinese market, which quite obviously represents a market opportunity too large to label with a simple descriptor. We have the opportunity to enter this market with a local partner and a solid network of business contacts. This will be coupled with a first to market advantage for our advanced financial services. All of our initial groundwork indicates that AEFM's EM2 and related services will be in high demand within this enormous market."

The Company will continue to release updates as they become available, subject to the limitations of an extremely hectic schedule.
 
Posted by brackep on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces the Release of its Quarterly Report (Press Release)

Las Vegas, NV, Jun 4, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 4- Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com has completed its quarterly report, and will be posting it in the Town Hall Forum at the corporate website later this evening. It is anticipated that the report will be uploaded and posted by 5:00PM PST or earlier.

Esprit CEO Garr Winters explains; "This report has been delayed and we apologize that it
has taken this long to complete. On the other hand, I think our shareholders will forgive us based on the results, and the reasons for the delay. As many of our shareholders are aware, we have been making an inordinate number of press releases based on a continuous stream of positive business developments. We have been so caught up in all of these business deals that we simply didn't have a chance to stop and reflect on our accomplishments".

Winters continued; "We will also be issuing forward guidance on business developments within the next week to 10 days".
 
Posted by BooDog on :
 
giddyup!
 
Posted by mindspin311 on :
 
930Est and still nothing posted..
 
Posted by J_U_ICE on :
 
http://cashnow.com/espritfinancialgroup/wp-content/uploads/2007/06/firstquarterr esultsv13.pdf
 
Posted by brackep on :
 
7'ssss
 
Posted by madmoney on :
 
WOW a net profit of twentyseven hundred bucks!!! so that would be .0000000000000000? per share!! they did say share holders would be pleased! LOL!!! [Eek!]
 
Posted by kermit42 on :
 
A pinky making a profit is big news. The amount may be small, but the turn around from the previous quarter is big and should be much bigger in the next quarter.
 
Posted by playtime on :
 
quote:
Originally posted by kermit42:
A pinky making a profit is big news. The amount may be small, but the turn around from the previous quarter is big and should be much bigger in the next quarter.

Some people just don't get it. Sooner or later, folks will get it and then........
 
Posted by madmoney on :
 
quote:
Originally posted by playtime:
quote:
Originally posted by kermit42:
A pinky making a profit is big news. The amount may be small, but the turn around from the previous quarter is big and should be much bigger in the next quarter.

Some people just don't get it. Sooner or later, folks will get it and then........
most of the "turn around" was from the sale of stock and of a shell company, no more shells to sell but with the increase in the A/S to 11 billion shares they will have plenty more stock to sell!! without those two sales they would have been in the red because thier buisness does not seem to be generating much revenue if any! I get it!!!
 
Posted by bowlegtroy on :
 
quote:
Originally posted by madmoney:
WOW a net profit of twentyseven hundred bucks!!! so that would be .0000000000000000? per share!! they did say share holders would be pleased! LOL!!! [Eek!]

It's an EPS of aprox $0.00000026 with the 11 billion A/S (assuming no dividends were paid to any preferred shareholders). I'm sure there is a better calculation than this, but I used Net Income / AS.

I also agree that the 25% increase in revenue is good. However, are they counting the revenue from the sale of the shell as well? If they are, then there is no asset to sell next quarter in order to offset losses, and their net revenue from real business this quarter (not including sales of assets) is actually $30k less, and not $170k more.

I agree the company has potential, but keep a close eye on this. They need substantial rise in sales revenue over the next quarter.
 
Posted by bowlegtroy on :
 
quote:
Originally posted by madmoney:
quote:
Originally posted by playtime:
quote:
Originally posted by kermit42:
A pinky making a profit is big news. The amount may be small, but the turn around from the previous quarter is big and should be much bigger in the next quarter.

Some people just don't get it. Sooner or later, folks will get it and then........
most of the "turn around" was from the sale of stock and of a shell company, no more shells to sell but with the increase in the A/S to 11 billion shares they will have plenty more stock to sell!! without those two sales they would have been in the red because thier buisness does not seem to be generating much revenue if any! I get it!!!
I should ahve read your post here before putting mine up! We see similar things in their posted numbers! HAHA!

Let's hope they don't dilute the crap out of it over the next quarter to pay their bills.
 
Posted by kermit42 on :
 
I just checked out the 1st Q report (again) because I didn't recall them including the sale of stock and the sale of the business in income to get that profit number.

http://cashnow.com/espritfinancialgroup/wp-content/uploads/2007/05/49e78328.pdf

Check out pg 3 of the report. My memory is correct. They did not include either of those items--the small profit reported is from operations, not one-time gimmicks.
 
Posted by BooDog on :
 
third para page 6 ~ check their def of goodwill also imo. not that it matters. these guys are pretty aggressive. we'll see how the next six - eight months go.
 
Posted by BooDog on :
 
giddyup again!
LAS VEGAS, June 6, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that it will be pursuing status as a broker-dealer for its Forex trading division and, in a related move, has appointed Peter Presland as a director of the Company.

Peter Presland is currently responsible for Forex operations based in the Company's Florida office. With significant Forex trading experience, he is in the process of obtaining a Series 3 license for commodities and futures contracts. The Series 3 exam is specific to the futures and commodities market.
It is administered through the NASD testing network, but it is an NFA (National Futures Association) license.

Once completed, Esprit will be qualified as a broker-dealer for Forex trading, which will provide the additional vertical integration that has been a stated objective of the Company.

As previously announced, Esprit has set the objective of acquiring broker-dealer status either through acquisition of an existing broker-dealer or other opportunities. As a licensed series 3 broker-dealer, the Company will have additional revenue opportunities currently not available to it as an Introducing Broker.

The Company has also applied for membership in the NFA. The National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S.
futures industry. They act to develop rules, programs and services that safeguard market integrity, protect investors and help ensure Members meet their regulatory responsibilities.

Richard Sciacchetano, head of Esprit's Forex Trading division comments, "This is an exciting development for our Forex trading capabilities. Our shareholders are familiar with our objective of achieving broker-dealer status. Simply put, this opens up additional revenue opportunities for us. Importantly, this is much less capital-intensive than acquiring an existing broker-dealer, and significantly less complex. It also provides assurance of continuity of operations, given that culture clash and continuity of management is always a consideration in traditional acquisitions and mergers."

Esprit CEO Garr Winters added, "In keeping with our philosophy of finding creative approaches to generate additional value for our shareholders, we will accomplish our objectives in a simple, straightforward manner. We have great faith in Peter, and are glad to welcome him to our Board."

Peter Presland has a long and proven track record in developing companies from start-up to financial success. He has over 35 years of experience in sales and management. Over the past several years he has focused on Forex trading and developed key trading skills and strategies.

Esprit Financial Group, Inc. is currently featured at http://www.audiostocks.com. Additionally, a recent CEO interview by Wallst.net.
can be reviewed at


www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.
 
Posted by brackep on :
 
nice PR, let's hope BRGE stays away today then we could see 0.0008's IMO
 
Posted by bowlegtroy on :
 
quote:
Originally posted by kermit42:
I just checked out the 1st Q report (again) because I didn't recall them including the sale of stock and the sale of the business in income to get that profit number.

http://cashnow.com/espritfinancialgroup/wp-content/uploads/2007/05/49e78328.pdf

Check out pg 3 of the report. My memory is correct. They did not include either of those items--the small profit reported is from operations, not one-time gimmicks.

Ok, I'll eat the brim of the hat for that one. I agree that it looks like they did nto include the sale of the shell in thier PL statement. Thanks for pointing that out!

The dilution is the only major concern for me, but with them using new funds to purchases other companies, even that doesn't seem so bad.
 
Posted by playtime on :
 
Is this the same peter presland?

Peter is Chairman of Total Objects Ltd having previously been Chairman of Rebus Group plc.

His career to date includes time with Arthur Anderson & Co., B.B.D.O Ltd advertising agents, and C.E. Heath plc insurance brokers and underwriters. At Heath at age 34 he was the youngest ever appointed FD rising to Group Financial Director and eventually to Group Chief Executive. Peter is a Chartered Accountant and also has a law degree.


PETER PRESLAND, LL.B, ACA
CHAIRMAN/NON-EXECUTIVE APPOINTMENTS:
2001 - date Ceridian Europe, part of a US$1.2 billion US public group and one of
largest UK payroll and HR solution providers.
Non-executive Director, with a focus on business development.
2002 - date Total Objects Limited, provider of software and services to the insurance
industry.
Chairman and substantial optionholder.
2003 - date Link Interchange Network Ltd, the UK’s national ATM interchange
system, embracing more than 99% of all UK’s ATMs.
Chairman - the first independently appointed Chairman.
2001 -July 2005 Io Risk Solutions Limited, newly created insurance broker providing highlevel
bespoke insurance solutions to major UK and international clients.
Chairman and founder Shareholder; resigned on sale of company.
PREVIOUS CAREER HISTORY:
1996 – 2001 Rebus Group PLC, software and services.
1996 - Group Chief Executive
2000 - Chairman, following sale of Rebus Group to US private equity
purchasers in 1999
1980 – 1997 C.E.Heath PLC, Insurance Brokers and Underwriters.
Recruited as Group Financial Controller.
1981 - Promoted to Group Treasurer
1985 - Group Finance Director
1988 - Joint Managing Director
1990 - Group Chief Executive
1995 - Resigned to lead demerger of Rebus Group PLC
1996 - Transferred to Rebus Group PLC, but remained Non-Executive
Director of C.E. Heath until July 1997.
1973 – 1980 Arthur Andersen & Co and BBDO Ltd
1978 - Audit manager. Also, author of book for Institute of Practitioners in
Advertising on agency costing systems; major assignment for Central
Office of Information on “cost-plus” system.
1976 - Financial Controller of BBDO advertising agency (Andersen client)
recruited to restore financial controls, improve profitability.
Successfully completed in 2 years.
1973 - Joined Andersen as a trainee chartered accountant
CAREER HIGHLIGHTS:
1. Rebuilding Heath broking
In March 1985, promoted to PLC FD at age 34, the youngest ever such
appointment at this time. During 1985/86, Heath suffered major defections
of broking teams and clients, and in mid-86 received an unwelcome bid
from PWS Group.
Personally responsible for defeating that bid by persuading shareholders to
support the alternative £71 million acquisition and merger of Fielding
Insurance. Subsequently completed the acquisition of a number of broking
teams and companies, both in the UK and overseas, including the
establishment from new of Heath’s US surplus lines broking business (now
5th largest wholesaler in US controlling US $1 billion premiums).
UK Retail brokerage income in 1984/85 was £33.5 million. By 1995/96 it
had risen to £126.9 million.
2. Building Heath UK Retail
In 1983, Heath decided to create a UK retail broking division. Personally
responsible for the implementation of that strategy. This was based on a
“buy-and build” approach, acquiring a number of provincial brokers and
culminated in the 1990 purchase of the British and Commonwealth retail
broking interests from the liquidator for £6 million.
In 1994, set up and was Chairman of Premium Search, a 24 hour telesales
broking operation for personal lines business for a net investment of £6
million. This was sold by Heath in 1996/97 for £14 million.
Brokerage income in 1995/96 was in excess of £40 million from 20 U.K.
locations.
3. Strategic shift out of Underwriting
Heath’s underwriting interests in 1986 comprised a major French
underwriting agency, a very substantial Australian underwriting operation,
and a Bermudian financial reinsurance company.
Personally responsible for the sale of the French business in 1987 for £5
million. The remaining businesses were more complex partly because of
their size but also because of specific problems.
The Victorian and South Australian governments effectively “nationalised”
much of the Heath business (workers compensation insurance) in 1985 and
1986, causing a fall in profits from A$20 million to A$5 million. By 1988,
the capital strain was such that the Australian operations were close to
bankruptcy. This business was completely restructured and refinanced,
including new bank debt of A$80 million, which involved protracted
negotiations with the Federal Insurance Commissioner in Canberra. By
1992, I was able to float this business on the Australian Stock Exchange and
to sell Heath’s remaining equity to Winterthur in 1995 for A$108.3 million.
In 1985, the Bermudian reinsurer had been subjected to a much-publicised
US$1.5 billion lawsuit over 3 legal jurisdictions. By 1990, I had been
responsible for successfully defending that action, settling the claims for
only US$3 million and was able to sell the company in 1990 for US$62.5
million to Zurich Re.
4. Creation of Rebus Group
Rebus was created out of the former computer services operations within
Heath, which comprised:
- The UK’s largest payroll and HR suppliers
- One of the insurance markets’ major providers of software and
services.
Personally responsible for the acquisition of the first of these for Heath in
1986 for £8.5 million, based on turnover of £9 million and profits of
£950,000. By 2001, that business turned over £80 million, making £9
million pre-tax.
The insurance software business was started by Heath in 1979/80 and
became my responsibility in 1985. By 2001, that business turned over £45
million.
In 1996, I created Rebus Group PLC by putting these IT businesses together
and demerging the combined businesses as a separate listed company, with
turnover of £60 million and operating profits of £6.1 million. By 1999,
when Rebus was taken private and delisted, turnover approached £110
million with operating profits around £11 million.
5. Creation of Shareholder value
In April 1996, the Heath share price traded at 150-160 pence. On the
demerger of Rebus, Heath went to 100 pence and Rebus opened at 98 pence,
a near 30% gain.
I remained a NED of Heath at the request of the advisers to assist in the
negotiations that led to an MBO sale of the remaining insurance broking
business. This involved taking responsibility on behalf of the Board and I
successfully secured 143 pence per share (£110 million) from the MBO
team.
In early 1999, I negotiated the sale of Rebus to US private equity purchasers
for 182 pence per share (£180 million). The company was delisted in April
1999.
As a result of this series of transactions, Heath shareholders in April 1996
doubled their investment value over the 3-year period.
PERSONAL DETAILS:
Born: 5th April 1950, Rochester, Kent, UK
Married, 5 children
School
Sir Joseph Williamson’s School Captain 1968/9
Mathematical School 9 ‘0’ Levels, 3 ‘A’ Levels
Rochester, Kent
University
King’s College, London Law Degree 1973: LL.B.(Hons.)
Professional Qualifications
Chartered Accountant (A.C.A.)
Other
Member of Worshipful Company of Insurers
Freeman of the City of London
Fellow of Institute of Directors
Fellow of Royal Society for Arts, Manufacturers and Commerce
Governor, Sir Joseph Williamson’s Mathematical School
Lord’s Taverner
 
Posted by kermit42 on :
 
quote:
Originally posted by bowlegtroy:

The dilution is the only major concern for me, but with them using new funds to purchases other companies, even that doesn't seem so bad.

I'm in full agreement with you here--I suspect dilution as well and it is my most serious concern about the company. With BRGE off the ask so far this week, I'm hopful they are done.
 
Posted by bobcat88 on :
 
from the hub, if true this will be a big deal.

Posted by: kindo
In reply to: None Date:6/7/2007 8:55:23 AM
Post #of 47923

For what it is worth...I emailed the TA yesterday and this is the response I received. I was also one of the people who emailed about a month ago and she ( Filomena ) the TA, gave me a low outstanding amount.


-----Original Message-----
From: Filomena Nucaro [mailto:queenfil2004*yahoo.ca]
Sent: Wednesday, June 06, 2007 4:22 PM
To: Eichelser, Thomas
Subject: Re:


The outstanding is 946,404,671.

The company agrees with our total.

Thank you,
Filomena

"Eichelser, Thomas" <teichelser* XXXXXXXX > wrote:


Filomena,
I emailed you about a month ago about the outstanding shares for EFGO. I was just wondering if there was any change and how accurate are the numbers you have because they seem a bit low.
Thanks
Tom Eichelser
Branch Officer
 
Posted by kermit42 on :
 
It's 400 million more than Filomena was saying a month ago, but it's still a lot less than the 4.4 billion the company has been saying.

Even if you just count the free trading shares, we're still looking at ~2.4 billion.

The company a while ago said that friendly parties were buying big (and erroneously calling it a buyback). Maybe, possibly, hopefully, when you remove those shares from the free trading "float" you get the 950 million number. And, if so, then there is a large short position on this stock.

If so.
 
Posted by dalton05 on :
 
More Fluff for your reading pleasure.

News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Announces New Look for PayDay Loan Business and Cash Now Worldwide)


LAS VEGAS, June 8, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit
FinancialGroupInc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to unveil
its new logos and branding strategies for the Cash Now Service divisions
usingtheCash Now brand name.

The first logo, for the PayDay Loan division, picks up the traditional
yellowandgreen color scheme that has been in use by Esprit, but gives it a more
contemporary look with greater visual impact.The second logo, Cash Now Worldwide, will be used as a general Company
brandlogo,and builds from the recently released EFT+ logo. It updates the previous
logo to reflect the growing international nature of the Company's businessactivities.The Forex Trading division will be the next division to update its brand
presence and style guide, to incorporate the new design language for the
CashNowbrand.

The logos can be viewed at the Company's Town Hall section of their
website,wherea copy of this Press release is posted with the accompanying logos.

CEO Garr Winters notes, "As we have been reviewing our business with the
recentquarterlyreport, and upcoming earnings guidance, we felt that we needed a more
upscale and unified branding presence that would allow us to extend Cash
Nowbrandpresence across all operating divisions, while optimizing the brand name
specifically to each division's branding needs. We are feeling very
positiveaboutthe new look, and hope it will be as well received as our recent new EFT+
branding for the Advanced Electronic Funds Transfer division."Esprit Financial Group, Inc. is currently featured at
http://www.audiostocks.com. Additionally, a recent CEO interview by
Wallst.net.canbe reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.

About Esprit Financial Group Inc.Esprit Financial Group Inc. is a public company engaged in a diversified
numberofonline financial services. These include:





- PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry
participants, under the Cash Now banner at www.cashnow.org.

- Forex: The Company's Forex Trading division offers an innovative
low- cost Forex trading service at www.cashnow.com targeted to active
day- traders.

- Advanced Electronic Funds Management: This division offers a
number of class leading financial services that facilitate a variety of

Internet based international electronic funds transfer and cash management solutions.

- Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation
of debt settlement online.
 
Posted by iwannna on :
 
Corporate Guidance
Esprit Financial Group, Inc.
June 8, 2007
Introduction:
As reported in our Quarterly report, Esprit is making solid progress across its divisions,
and our financial performance has improved dramatically. Some of the new divisions,
like the Structured Debt Resolution division, are still under development, and are targeted
for launch in the third quarter. On the whole, we have established a very solid
foundation. We are confident that we have placed Esprit in a position for excellent
growth within markets that are still in the growth stage of development. It is not often
that a Company can identify multiple market sectors in the early stages of growth, and we
believe that our continued long-term focus on Internet delivered financial services will be
rewarded handsomely as these markets mature,
While it is too early to expect immediate and significant revenue contribution from our
new portfolio of financial products and services, we have conducted strategic planning
sessions recently, and have made what we feel are achievable projections for growth in
the next twelve months.
Corporate Vision:
As disclosed in our quarterly report, we believe that we have vital core competencies in
Internet delivered financial services direct to the consumer market (B2C) as well as
providing enabling financial technologies and services for financial institutions and major
clients (B2B2C). Our divisions reflect the following strategic characteristics:
• Consumer facing (direct or indirect)
• Financial Services
• Internet enabled
• Significant growth potential (particularly in emerging market sectors)
• Innovation in product concept or service delivery
We will continue to consider new business opportunities that fit this mandate and have
compelling reasons for entry in the short-term. However, our primary focus is on rolling
out the new financial services within our current business portfolio.
2
Corporate Developments:
Pink Sheets vs. OTCBB Listing:
As recently reported, we have de-prioritized entry onto the OTBBB. There are several
deciding factors that have guided this decision. Foremost, are some advancements
announced by Pink Sheets® LLC.
1. Limit order protection has been mandated for the Pink Sheets as of July, this year.
There are significant positive implications for Esprit in this decision. These rules,
commonly referred to as Manning, historically applied only to NASDAQ listed
securities and those quoted on the OTCBB. The Manning principles and all the
interpretive guidance thereunder will now apply to those equity securities quoted
on the Pink Sheets.
a. Manning generally prohibits an NASD member from trading for its own
account in a security at a price that is equal to or better than an unexecuted
customer limit order in that security, unless the member immediately
thereafter executes the customer limit order at the price at which it traded
for its own account or at a better price.
b. These principles should provide some additional comfort to shareholders
regarding the potential for manipulation of the price per share my any
market-makers.
2. Pink Sheets is in the process of rolling out Disclosure Categorization as of May.
This will clearly differentiate classes of stock based on a company's willingness to
provide adequate public disclosure to the marketplace. This will create a
meaningful distinction between real companies, such as Esprit, and stocks that
have no real business, just a story and a song and dance.
a. Esprit has submitted the requisite documentation to become a fully
reporting company under the ‘Current Information’ (Pink Checkmark)
category. This means that the Company will meet Pink Sheets Guidelines
for Providing Adequate Current Information, confirmed by a quarterly
letter from an attorney, all of which must be posted on the Pink Sheets
News Service and displayed on pinksheets.com.
b. Disclosure is deemed to be current if it is posted within 120 days of the
fiscal year ended (annual reports) and within 60 days of the quarter ended
(quarterly reports) and interim material events should be disclosed on a
timely basis.
In summary, many of the reasons to move to the OTCBB for greater credibility and
demonstration that the Company is acting to a higher standard of disclosure will now be
accommodated within the Pink Sheets.
In consideration of the fact that the move to the OTCBB would require significant time
and attention of senior management in properly completing all of the requisite forms,
3
management feels that our time is better spent on revenue producing operations rather
than regulatory bureaucracy
M&A guidance:
We will continue to keep an open mind regarding mergers and acquisitions. However,
this will be on an opportunistic basis when a deal is simply too good to pass up. Our
plate is pretty full at the moment and we are focused on managing growth within the
current portfolio of products and services.
PayDay Loan Division:
www.cashnow.org
Esprit’s new software platform is currently in Beta Test mode. We anticipate that it will
come on-stream in the next 30 – 60 days. This has been a major undertaking to provide
greater capabilities and incorporate new technologies that will enhance the operation of
the website.
Specific new features include the ability to easily accommodate a variety of languages
and different currencies, which will allow the Company to develop international markets
at an accelerated pace.
Our revenue guidance is that license sales will achieve a run rate of approximately
$700,0000 within a 12 month period.
Forex Trading Division:
www.cashnow.com
Major development s anticipated within the third quarter is achieving broker-dealer
status. The Company is currently in the process of obtaining a Series 3 license for
commodities and futures trading. We have been preparing the required organizational
4
changes to support the move, so that once our Series 3 license is in place, we will become
a qualified Dealer-Broker.
This will allow the Company greater control over its operations, and provide additional
revenue generating service capabilities.
Concurrently, the Company is in the process of obtaining NFA membership (National
Futures Association), a key industry association that the Company views as a mandatory
achievement.
The Company’s revenue guidance is that the Forex Trading division will achieve a
run rate of roughly $500,000 within the next 12 months.
AEFM:
One of the Key attractions related to our AEFM (Advanced Electronic Funds
Management) division, is that many of the financial products and services represent
recurring and compounding growth.
As an example, as the number of international stored value debit cards grow, our revenue
growth is compounded, and not linear. Each card continues to generate revenue over an
extended period of time that will be measured in years, rather than months. Fixed costs
remain flat. Margins are consistent, and may actually improve gradually in time. Simply
put, many of the AEFM products will become cash cows, essentially self-managing and
spinning out revenue on an increasingly significant basis.
There are a number of deals that have been closed, or are in negotiation. It has been
difficult to assess probabilities and revenue opportunities, especially in consideration of
the fact that any one deal may represent a major impact on revenues for the division.
In addition to all of the financial services previously announced, the Company is reentering
the ATM business, with an eye on international markets. This is a natural
complementary product with which the Company has had previous experience and great
success.
Our best analysis is that the Company will achieve a run rate of approximately $1.8
million within the next 12 month period.
5
Structured Debt Resolution:
Our Structured debt resolution division is still in the software development stage. We
anticipate that the software will be in Beta test within the third quarter, and hopefully
launch within a 4-6 month time frame.
The Company has also been developing marketing techniques and opportunities that will
allow the division to ramp up relatively quickly once it is launched.
Our revenue guidance is that our conservative revenue objective of $25,000 a month
will be achieved within the next 12 months, for a run rate of $300,000.
Summary:
In total, our perspective is that we are very bullish about our prospects moving forward.
We think we will be generating well over $3 million dollars on an annualized basis
within the next 12 months.
These are our stated objectives, and we will be working hard to achieve them. We have a
great team that pulls together as one. We are proud to be able to state that every single
employee believes in our vision, and each and every one is focused on delivering results.
As is our established tradition, we will continue to provide meaningful and important
information wherever and whenever possible.
 
Posted by BooDog on :
 
"Summary:
In total, our perspective is that we are very bullish about our prospects moving forward.
We think we will be generating well over $3 million dollars on an annualized basis
within the next 12 months."

Yeah, I'd like to see that.
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Announces Productive Visit to Moscow)


LAS VEGAS, June 11, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit
FinancialGroupInc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to
announce that senior management has completed its initial rounds of
discussionsinMoscow, and will be pursuing additional talks regarding acquisition of a
small Russian banking entity.The bank currently conducts traditional retail services, from loans to
termdeposits.Interestingly, the Bank is actually registered in New Zealand.

Additionally, the bank has a small trading platform, and management will
bereviewingthe capabilities to use this platform internationally, as well as in
Russia itself.Historically, during the Soviet era, almost all banking was conducted
throughthestate owned bank State Bank (Go-sudarstvennyy bank - Gosbank). Traditional
services we take for granted, such as Checkbooks, credit cards, and otheralternativeforms of payment were not available in the Soviet Union.

Today, the banking sector continues to modernize, and adopt financial
servicescommonin the western world. The opportunity to participate in this high growth
area is an exciting one.Standard & Poor's international rating agency announced last week that it
had; "raised its rating of the Russian banking system for the first time in

five years. It now has a rating of 8 on a scale of 1 to 10, where 1 is the highest rating. S&P credit analyst Ekaterina Trofimova said that
the boost in the rating was due to "the steady high growth of the economy
and other positive macroeconomic changes in Russia."



Esprit CEO Garr Winters advised that "Our initial discussions were
positive. Wewillhave to conduct more due diligence regarding the Bank's operations and
local management, as well as how the bank might provide back-end servicecapabilitiesfor some of our products in the AEFM (Advanced Electronic Funds
Management).Winters further added; "We are having our advisors run through the
regulatoryrequirementsthat must be met in order to consummate the deal. At this point, we
can say we are interested in understanding how we can leverage the bank'scapabilitiesin a complimentary manner to our existing financial service
portfolio, and will keep our shareholders advised as we move forward."The management team is now in China, where it will be pursuing a number of
opportunities in the Chinese market in the upcoming week.Esprit Financial Group, Inc. is currently featured at
http://www.audiostocks.com. Additionally, a recent CEO interview by
Wallst.net.canbe reviewed at



www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421. About Esprit Financial Group Inc.



Esprit Financial Group Inc. is a public company engaged in a diversified
numberofonline financial services. These include:
 
Posted by MichaelAdamGreen on :
 
A decent close of .0008 can we see .001 by the end of the week?
 
Posted by IceCold on :
 
I believe the MM's were just playing to make a good chart .... LoL!

I had my sell order at 0.0007! and It didnt go thru and i was seeing 0.0008 and 0.0009! [Smile]
 
Posted by mindspin311 on :
 
omg, it's slowly going UP!! That's not supposed to happen lol
 
Posted by kermit42 on :
 
Ice--I had a sell at 7 too (was thinking of trying a flip to pick up more shares at 6) and got traded around. And of course it never showed on the ask.

When the 8 and 9 went through, I cancelled the sell--with this jumping 40-80% on only a few hundred thousand shares, there's no telling what's going to happen next.

At this rate, one respectable PR and we will be out of the triple zeros!
 
Posted by IceCold on :
 
Exactly, I was trying to Flip too..... between 7's and 5's!

I have no hope on this whatsoever until they show up some Numbers... They did put up some good PR's but nothing made anyone jump in [Frown] !

So i am just going to flip in and out my 50% of stocks in it... till the next quarter numbers!
 
Posted by brackep on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Pilot Project Of The Worldwide EFT+ Services in China with a Beijing Based Bank
Tuesday June 12, 6:30 am ET


LAS VEGAS, June 12 /PRNewswire-FirstCall/ - Esprit Financial Group Inc.'s (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com senior management team had the pleasure of touring the offices and meeting the staff in the Beijing office of International Express Payment Corp.(IEXPay), as well as touring the recently announced EFGO office space.

The first meeting with a well known Chinese bank, with over 150 branches primarily in the Beijing area, took place today. The initial meeting went smoothly, and discussions suggested that there will be interest in Cash Now Worldwide EFT+ services on a pilot project basis, or the Check 21 clearing service as it is commonly known in the industry.

China clears a very large number of USD denominated checks, and the ability to reduce the time required to clear these checks from several weeks to a mere 3-4 business days struck a very strong chord. Initial analyses suggest the revenue potential from this service alone could reach USD $12 - $15 million.

Esprit has received the first, of what they hope will be several, formal requests for proposal from a previously disclosed financial institution.

Working with IEXPay, Esprit has established the protocols under which Chinese financial services projects will be managed. This will ensure ongoing local management in the powerhouse Chinese market.

The Esprit team was also warmly welcomed by delegations of local businessmen and bankers, as well as local university contacts in a number of social gatherings arranged on Esprit's behalf.

Esprit CEO Garr Winters advised, "We have been extremely warmly welcomed in Beijing. Our hosts have gone out of their way to ensure that Esprit management has been treated graciously, and our itinerary, while a bit hectic, ensures our time here will be as productive as possible. We will continue to provide updates for our shareholders as timely and comprehensively as possible, as we make our way through a hectic week of business meetings."

Winters added, "Negotiations in China follow relatively strict protocols. To respect these practices, we have agreed not to disclose the name of potential bank clients or the project parameters until the results of the pilot project are evaluated. We feel it is important that our shareholders and other stakeholder groups understand these restrictions and appreciate the full potential financial impact of some of these potential deals, even when full details cannot be released as we otherwise might like." In closing Esprit CEO Garr Winters said, "in issuing the forward revenue guidance recently released by Esprit, we took a very conservative outlook on the revenue stream of our Check 21 product line. Pending the return of the pilot project we may have to restate the forward revenue guidance to reflect the aforementioned revenue possibilities."

Esprit Financial Group, Inc. is currently featured at http://www.audiostocks.com. Additionally, a recent CEO interview by Wallst.net. can be reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK) Receives
RFP for an Internet-Enabled Payroll Services for Local Government in
Jiangxi Province)


LAS VEGAS, NV, June 13, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (EFGO.PK), www.espritfinancialgroup.com, received
a Request for Proposal (RFP) today for an online payroll system for
governmentemployeesin Jiangxi Province.

The Esprit senior management team had a very satisfactory meeting today
withlocalgovernment officials, who wish to develop and deploy an online payroll
system wherein government employees could be paid via Internet or at ATM
stylekiosksthroughout the Province. With a population of roughly 65 million people
living in Jiangxi Province, this is a very significant undertaking for
bothEspritas well as the local government.

With a proposed project budget estimated to run approximately USD $40
million,Espritwill be looking for additional strategic private sector partners to fund
development costs and assist with the deployment.The Government officials have requested that the project go forward as a
privately funded initiative, and that the private sector partners willsubsequentlyparticipate on a revenue sharing basis from all transaction fees
generated by the system.Fees would be levied on each transaction using the system, representing a
recurring monthly revenue stream anticipated to run into millions of
dollars onanannualized basis.

Esprit CEO Garr Winters explains: "This type of project represents a
significantinitialinvestment from the private sector, with excellent long-term rewards.
Upon deployment, there will be a Government guaranteed subscriber base,generatinga recurring stream of revenue and account activity on a monthly
basis. Much like a toll-road, employees/government departments will paytransactionfees each time funds are deposited or withdrawn using the online
payroll system."We will be able to put a pretty solid estimate together of payroll
throughputbasedon existing data from the current payroll systems. Additionally, we know
that this project will generate revenues on a long-term basis as the
source ofrevenueis tied to ongoing payroll payments".

Winters added: "This is an ambitious project a little bigger than our
initialexpectationswhen we landed in China. We will be looking to bring the requisite
private-sector funding from strategic partners and capital markets in the
U.S.,orpossibly Europe. We envision putting a consortium together wherein Esprit
will lead the project management process working with our other private
sectorpartnersfor the actual development and deployment process.

"Furthermore, the government requested an approach that could be scalable
androlledout to other Provinces once successfully implemented. Estimating the
long-term potential of a significant rollout is a little like asking 'how
highisup'. The long-term potential is estimated to be in the millions.
Obviously,weare quite excited and see this as wonderful news for our shareholders".

About Esprit Financial Group Inc.Esprit Financial Group Inc. is a public company engaged in a diversified
numberofonline financial services. These include:





- PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry
participants, under the Cash Now banner at www.cashnow.org .



- Forex: The Company's Forex Trading division offers an innovative
low- cost Forex trading service at www.cashnow.com targeted to active
day- traders.



- Advanced Electronic Funds Management: This division offers a
number of class leading financial services that facilitate a variety of

Internet based international electronic funds transfer and cash management solutions.



- Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation
of debt settlement online.
 
Posted by playtime on :
 
EFGO -- Esprit Financial Group, Inc.
Com ($0.0001)
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Receives RFQ for Credit Adjudication Services for Chinese Banks (Press Release)

Las Vegas, NV, Jun 14, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 14, 2007 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com received a Request for Proposal (RFQ) today for a credit adjudication service to be implemented for a group o banks' objectives are to improve the performance of their overall loan portfolio, and reduce the number of loan defaults and delinquent accounts.

With the Chinese economy in overdrive, financial institutions want to maximize the opportunities to service the increasing levels of disposable income, while limiting unnecessary exposure to credit risk.

The group was attracted to Esprit after discovering our capabilities in the Australian PayDay loan market. The Company's Cash Now proprietary 'E5' credit adjudication system was successfully implemented in the Australian market, after being perfected in the North American market. The system includes a quick credit scoring analysis capability that is consumer friendly in terms of length and disclosure requirements, but robust enough to appropriately categorize the level of risk with any given loan application.

Importantly, the system was developed to allow lenders to assess credit risk even in the absence of traditional credit indicators such as loan history, payment patterns, and other third party verification. This is vital in the Chinese context, where financial institutions may not have the metrics and predictive payment behaviour of consumers that is taken for granted in North America.

What impressed the Chinese banks was the proprietary rule-based capabilities of the Cash Now 'E5'credit adjudication system, specifically designed to evaluate risk where there was little or no credit history.

Esprit has developed a method based on the patterns with which customers answer questions about their loan requests to provide sufficient input upon which to base a scientific evaluation, rather than reliance on strictly traditional business techniques. The 'E5' Validity Scale takes most of the guesswork out of the loan approval process.

Garr Winters, CEO of Esprit commented; "We were quite surprised and flattered that the banks were familiar with our success in the Australian market, and were aware of our loan risk assessment capabilities. This may prove to be a very unexpected dividend over and above the original intent of developing our 'E5' system for the PayDay loan industry. We will begin working on a formal proposal immediately upon our return to North America".

Winters added; "We are a little surprised to discover that there is demand for a variety of our service capabilities beyond our initial anticipations. We hope to build strong relationships that will blossom into additional service contracts as the Chinese banking sector branches out to new service capabilities included within our AEFM EFT+ portfolio of products".
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Discovers New Low-Cost ATM Supplier During China Travel)


LAS VEGAS, June 19, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit
FinancialGroupInc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that
it met and entered discussions with a Chinese ATM manufacturer based in
Beijing,forthe supply of ATM units for Esprit's AEFM (Advanced Electronic Funds
Management) and PayDay loan divisions.Currently, Esprit has been utilizing the 3800 series model ATM from Tidel
EasyPoint. On a tour of the Chinese manufacturer, Esprit management
benefittedfromdemonstrations of ATMs with similar capabilities to the 3800 that could be
purchased at a significant discount to the current supply contract that
Esprithasin place.

The ATM industry has mushroomed with rapid growth, surprisingly being
fuelled byprivatelabel industry participants rather than traditional Banking
institutions. For the most part, ATMs in high traffic or high volume
retaillocationsare most commonly serviced by private ATM operators - convenience
store locations, race tracks and casinos are typical highly valued real
estate.The United States now has the largest ATM market, with somewhere between
420,000and450,000 ATMs, in the world. Today, worldwide ATM deployment is estimated
tobe1.5 million, and the market is worth approximately $14 billion per annum,
andgrowingat a healthy clip.

As can be imagined, competition is tough. Given the essential commodity
natureofATM machines, most competitors can easily meet the service requirements of
potential customers. Most relationships have some form of revenue sharing
that'paysthe rent' for the retail location.

ATM machines have long been an established part of Cash Now's PayDay loanbusiness.However, growth opportunities within the AEFM division are very
attractive, especially in foreign markets. With a new supply arrangement
inplacewith our new Beijing manufacturer, Esprit will enjoy a decided pricing
advantage in its sales efforts. With aggressive marketing, this element offinancialservice provisions could show strong accelerated growth.

Garr Winters, Esprit CEO commented, "To be frank, it was an unexpected
bonusfromour trip to China. We will be kicking the tires on a couple sample units,
but it looks like we have just identified a pricing advantage that will
give usaleg up on our competition. ATM service capabilities have broad
applications toawide variety of our potential international client base. This is one more
piece of good news from a hectic week in China."Esprit Financial Group, Inc. is currently featured at
http://www.audiostocks.com. Additionally, a recent CEO interview by
Wallst.net.canbe reviewed at www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.

About Esprit Financial Group Inc.Esprit Financial Group Inc. is a public company engaged in a diversified
numberofonline financial services. These include:





- PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry
participants, under the Cash Now banner at www.cashnow.org.



- Forex: The Company's Forex Trading division offers an innovative
low- cost Forex trading service at www.cashnow.com targeted to active
day- traders.



- Advanced Electronic Funds Management: This division offers a
number of class leading financial services that facilitate a variety of

Internet based international electronic funds transfer and cash management solutions.



- Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation
of debt settlement online.
 
Posted by playtime on :
 
NEWS!!! Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Plans to Wholesale ATM Machines (Press Release)

Las Vegas, NV, Jun 21, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 21 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that it will begin wholesaling ATM machines to the North American market.

Following up on negotiations with a Chinese manufacturer, the Company has assessed the viability of profitably wholesaling ATMs to retail distributors. The Company has traditionally offered turnkey systems to licensees of its Cash Now PayDay loan software.

Esprit now has direct access to manufacturing capability in China and can aggressively compete at the wholesale level, offering significant savings to companies focussed on developing private ATM retail network deployment.

The Company will offer ATMs with packaged software ready for deployment. If desired, Esprit can also provide turnkey systems complete with processing capabilities through its own providers.

The ATM market continues to show healthy growth. Much of this is through private service providers, rather than the traditional banks. Generic ATMs are increasingly available in most high traffic locations. It has been proven that consumers are prepared to pay additional processing fees in exchange for the convenience of not having to hunt down ATMs from their bank's network. As of 2003, private ATMs represented over 64% of all ATMs deployed in the U.S.

As noted by ATM Marketplace.com, "the move from OS/2 to Windows has facilitated change by opening standards and levelling playing fields. No longer locked by proprietary protocols and platforms, financial institutions large and small are leveraging their options to achieve best-of-breed solutions".

Worldwide ATM deployment is estimated to be 1.5 million, and the market is worth approximately $14 billion per annum, and growing. The United States now has the largest ATM market, with somewhere between 420,000 and 450,000 ATMs.

Esprit CEO Garr Winters, notes that; "Our intent is to keep things very simple out of the starting gate. Our positioning will be based on value; offering competitive products at lower prices than traditionally available to smaller private network operators. These units are essentially 'plug and play'. With the increasingly open standards of ATM related software, we believe that in the longer term, we will also focus on becoming a VAR (value added retailer) of different software solutions, which plays to our traditional expertise in Internet enabled financial solutions".

Winters added; "This will be the first short-term sales initiative stemming from our recent trip to China. We think that there is an opportunity to seize market share, as the ATM industry is maturing, and the market will split between high-end ATMs with advanced software capabilities and basic 'meat and potatoes' workhorses that can be deployed quickly and easily. The latter is where we are taking dead aim".
 
Posted by dalton05 on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK)
Announces Acquisition of Check 21 China, Inc.)


LAS VEGAS, NV, June 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com as
previously announced, Esprit's management team visited China in
conjunction withInternationalExpress Payment. (IEXPay).

As a result of the due diligence process, Esprit had the opportunity to
fullyexploreand understand the corporate structure of IEXPAY.

Esprit has decided not to move forward with the acquisition of IEXPay, andinstead,acquire it's sister Company Check 21 China. The Due diligence process
revealed that the busines pursuits of Check 21 China are more in-line withEsprit'scurrent business focus and short-term strategic needs.

Esprit feels that Check 21 China represents an opportunity to deliver
revenue inasignificantly shorter time-frame, with a scalable business model that is
directly variable as the Companies continue to expand the customer base ofparticipatingbanks.

In follow-up meetings with the two sister companies since returning from
China,Espritand Check 21 China have finalized terms of the acquisition, and expect to
close the transaction within a week. Check 21 China will be acquired in acombinationof cash and stock transaction.

The stock will be placed in an escrow account, and delivered in stages as
thebusinessachieves a number of business milestones. This will see the issued
share capital rise from 6.1 billion to nearly 8 billion shares.A follow-up meeting with the Bank of Beijing has been confirmed on July
15th, tobeginimplementing the pilot check 21 program as previously announced. It is
anticipated that Esprit will begin seeing revenue from this endeavor early
inthe3rd quarter.

Garr Winters, CEO of Esprit, commented; "We are delighted to move forward
withCheck21 China. We had excellent rapport with Robert and his colleagues, and
certainly saw the tremendous oppportunities that had been developed by the
team.Thisprovides Esprit with an entree into the Chinese market in a manner that
delivers cash flow and tangible business results practically right out of
thegate".Esprit will post additional information concerning the acquisition on the
TownHallpage of its website, including a more in-depth press release which will be
posted on www.pinksheets.com.About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified
numberofonline financial services. These include:





- PayDay Loans: A pioneer in the payday loan industry, the
Company licenses comprehensive software solutions to industry

participants, under the Cash Now banner at www.cashnow.org - Forex: The Company's Forex Trading division offers an
innovative low-cost Forex trading service at www.cashnow.com targeted to

active day-traders. - Advanced Electronic Funds Management: This division offers a

number of class leading financial services that facilitate a variety of Internet based international electronic funds
transfer and cash management solutions.

- Structured Debt Resolution: This division will offer
streamlined, cost effective alternative services to facilitate the
negotiation of debt settlement online.
 
Posted by J_U_ICE on :
 
PR From Pink sheets

Esprit Financial Group Inc Announces Three US Based Banks Interest In Check 21 Service Options for Chinese Market (Press Release)
Jun 26 2007 11:05 PM ET
Las Vegas, NV, Jun 26, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 27 2008 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that Wachovia Bank, with $706 billion in assets, has expressed interest in providing Check 21 processing services for Esprit's AEFM division both domestically and internationally.

Wachovia joins Herring Bank and Regions Bank in committing to processing Check 21 transactions on behalf of Esprit's client base.

Esprit's AEFM division head Jack Chang commented; "All three US based banks have now committed to doing business with us. While details are not finalized with Wachovia yet, they bring the added benefit of having branches in Shanghai, Taipei and Hong
Kong with representatives in Beijing, and Guanzhou. We will wait to see how the figures work out. Having a front line presence in the Asian market is an important, if intangible, benefit".

As previously disclosed, initial analyses suggest the revenue potential from Esprit's Check 21 service could reach USD $12 - $15 million from the Chinese market alone.

Mr.Chang added; "With plans to return to Beijing on July 15th to initiate the first pilot program, our banking partners are seeing the tremendous opportunity resulting from the recent acquisition of Check 21 China".

Esprit CEO, Garr Winters, added; "Business developments on this front are progressing extremely well. Of course, we must bear in mind that business protocols in China differ significantly from our North American expectations. We are fortunate to have both Jack Chang and Robert Xu in a position to navigate the cultural differences on Esprit's behalf, and ensure that we meet all of the expectations of our clients within the Chinese market".
 
Posted by J_U_ICE on :
 
quote:
Originally posted by J_U_ICE:
PR From Pink sheets
http://www.pinksheets.com/quote/news.jsp?symbol=EFGO
Esprit Financial Group Inc Announces Three US Based Banks Interest In Check 21 Service Options for Chinese Market (Press Release)
Jun 26 2007 11:05 PM ET
Las Vegas, NV, Jun 26, 2007 (Pink Sheets News Service) — LAS VEGAS, NV, June 27 2008 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that Wachovia Bank, with $706 billion in assets, has expressed interest in providing Check 21 processing services for Esprit's AEFM division both domestically and internationally.

Wachovia joins Herring Bank and Regions Bank in committing to processing Check 21 transactions on behalf of Esprit's client base.

Esprit's AEFM division head Jack Chang commented; "All three US based banks have now committed to doing business with us. While details are not finalized with Wachovia yet, they bring the added benefit of having branches in Shanghai, Taipei and Hong
Kong with representatives in Beijing, and Guanzhou. We will wait to see how the figures work out. Having a front line presence in the Asian market is an important, if intangible, benefit".

As previously disclosed, initial analyses suggest the revenue potential from Esprit's Check 21 service could reach USD $12 - $15 million from the Chinese market alone.

Mr.Chang added; "With plans to return to Beijing on July 15th to initiate the first pilot program, our banking partners are seeing the tremendous opportunity resulting from the recent acquisition of Check 21 China".

Esprit CEO, Garr Winters, added; "Business developments on this front are progressing extremely well. Of course, we must bear in mind that business protocols in China differ significantly from our North American expectations. We are fortunate to have both Jack Chang and Robert Xu in a position to navigate the cultural differences on Esprit's behalf, and ensure that we meet all of the expectations of our clients within the Chinese market".


 
Posted by BooDog on :
 
Time sure does fly by quick. Thanks Juice. [Confused]
 
Posted by BooDog on :
 
My news through scottie kept it in 2007, i feel young again lol... [Big Grin] [Big Grin] [Big Grin]


News for 'EFGO' - (Esprit Financial Group Inc. Announces Three US-Based Banks' Interest In Check 21 Service Options for Chinese Market)


LAS VEGAS, June 27, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that Wachovia Bank, with $706 billion in assets, has expressed interest in providing Check 21 processing services for Esprit's AEFM division both domestically and internationally.

Wachovia joins Herring Bank and Regions Bank in committing to processing Check
21 transactions on behalf of Esprit's client base.

Esprit's AEFM division head Jack Chang commented: "All three US-based banks have now committed to doing business with us. While details are not finalized with Wachovia yet, they bring the added benefit of having branches in Shanghai, Taipei and Hong Kong, with representatives in Beijing and Guangzhou. We will wait to see how the figures work out. Having a front line presence in the Asian market is an important, if intangible, benefit."

As previously disclosed, initial analyses suggest the revenue potential from Esprit's Check 21 service could reach USD $12-$15 million from the Chinese market alone.

Mr.Chang added: "With plans to return to Beijing on July 15th to initiate the first pilot program, our banking partners are seeing the tremendous opportunity resulting from the recent acquisition of Check 21 China."

Esprit CEO Garr Winters added: "Business developments on this front are progressing extremely well. Of course, we must bear in mind that business protocols in China differ significantly from our North American expectations. We are fortunate to have both Jack Chang and Robert Xu in a position to navigate the cultural differences on Esprit's behalf, and ensure that we meet all of the expectations of our clients within the Chinese market."
 
Posted by kermit42 on :
 
EFGO -- Esprit Financial Group, Inc.
Com ($0.0001)
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".
About Esprit Financial Group .

Esprit Financial Group . is a public company engaged in a diversified number of online financial services. These lude:
? PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org

? Forex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders.

? Advanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions.

? Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online.

Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, luding the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, luding, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, reased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group

espritfinancialgroup.com**********

Investor Relations: 1-416-619-0397
 
Posted by CashCowDave on :
 
Nice after hour news Friday on PinkSheets site...

should hit bigger wires tomorrow morning..

might as well post it again since I have it
copied in my browser [Smile]

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".
About Esprit Financial Group .

Esprit Financial Group . is a public company engaged in a diversified number of online financial services. These lude:
? PayDay Loans: A pioneer in the payday loan industry, the Company licenses comprehensive software solutions to industry participants, under the Cash Now banner at www.cashnow.org

? Forex: The Company's Forex Trading division offers an innovative low-cost Forex trading service at www.cashnow.com targeted to active day-traders.

? Advanced Electronic Funds Management: This division offers a number of class leading financial services that facilitate a variety of Internet based international electronic funds transfer and cash management solutions.

? Structured Debt Resolution: This division will offer streamlined, cost effective alternative services to facilitate the negotiation of debt settlement online.
 
Posted by playtime on :
 
News! Esprit Financial Group Inc. (Esprit) (EFGO.PK) Provides $250,000 Mezzanine Financing to Global Vision Holdings, Inc (GVHL)
LAS VEGAS, NV, July 5 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce it has provided $250,000 in funding to Global Vision, which is to assist in finalizing the acquisition of International Express Payment (IEXPay).

The funding is in the form of subordinated debt, and carries an annual interest rate of 15%, payable twice a year beginning Dec 31st, 2007. Debt repayments begin March 31st, 2009 at the rate of $50,000 per quarter in 5 instalments.

Additionally, stock warrants have been granted, under the following terms:

- The lesser of $100,000 worth of stock, the face value of the debt
still outstanding, or 5% of the outstanding stock as of December 31st
each year at a strike price based on the average price per share
traded in the previous 90 days.
- The stock warrants can only be exercised once in a calendar year,
beginning June 30th, 2009.

Esprit CEO Garr Winters announced, 'This is a win-win for both companies. As previously disclosed, Esprit has maintained a 23% interest, in GVHL we maintain the upside opportunity to benefit from the long-term potential we see in GVHL and IEXPay while limiting our financial obligations and exposure. The result is that Esprit keeps both deals in friendly and cooperative hands.'

Winters added, 'We had hoped to develop synergies between the two companies to develop complementary financial services within the incredibly attractive Chinese market. We have now made arrangements to share resources such as the costs of travel, China-based operations, and some daily operations. We saw this as a natural fit that Esprit provide this interim funding to accelerate the growth of both companies.'

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include:

- PayDay Loans: A pioneer in the payday loan industry, the Company
licenses comprehensive software solutions to industry participants,
under the Cash Now banner at www.cashnow.org.
- Forex: The Company's Forex Trading division offers an innovative low-
cost Forex trading service at www.cashnow.com targeted to active day-
traders.
- Advanced Electronic Funds Management: This division offers a number
of class leading financial services that facilitate a variety of
Internet based international electronic funds transfer and cash
management solutions.
- Structured Debt Resolution: This division will offer streamlined,
cost effective alternative services to facilitate the negotiation of
debt settlement online.
 
Posted by kermit42 on :
 
That was some volume today, huh? Almost all at 3 whether that was the ask or the bid. A little at 4 and thankfully none at 2.

Can't tell if it was buying or selling (lots of both, obviously), maybe just a changing of the guard before Wednesday's 2nd Q Report.

Looking forward to that shedding some light on what's happening with this stock.
 
Posted by bobcat88 on :
 
Esprit Releases Second Quarter ResultsAug 14, 2007
Pink Sheets News Service

Las Vegas, NV — Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases 2nd Quarter Financial Statements

LAS VEGAS, NV, August 14, 2007 - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has released its second quarter financial results. Revenues for the period increased to over $300,000, while operating profit increased significantly to $110,827.00 versus $2,753 the previous period.

Total net profit surpassed the $250,000 mark.

The financial statements can be viewed on the Pink Sheets at http://www.pinksheets.com/pink/quote/quote.jsp?symbol=efgo#getFilings

Additional management discussion is available at the Company's on-line Town Hall forum, and can be viewed at http://cashnow.com/espritfinancialgroup/

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Online Structured Debt Resolution.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group Inc.
 
Posted by mindspin311 on :
 
0002x0003 after more positive numbers.. Was at least expecting a jump to 7 or 8 to get out of this. Kinda surprised no 1 day jump before tanking tomorrow.
 
Posted by BooDog on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Reverse Merger with Hebei Haorizi Company Ltd, a China based Company)


BEIJING, Nov 28, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) is pleased to announce that it has signed a firm and binding agreement to complete a reverse merger with Hebei Haorizi Company Ltd., a China based company.

The merger, will include both cash and stock together with $5,000,000 in special financing through existing preferred shares and common stock.

Hebei Haorizi conducts business primarily in the Hebei Province China. Haorizi translates to the equivalent of "Good Life" in English. Their Chinese corporate site can be viewed at www.haorizi.com and a new English website has been set up to provide an overview of the two merged companies at www.goodlifechina.com.

The formal press conference and the signing ceremony between Ms. Jongmei Jia and Mr. Garr Winters was held the morning of November 28th, at the headquarters of Good Life in Shijiazhuang China. The event was a major business story in the city of Shijiazhuang and press coverage was carried on Hebei TV, The Hebei Daily News, The Yanzhao Dushi Bao and Hebei radio.


Some of the attendees at the ceremony were;


- Deputy mayor of Shijiazhuang - Zhang Diankui,

- Deputy of the Secretary-General for Hebei Province - Tang hua ming;

- Mr. Chen deputy director of Beijing

- Mr Tang Min Deputy Secretary General

- Ms. Ma Yu Director of State Development Hebei Province


Mr. Johnason Xie, Vice President of Good Life advised; "We have been searching a long time for a suitable merger candidate with which to go public, and we see Esprit as a perfect match with what they bring to the table. Esprit's management team, their existing infrastructure, their technology and experience in my opinion is the best that we have seen period. We have been approached by many public companies and Esprit fits us and our vision like a custom made glove. We see this merger as a WIN-WIN proposition."

Esprit and Good Life management, estimate that the formal completion of the merger will take place as soon as the necessary filings with various authorities are completed, with a date most likely before December 31, 2007.

Good Life is one of the most successful, fastest growing, and most recognizable retail chains of Convenience style stores in Hebei Province, China (population
65 million), with 3 distribution centers servicing its 1,600 locations and over 2,000 merchant suppliers.

"Good life one of the most e-commerce and web enabled companies in China with a very comprehensive and sophisticated back office currently in operation. This is something that Good Life is extremely proud of," added Esprit consultant Mr.
Robert Xu, "and rightfully so. Simply put, Good Life is very good at what they do."

The merged companies will undergo a name change, including a new ticker symbol and CUSIP number prior to December 31 2007.

Good Life has grown at a meteoric rate since it was founded in 1998. It will close the year with approximately 1,600 stores operating under the Haorizi - Good Life retail banner by year's end. Total gross sales through the chain, which is run as a franchise operation, will exceed $100 million USD,

Its five year business plan sees Chinese operations growing to 20,000 stores as it expands geographically to neighboring Provinces.

Current Esprit CEO Garr Winters will step aside after the closing of the transaction, with Good Life founder Ms. Dongmei Jia assuming the CEO role for the merged companies.

Mr. Winters added, "Dongmai Jia is an incredible, amazing and a capable woman, who has put together an impressive organization. The Esprit - Hebei Haorizi union will provide the new management with many tools already in place at Esprit such as the Check21 service and Esprit's sub prime back office utilities such as the Trust vault and the E5 system. With Good Life's infrastructure and revenue stream in place coupled with what Esprit brings to the table this should appease even the worst critics who tend to look at the share value like a slot machine rather then a long term business goal, which we have always maintained we were striving to achieve."

Good Life's advanced e-commerce enabled IT platform and back-office services for its franchised network of 1,600 Good Life convenience stores network will allow for rapid deployment of these services in a short period of time.

Good Life, will utilize Esprit's existing E5 lending system, training and back office capabilities, and plans to role out some of these new financial products together with crop insurance for farmers in its local marketing areas, in the 1st half of 2008.

Esprit CEO Garr Winters said, "We are tremendously excited about this merger, which takes both companies to new heights. Good Life is growing at an incredible pace, and we have been extremely impressed with their business models, as well as their incredible growth rates. I would like to thank all members of our respective teams for their commitment and diligence in making this deal happen.
This merger can best be described as a gold fish swallowing a whale. The sheer size, infrastructure and upside potential of Good Life is simply overwhelming.
In my opinion with this merger firmly in place the sky is the limit for our newly formed company. The opportunities in China are just staggering and with this merger and with Ms. Dongmei Jia in the driver's seat we see a huge upside for the company and our shareholders."

Good Life founder President and CEO Ms. Dongmei Jia has said we are extremely pleased with this merger as well. Although the two companies do business in 2 different countries our services are similar for the sub prime market. We both shared the vision to bring the linked businesses together through modern means of the Internet for the rural development in China. After six months of full time communications, negotiation, and meetings the two sides agreed to cooperate in the reorganization and the merger, believing that the two sides will further expand their business, and achieve even greater development for the benefit of the shareholders. The merger of Good Life with Esprit and our current logistics, business development and rural structures will allow a rapid development of trade and financing channels for the Good Life lending business services in the rural areas. The addition and experiences of Esprit bring us new concepts, a new business model (payday loans) and advanced management techniques for building a greater company and a great organization.

In closing, Mr Winters added, "As our shareholders know, I have another key objective that I would really like to fulfill before I step down. That is to see Esprit up-list to a fully reporting Pink Sheet or OTCBB status. I only have one month left to make that happen, so we will continue pushing the pedal to the metal a bit longer." Winters adds, "I can safely say that we are currently in the final stages of making this up listing happen and we have identified several possible candidates whose proposals we are entertaining at a serious and final level. We also have several other ways to make this up list happen with internal assets of IFGX, however the management plans on reviewing all of its options and those that are the most beneficial to its current shareholders before making a final decision."

Additional news and details will be posted as they become available at; www.goodlifechina.com (English investor relations site) and www.haorizi.com (Chinese corporate site).

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.

About Good Life Group Limited.

Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.'
Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.
Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group


www.prnewswire.com


www.goodlifechina.com almost thought that was gold fish. lol some kind of sushi anyway.
 
Posted by BooDog on :
 
Outstanding Shares
10,296,000,000 as of Sep 4, 2007
Authorized Shares
11,000,000,000 as of May 7, 2007
Number of Share Holders of Record
401 as of Sep 13, 2007
Float
5,988,472,000 as of Sep 13, 2007

[Eek!]

This'll move FAST!!!!


lmao


btw - that was a joke!
 
Posted by FrankNitti on :
 
Hahaha...no doubt..


GOOD GOOOOGLY MOOOOGLY!

11 BILLION A/S

LMAO
 
Posted by dalton05 on :
 
get in early - to da moon
 
Posted by tmanfromtexas on :
 
OOOOOOOHHHHHHHH Can I be the first to say that this will run to a penny, like USXP did before it came crashing down. This has the potential now with the big Chinese funding it. I know it aint mideast oil but heck there is billions of chinese that need payday loans to make ends meet. ROTFLMAO!!! TMAN...
 
Posted by dalton05 on :
 
early trades going through.Could be a good sign.
 
Posted by mindspin311 on :
 
I hope all of you dumped this while you could. Took a hit, but not as much from .0001 or lower. Looks like the bid is back to .0001 now.
 
Posted by gramlich on :
 
mindspin why?
 
Posted by mindspin311 on :
 
This has promised ALOT and delivered nothing. If you guys want to roll the dice, so be it. I actually just recently look at ALL my pink trades and everyone is either 80+% drop since my trade or at 0001. Many of these I took small losses or pretty good gains. I actually made profit on pinks if you take out the ones I ended up going long. These are trades, not longs. If you get stuck in a long situation, wait for strength and get out. Not everything can be a 100 bagger like taser.

I've only had most of my shares in since 0002-0004 though. If there's people holding over 001, I can see why they might hold on and wait for more. It's a big percentage swing 0001-0003, where as someone else might only save a few bucks in losses.
 
Posted by gramlich on :
 
I'm rollin em. I like 8m+ vol and not looking like much resistance above .0003 I think this one runs like a raped ape jmo
 
Posted by FrankNitti on :
 
1 billion in volume and NADA....
 
Posted by BooDog on :
 
5b more to go.
 
Posted by kermit42 on :
 
Most trades at the bid, so it's not moving. Too many people waiting around too long deciding to just get out (and MMs were hiding bid strength this morning). I can't blame them, but this doesn't move up until more new blood comes in.

Then, well, 10+ billion OS, but RM's always run.
 
Posted by gramlich on :
 
50% gainer isn't so bad but I'm not selling after my dlav experience this month
 
Posted by Homersbud on :
 
eh,I took a gamble at 0002 and now I can't even dump this pos at 0002. Been trying to sell for over an hr now and nothing.....

thought i would be able to dump at 0003 but that ain't happening.
 
Posted by gramlich on :
 
you should be able to now but don't
 
Posted by Homersbud on :
 
ya, you would think i would have been able to dump since there was a bidder at 0002 but guess what? It still never sold.
 
Posted by gramlich on :
 
wow hang on...
 
Posted by Homersbud on :
 
needs way too much vol to move those 0003 and vol has died over past couple of hrs, but all these trades go on between the bid/ask you would think they would sell my 350k for a cool $70 but nooooooo.
 
Posted by gramlich on :
 
I'm on hold who knows what happens between now and the end of the year this could be nice. A little strange having this Vol and no movement though.
 
Posted by Homersbud on :
 
OS is too high for this to really do anything.

10b OS? Give me a friggin break. Why would anyone want to merge with a pos like this? You can almost bet a R/S will be coming.
 
Posted by gramlich on :
 
got the baby trades *.0002 keeping it down. someone wants panic sells be patient Vol picking up!
 
Posted by Homersbud on :
 
I'm out. POS finally sold. Changed my order from 'Day' to 'GTC' and it sold within seconds.

Good luck gramlich!
 
Posted by gramlich on :
 
ty
 
Posted by 5times1 on :
 
well i threw a couple bucks at this and got in at 0002 so hopefully we can see some fireworks in the next few days.
 
Posted by BooDog on :
 
quote:
Originally posted by Homersbud:
I'm out. POS finally sold. Changed my order from 'Day' to 'GTC' and it sold within seconds.

Good luck gramlich!

far out! I was thinkin it was the all or none thingy keeping it from going.
 
Posted by Homersbud on :
 
Geez, this pos hit 0004! I could've sold at 0003!

Oh well. Congrats gramlich!
 
Posted by Andreas on :
 
Homer,

I have a sell order in since yesterday for approx. 1,200,000 at 0003 and it did not sell at all when 0004 was hit this morning.


Very strange.
 
Posted by Homersbud on :
 
Andreas, I had that same issue yesterday! I have Choicetrade, and I noticed once I changed my order from 'Day' to 'GTC' it sold within seconds. Might wanna get that a try.
 
Posted by Andreas on :
 
Homer,

I have Etrade and usually enter orders GTC - as I did with this one.


I am afraid to make changes now and then end up at the bottom of the asks. I will just hang on and wait.
 
Posted by beechwood on :
 
Of course, and as always, the big question with
any sub-penny R/M is if a R/S comes with it
along with the name change, cussip, etc.
If no R/S is intended they will usually say
as much in the PR (like SHCM).
Saw no mention of same in the PR on this.
(of course Mr. Dan promised no R/S with SMMW
and we all know where that went).
It's what they DON'T say that comes back to bite.
Just the same I'm in for a few bushels at .0003
 
Posted by Homersbud on :
 
You can almost count on a R/S here.
 
Posted by gramlich on :
 
I don't see it. Look at accumulation!!! jmo but run baby run!
 
Posted by BooDog on :
 
quote:
Originally posted by Homersbud:
You can almost count on a R/S here.

They said no RS sometime last year wasn't it? On a Tuesday?
 
Posted by kermit42 on :
 
IMO, a RS is inevitable--too many shares to get a respectable OS with a buyback. But it probably won't happen until the symbol change, which means we got a few weeks.

I hope to be long gone at a much higher PPS by then. If they follow through on what they claim, I may jump back in after the RS, but there is money to be made here and now first.
 
Posted by gramlich on :
 
quote:
Originally posted by kermit42:
IMO, a RS is inevitable--too many shares to get a respectable OS with a buyback. But it probably won't happen until the symbol change, which means we got a few weeks.

I hope to be long gone at a much higher PPS by then. If they follow through on what they claim, I may jump back in after the RS, but there is money to be made here and now first.

right on I think your on to something
 
Posted by gramlich on :
 
quote:
Originally posted by Homersbud:
Geez, this pos hit 0004! I could've sold at 0003!

Oh well. Congrats gramlich!

tyvm [Cool]
 
Posted by gramlich on :
 
http://stockcharts.com/h-sc/ui?s=efgo&p=D&b=5&g=0&id=p43694571493
gonna go today! [Eek!]
 
Posted by J_U_ICE on :
 
12.03.07Forward Guidance For Q1 Of 2008
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=13018
Mr. Garr Winters, Esprit’s outgoing CEO, announced “I’d like to take the opportunity to share our vision moving forward, regarding the Company’s North American as well as China based operations.As you can imagine, the last 6 months have been extremely busy for us. We’ve just returned from China this past weekend, and this is our first opportunity to lay out some of the plans following the recently announced merger with Hebei Haorizi Company Ltd. (Haorizi, or Good Life).

The merger with Haorizi represents an incredible opportunity for rapid and sustained growth for our shareholders. CEO Dongmei Jia has done a remarkable job building a retail chain of 1,600 stores within Hebei Province in less than a decade. Working on a franchise retail business model, Haorizi has developed a very sophisticated web-enabled operational environment.

We’d like to put the Haorizi chain store success into context of the overall Chinese economy as well as political policies for economic development”.

Overview of Haorizi:

Nearly half of the Chinese labour force works in the agricultural sector. However, agriculture represents only 12.5% of the GDP (Gross Domestic Product). Outside of the major cities such as Beijing and Shanghai, retail shopping concepts that we take for granted are very new to China.

In 1998, Ms. Dongmei Jia and other investors launched Haorizi, in conjunction with the Hebei Province Supply and Market Association. Haorizi has thrived well beyond expectations, and has become an award winning example of the type of retail concept that the Government is working very hard to encourage.

In February 2005, The Ministry of Commerce of the People’s Republic of China (MOFCOM) launched the Universal Rural Retailing Network Project to gradually push ahead the establishment of chain store businesses across the country. Economic research studies have shown that the replacement of traditional family shops with chain stores brings significant economic benefits to local economies.

In terms of products and services, their is a similar political mandate to provide improved access to key infrastructure services such as mail; Internet access; banking services etc.

This alignment of Haorizi’s corporate objectives with key economic development policies provides tremendous positive momentum to continue rapid expansion of the chain into neighbouring Provinces as Haorizi looks for Geographic expansion outside of the Hebei Province.

Haorizi has established a business model that is designed to support very rapid expansion of their operations. Working on a franchise system, the Company is freed from the daily operational issues of running corporately owned stores. Haorizi provides franchisees with a complete turnkey retail system, and represents these franchisees as a buying group to generate significant economies of scale on the supply side of retail operations.

On the supply side, Haorizi is using advanced web-enabled purchasing systems to optimize logistics, and push efficiencies of modern IT capabilities down the line on both the supply side and retail side of the business. These modern practices reduce costs and improve operational efficiencies across the board.

In short, Haorizi’s success is based on retail best practices stemming from modern electronic management of retail operations. Its success is based on its Information Technologies and supply side buying operations. As the Company continues its expansion, it will build out more logistics centers to support expanded geographic operations.

Business Plans call for a total of 4,000 franchised stores (an increase of 250%) and a total of 8 logistics centers (up from 3) by the end of 2008. Within Hebei Province alone, the Company estimates market demand for another 6,600 stores.

It will also be expanding into new product and service areas that are in strong demand, and for which there is significant political desire to deploy more aggressively throughout China.

These corporate and political objectives are the reason that Haorizi saw an excellent fit with Esprit, and embraced the merger. Esprit has developed significant web-enabled business processes that can be adapted to Haorizi’s operations.

Additionally, Esprit has developed a number of products and services that will fit extremely well with Haorizi’s plans to expand its product and service capabilities through its vast network of retail stores. This includes the sophisticated online small loan (payday Loan) facility, ATM operations and Check 21 services among others

As we continue to move forward together, we will be making ongoing announcements regarding the technology transfers and utilization of different product and service areas, as well as the prioritization of their implementation.

Uplisting:

In order to execute the reverse merger with Haorizi, it was necessary to set up a Special Purpose Company (SPC), as previously announced, due to the Chinese regulatory environment. The regulations related to SPCs mandates that the Company can only begin trading as a Pink Sheet company, and preclude uplisting to an OTCBB or major exchange.

One of the final objectives for Esprit this year was to uplist to either a fully reporting Pink Sheet or OTCBB, based on results related to potential deals in China. With the merger with Haorizi management believes it is in the best interests of our shareholders to become a fully reporting Pink Sheet company.

To that extent, management has negotiated and signed a preliminary Letter of Intent with an existing fully reporting Pink Sheet Company to achieve this objective in as short and cost-effective manner as possible.

It is anticipated that this transaction will take the form of a ‘purchase of assets’ ideally for a combination of stock and cash. The intent is to complete this transaction before December 31st, in concert with the finalization of the paperwork for the merger with Haorizi. Current shareholders of EFGO and Haorizi would receive shares in the new Company “pari passu” in line with the previously disclosed parameters.

A new ticker symbol and name change to Good Life China will immediately follow the transaction.

It should be noted that the shares Haorizi receives will be restricted shares under Rule 144, and thus will not be part of the float in the open market.

If the merger and uplisting can be completed simultaneously, the transactions will be vastly simplified. Current EFGO shareholders will receive shares in the new Company on a pari-passu basis. Management will be providing ongoing updates on these developments as they become available.

One of the objectives of this approach is to minimize the number of days during which trading of EFGO is suspended due to ticker symbol and name changes.

Once the Company merges with the fully reporting entity, we will immediately apply for a name change to Good Life China and a new Ticker symbol.

It should be noted that Esprit considered using one of the IFGX division shell companies for this type of transaction. However, these shells are not currently trading, and have not been assigned ticker symbols. The time frame to complete the process to get them listed and trading is too long for this to be considered a viable option.

North American Operations:

At this time, the plan calls for the North American operations to continue on as a separate division. These operations will be monitored as profit centers, and on the assumption that they continue to operate profitably, the division will continue to roll out its expansion plans in line with previous announcements.

In the 1st quarter of 2008 EFGO plans to reposition the IFGX division to return it to a B2B sub prime lender and factoring business including invoice discounting. Although IFGX has provided us with great results in its short lifespan as a company broker, new legislation recently came into effect that limits the number of transactions that IFGX would be allowed to execute to a maximum of 2 per year, every other year.

Esprit will also be looking to sell off certain non performing assets such as our www.iefranchise.com portal the www.cashnext.com www.loanconsultant.com and various dormant domain names. Additionally, if the uplisting proceeds as desired, EFGO will becomes a shell company, and can also be sold to third parties.

It is the intention of EFGO management to use the proceeds from these asset dispositions to buy back shares of EFGO and retire them to treasury.

Company Valuation:

Although it is a little early in the game, some considerations regarding the Company valuation and market capitalization are in order.

With a current run rate of over $100 million USD, and the Company running well ahead of its original projections of $2.3 million USD, to which the net income from North America needs to be added, we feel confident that the market will view the stock as being significantly undervalued.

This is especially true if the Company comes anywhere near its projected growth rate to 4,000 store locations by the close of 2008.

We will be providing more guidance on the updated financial projections for the year as soon as possible.

Short or “Oversold” Positions:

There has been widespread speculation that there is a significant short position out on the stock. While it is impossible to prove on a definitive basis, it is our understanding that any short position, if it exists, will need to be covered before the stock begins trading under a new ticker symbol. The transfer agents will require a full accounting of all stocks held and certification of ownership prior to issuing stock under the new ticker symbol. Obviously, this will put substantial pressure on any holders who have profited by overselling the EFGO stock. If the short sellers do not cover their position, they will be facing a failure to deliver, and the very significant consequences that entails.

Forward Guidance from Haorizi:

We also wish to advise our shareholders that Goodlife China and Ms. Dongmai Jai will issue a forward guidance on the Goodlife China operation shortly and we will follow that up with a revenue guidance for both China and North American operations and an update on our up listing plans to become a fully reporting pink sheet company, together with updates on any new Corporate Governance and privacy policies.

Additional news and details will be posted as they become available at; www.goodlifechina.com (English investor relations site) and www.haorizi.com (Chinese corporate site).
 
Posted by BooDog on :
 
Far out.
 
Posted by BooDog on :
 
Didn't say yes or no for the RS but "It is the intention of EFGO management to use the proceeds from these asset dispositions to buy back shares of EFGO and retire them to treasury." sure sounds good. Excercise caution and protect your capital as it gets closer to the change.
 
Posted by tmanfromtexas on :
 
pari-passu basis is the catch phrase of the day.
Pari passu is a Latin phrase that means "hand-in-hand" or "at the same time", and by extension also "fairly", "without partiality".

If they give share for share then it is pari-passu. If they give share for share and then do a reverse split it is still pari-passu. Be afraid, be very afraid when a CEO starts talking in latin. LOL. TMAN...
 
Posted by BooDog on :
 
No doubt Tman.... gots ta stay 1 step ahead.
 
Posted by jilly123 on :
 
news
 
Posted by Andreas on :
 
Esprit Financial Group (EFGO) To Uplist to Fully Reporting Pink Sheet Status

Dec 3, 2007 09:00:00 (ET)


LAS VEGAS, NV, Dec 03, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group (Esprit) CEO Mr. Garr Winters announced the Company's intent to achieve fully reporting Pink Sheet company status.

Mr. Winters advised, "One of the final objectives for Esprit this year was to uplist to either a fully reporting Pink Sheet or OTCBB, based on results related to potential deals in China. With the recently announced merger with Haorizi, Esprit management believes it is in the best interests of our shareholders to become a fully reporting Pink Sheet company."

In order to execute the reverse merger with Haorizi, it was necessary to set up a Special Purpose Company (SPC), as previously announced, due to the Chinese regulatory environment. The regulations related to SPCs mandates that the Company can only begin trading as a Pink Sheet company, and preclude uplisting to an OTCBB or major exchange.

To that extent, management has negotiated and signed a preliminary Letter of Intent with an existing fully reporting Pink Sheet Company to achieve this objective in as short and cost-effective manner as possible.

It is anticipated that this transaction will take the form of a "purchase of assets" ideally for a combination of stock and cash. The intent is to complete this transaction before December 31st, in concert with the finalization of the paperwork for the merger with Haorizi.

A new ticker symbol and name change to Good Life China will immediately follow the transaction. One of the objectives of this approach is to minimize the number of days during which trading of EFGO is suspended due to ticker symbol and name changes.

Once the Company merges with the fully reporting entity, we will immediately apply for a name change to Good Life China and a new Ticker symbol.

If the merger and uplisting can be completed simultaneously, the transactions will be vastly simplified. Current EFGO shareholders will receive shares in the new Company on a "pari passu" basis. Management will be providing ongoing updates on these developments as they become available.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.

About Hebei Haorizi Company Ltd.

Hebei Haorizi Company Ltd. operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighbouring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.

Safe Harbor Statement

Information in this press release may contain "forward-looking statements." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group
 
Posted by BooDog on :
 
The PR is making its rounds on all the wires.
 
Posted by bobcat88 on :
 
and doing nothing in the pps
 
Posted by BooDog on :
 
nope. Like to see about 2b in volume then mayby sumtin will happen.
 
Posted by oldguy on :
 
I wonder why etrade will not publish any of EFGO PRs?
 
Posted by Andreas on :
 
OldGuy,

Etrade does publish their PRs - see my posting from this morning. That one is from Etrade, which is my trading platform.
 
Posted by gramlich on :
 
volume picking up.
 
Posted by gramlich on :
 
http://stockcharts.com/h-sc/ui?s=efgo&p=D&b=5&g=0&id=p43694571493 [Smile]
 
Posted by gramlich on :
 
300 share trade at .0001?
 
Posted by playtime on :
 
So, if anyone has been keeping up, the shareholders are going to get shares in Goodlife China on a percentage basis (like a divi) and get to keep their EFGO shares intact......for now anyway.
EFGO still has Forex.

news LAS VEGAS, Dec. 7 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. DBA Good Life China (EFGO.PK) www.goodlifechina.com provided guidance today on future plans for its Forex division.

Peter Presland, who heads the division, has been working to develop a comprehensive strategy moving forward. Mr. Presland notes; "We had been disappointed with the service levels provided by our current service provider. We have spent the last few months evaluating alternative service providers, as well as a variety of related added value programs and services.

We are now in the final processes of setting up an Introductory Broker relationship with a new service provider, and are beginning work on our new website to offer a seamless investor interface. We are also beginning to lock-in additional relationships to provide added value for traders using the trading platform. Some of these services will generate additional revenues via subscription fees, while we anticipate a couple that will be available at no additional charge to provide a differential competitive advantage versus other Forex Trading websites."

Esprit CEO Garr Winters added, "We haven't been able to give Peter the full support he needed, given the major commitment of management resources within China. Nonetheless, he has been working diligently to put together a first class Forex Trading capability. We plan to have everything in place by January, and get a full year of trading to contribute to the bottom line. There will be additional announcements forthcoming as we begin bringing specific services online."

The Forex division will continue to be held by Esprit Financial Group, and will not be transferred as part of the asset acquisition related to the Good Life China reverse merger when it uplists to a fully reporting Pink Sheet Company.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.

About Good Life Group Limited.

Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
 
Posted by BooDog on :
 
Good thing it's already at bottom eh? lmao. I'll take more shares of whatever but not sure that's the plan. [Roll Eyes]
 
Posted by gramlich on :
 
[QUOTE]Originally posted by playtime:
[QB] So, if anyone has been keeping up, the shareholders are going to get shares in Goodlife China on a percentage basis (like a divi) and get to keep their EFGO shares intact......for now anyway.
Where is this from? I like it!
 
Posted by playtime on :
 
Go here: www.goodlifechina.com and go to "town hall" There is a whole lot more to read.......


QUESTION:

I hold about 500000 shares - how does this work?

Do I get a 1 for 1 exchange when all the papers are signed?

Thanks

RESPONSE:

There will not be any share exchanges. You will continue to hold your stock in EFGO without any changes resulting from the acquisition of Esprit’s assets by the fully reporting Pink Sheet Company.In addition, there will be a distribution of shares in the new fully reporting Pink Sheet Company in proportion to your current holdings. As the share structure of the new Company will be different than Esprit’s, these shares will be issued as a percentage of your current holdings in Esprit.
 
Posted by BooDog on :
 
quote:
Originally posted by playtime:
Go here: www.goodlifechina.com and go to "town hall" There is a whole lot more to read.......


QUESTION:

I hold about 500000 shares - how does this work?

Do I get a 1 for 1 exchange when all the papers are signed?

Thanks

RESPONSE:

There will not be any share exchanges. You will continue to hold your stock in EFGO without any changes resulting from the acquisition of Esprit’s assets by the fully reporting Pink Sheet Company.In addition, there will be a distribution of shares in the new fully reporting Pink Sheet Company in proportion to your current holdings. As the share structure of the new Company will be different than Esprit’s, these shares will be issued as a percentage of your current holdings in Esprit.

Ahhhhh a spin off. I haven't been to that site in eons. Thanks playtime. Havta check that out.
 
Posted by playtime on :
 
[/qb][/QUOTE]Ahhhhh a spin off. I haven't been to that site in eons. Thanks playtime. Havta check that out. [/QB][/QUOTE]


No problem, If your gonna buy a lotto ticket, might as well have as much info as you can.

I would like to add one note. I have never been involved with any pink that has worked out for the benefit of "me" (common shareholder) when they did a r/s, r/m, merger, spin-off.......whatever you want to call it.
Maybe this will be the first? LOL...
 
Posted by BooDog on :
 
This is what happens when you hold a pink too long.
 
Posted by BooDog on :
 
LAS VEGAS, Dec 07, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. DBA Good Life China (EFGO.PK) www.goodlifechina.com announced that it will be launching a new brand within its PayDay Loan Division; www.MoneyLendingbusiness.com.

The PayDay Loan industry is undergoing major changes in line with a changing regulatory environment at the State level. MoneyLendingBusiness.com creates a new brand identity to underline that Esprit Financial Group is offering the most up to date licensed software to conduct business in this changing environment.

Esprit CEO Garr Winters noted, "There continues to be very strong demand for 'micro' sized loans at the consumer level. The number of U.S. citizens who are unbanked (do not have a bank account) continues to grow. There is strong need for this type of service, and we intend to continue to participate actively in this market".

Esprit will continue to concentrate on licensing its software, rather than operating on a franchise system approach. Licensees will be able to offer this micro-loan capability as a stand-alone service or as an addition to a pre-existing portfolio of financial services.

Both the Cash Now and MoneyLendingBusiness.com brands will be offered in the market place. Efficiencies generated from utilizing the same back-office software and operational systems means that the new brand has a low break-even point to reach before beginning contributing to the bottom line.

In other Company news, Esprit will be providing updates on the completion of the paper work associated with the reverse merger with Good Life China next week.

Mr. Winters noted, "We are making excellent progress towards having all of the paperwork, as well as the uplisting to a fully trading Pink Sheet Company, completed before the end of the year".

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.

About Good Life Group Limited.

Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.'
Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.
Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group


www.prnewswire.com


Copyright (C) 2007 PR Newswire. All rights reserved
 
Posted by gramlich on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Memorandum of Understanding to Acquire Canden Financial Group Inc.



TORONTO, Dec. 10 /PRNewswire-FirstCall/ - Esprit Financial Group Inc.
(EFGO.PK) http://www.espritfinancialgroup.com DBA Good Life China
http://www.goodlifechina.com announced that it has signed a Memorandum of
Understanding to acquire Canden Financial Group Inc.
(http://candenfinancial.com) on an all stock basis. The Mina Mar Group Inc.
http://www.minamargroup.com acted as financial advisors in the transaction.

Canden provides financing services related for the rental or lease of
specialized beverage control solutions for the hotel and hospitality
industries, on behalf of a Denmark manufacturer with which Canden is
associated. This includes advanced beverage dispenser tracking systems that
monitor, report and provide inventory control over beverage dispensing in a
restaurant or bar environment.

Canden CEO Steen Elgaard advised; "We are very excited about the
opportunity to access the public markets. With EFGO being a dually listed
company we see strong possible growth in both the German and USA market. We
have several multi-million dollar contracts on the cusp of coming to
fruition. We expect to issue announcements over the next couple of quarters
as we move forward with EFGO. We know that the current EFGO management and
their advisors have been searching for high growth operating companies for
some time now and we are delighted that they see as much potential in
Canden as we do. Elgaard added; "We have been very impressed with Garr
Winters and his practical, common sense approach to this acquisition."

Esprit CEO Winters noted; "We choose Canden for several reasons. One of
the most important ones to me is that we were able to verify their growth
and future opportunities. Secondly our CFO is also on retainer to Canden.
This gave us a great level of comfort with their financials and growth
projections. We feel that the Canden acquisition will provide excellent
value to Esprit shareholders.

We anticipate our shareholders will be very pleased to retain EFGO
shares as we move forward with Canden, in addition to the shares they will
receive once Good Life is vended in to the fully reporting issuer.

I am very disappointed that the market has not yet recognized the
significant increases in the Company's valuation in light of recent
announcements. Good Life has achieved remarkable success to date, and we
have every confidence that the chain will continue to grow at a dramatic
rate.

With the Canden acquisition, we are adding another high growth company
to the fold, with revenue opportunities well beyond our original
capabilities when we were strictly a PayDay loan company.

This provides EFGO shareholders with ownership in two public companies
that are achieving remarkable growth."

Winters added; "I'd also like to acknowledge the Mina Mar Group, who
were instrumental in structuring the Canden transaction. They have shown
exceptional professionalism, knowledge, patience and fairness through the
process as they acted for both sides in this transaction."

The Canden acquisition is contingent upon the completion of the asset
sale and uplisting of Esprit with China Good Life, which EFGO management
expects to complete in the next several business days. EFGO will then move
forward with the Canden business unit as the primary operating business.

Esprit management will also apply for a name change, a new CUSIP and a
new ISIN number along with a new ticker symbol to reflect the change in the
company's operations.

The Company will continue to issue information and updates regarding
these and other transaction through a combination of its Town Hall as well
as press releases as appropriate.

Mr. Winters cautioned; "It has come to our attention that there are
several Investor Awareness type message boards that are harbouring our
staunchest critics intent on distributing negative information and
misinformation on a organized wide scale basis, including sending out
unsolicited emails. These are individuals who clearly seem to have their
own agenda and who seem to be relentless in their endeavours to an
obsessive level, thwarting months of hard work and undermining the efforts
of the Company to bring value to its shareholders. Frankly, we cannot
understand their behaviour, or what purpose their endless tirades serve. I
would like to take this opportunity to invite any of these critics to come
forward and identify themselves to us and provide any proof they feel they
have on any conspiracy theories or improper activity conducted by the
Company. We are prepared to address these allegations head-on in public. In
the meantime, I encourage our shareholders to visit our corporate Town Hall
for regular corporate updates, and to speak to their licensed financial
representative for any investment advice regarding the Company."

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a
diversified number of online financial services. These include: the Payday
Loan Software division; Forex Trading; Advanced Electronic Funds
Management; and Specialized Investment Banking and Financial Advisory
Services.

About Canden Financial Group Inc.

Canden Financial Group Inc. provides financing for the lease or rental
of easy-to-use and affordable profit control systems that control and
monitor wait staff performance in hotel and restaurant bar settings. The
systems provide protection against retail shrink from practices such as
over-pouring, give-a way's or theft, as well as monitoring inventory levels
to ensure an adequate supply of beverages are available as needed. The
Company website can be found at: http://candenfinancial.com

Safe Harbor Statement

Information in this press release may contain 'forward-looking
statements.' Statements describing objectives or goals or the Company's
future plans are also forward-looking statements and are subject to risks
and uncertainties, including the financial performance of the Company and
market valuations of its stock, which could cause actual results to differ
materially from those anticipated. Forward-looking statements in this news
release are made pursuant to the 'Safe Harbor' provisions of the United
States Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, risks relating to the ability
to close transactions being contemplated, risks related to sales, continued
acceptance of Esprit Financial Group's products, increased levels of
competition, technological changes, dependence on intellectual property
rights and other risks detailed from time to time in Esprit Financial
Group's periodic reports filed with the regulatory authorities.
 
Posted by BooDog on :
 
One thing this isn't lacking is PRs eh?

But this.... I like....


Mr. Winters cautioned; "It has come to our attention that there are
several Investor Awareness type message boards that are harbouring our
staunchest critics intent on distributing negative information and
misinformation on a organized wide scale basis, including sending out
unsolicited emails. These are individuals who clearly seem to have their
own agenda and who seem to be relentless in their endeavours to an
obsessive level, thwarting months of hard work and undermining the efforts
of the Company to bring value to its shareholders. Frankly, we cannot
understand their behaviour, or what purpose their endless tirades serve. I
would like to take this opportunity to invite any of these critics to come
forward and identify themselves to us and provide any proof they feel they
have on any conspiracy theories or improper activity conducted by the
Company. We are prepared to address these allegations head-on in public. In
the meantime, I encourage our shareholders to visit our corporate Town Hall
for regular corporate updates, and to speak to their licensed financial
representative for any investment advice regarding the Company."

 
Posted by gramlich on :
 
Better than ignoring it. I hope this makes it move. From the sounds of it Good life has inventory control problems. This ought to be a good marriage I'm buying more if it doesn't run early.
 
Posted by BooDog on :
 
http://biz.yahoo.com/prnews/071210/to329.html?.v=32

Mina Mar Group Inc. Announces Acquisition by Public Company
Monday December 10, 6:32 pm ET


TORONTO, Dec. 10 /PRNewswire/ - Mina Mar Group Inc. (www.minamargroup.com) is pleased to announce that it has been acquired by a Nevada based public company trading on the Pink Sheets.
The Company name has been changed to Mina Mar International Inc. (Mina Mar) to reflect the new business operations of the acquiring shell company. The Company has also received new CUSIP and ISIN numbers as detailed below.


CUSIP NUMBER: 60250T 107
ISIN NUMBER: US60250T1079

Mina Mar anticipates receiving a new ticker symbol shortly.

In other Company news, Mina Mar plans to effect a 250:1 reverse stock split as part of the Company's recapitalization process once svnr receives its new ticker symbol.

About Mina Mar International Inc.

Mina Mar provides corporate financial consulting services focusing on reverse mergers of private companies with publicly traded shell companies in the micro-cap and small-cap environment. The Company specializes in assisting private Chinese company access capital markets in North America and Europe.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Mina Mar's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Mina Mar's periodic reports filed with the regulatory authorities.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=svnr

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx ?lx8nvq=l%252f29r8LYc2T%252f2XN%252f1%252fCR2g%253d%253d&CorpName=MINA+MAR+INTER NATIONAL+INC.
Action Type: Merger
Document Number: C18041-1999-003 # of Pages: 8
File Date: 12/10/1999 Effective Date:
ARTICLES OF MERGER FILED MERGING SCIENTIFIC NRG, INCORPORATED, A (MN)
CORPORATION NOT QUALIFIED IN NEVADA, INTO THIS CORPORATION. (8)PGS. DMF


http://finance.yahoo.com/q?s=SVNR.PK

[ December 11, 2007, 07:36: Message edited by: BooDog ]
 
Posted by BooDog on :
 
Hey gramlich, you see anything about the names from Mina Mar and EFGO? Guess it's time to start googlin
 
Posted by gramlich on :
 
No clue enlighten me.
 
Posted by BooDog on :
 
No idea yet myself. Browsed through the hub so got a few things to check out.
 
Posted by gramlich on :
 
My take on the whole thing is that good life does crazy numbers but has a hurtin bottom line the cfo is on retainer for canden as well so they brought the whole package. I don't think it was efgo looking for the deal. Thats why I grabbed it and am going to hold tight. It won't take long to turn the bottom line around on such a simple problem. I hope it goes on a pr but sooner or later it will go
 
Posted by gramlich on :
 
http://stockcharts.com/h-sc/ui?s=efgo&p=D&b=5&g=0&id=p43694571493
 
Posted by gramlich on :
 
TORONTO, Dec. 10 /PRNewswire-FirstCall/ - Esprit Financial Group Inc.
(EFGO.PK) http://www.espritfinancialgroup.com DBA Good Life China
http://www.goodlifechina.com announced that it has signed a Memorandum of
Understanding to acquire Canden Financial Group Inc.
(http://candenfinancial.com) on an all stock basis. The Mina Mar Group Inc.
http://www.minamargroup.com acted as financial advisors in the transaction.
It sounds like "Good life really needs the efgo network. At first it sounded like just words but the picture will become more clear in the next few weeks but it sounds like Esprit is driving the deal.
 
Posted by BooDog on :
 
Announcement:

Please note that the Company will be entering a quiet period for the next several days while the final paperwork is being signed regarding the mergers and acquisition activity previously announced.Responses to Town Hall questions and investor relations activities will be suspended until the Company issues final press releases once all of the remaining contractual formalities are signed, delivered and executed.

As you can imagine, these are complex transactions, and this is simply an added precaution to ensure that these major news announcement are released to the market as accurately and transparently as possible.

We are also preparing a new communications and a corporate guidance policy that will be issued simultaneously.

http://goodlifechina.com/townhall/?p=42

Might be a good time to copy any notes you want from town hall to file.
 
Posted by bobcat88 on :
 
Dec 12, 2007
Pink Sheets News Service

Toronto Canada— TORONTO, Dec. 12- Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com DBA Good Life China www.goodlifechina.com is pleased to announce that it has completed the formulation of a Belize Special Purpose Company (SPC). The name of the SPC is Asia Pacific Enterprises Limited a Belize company, company # 67568. The sole purpose of the SPC is for the acquisition of Hebei Haorizi Company Ltd, a China based Company and the acquisition and the sale of assets as previously announced.

Under the Chinese law an SPC is required in order to comply with the Chinese regulations and acquisitions of any Chinese entity. The Mina Mar Group Inc. www.minamargroup.com acted as advisors to the company in this transaction and formulation.

Esprit CEO Winters noted "Everything is coming together and in a timeframe we originally estimated. The next step for us is to finish off the US paperwork in concert with the Belize SPC, and submit all of this to the reporting issuer. We have been working very close with them we do not foresee any delays in the closing of this transaction. We also expect to be in a position to close on the Canden transaction, very soon after the SPC and Hebei Haorizi is finalized. In anticipation of this we have asked Canden CEO Steen Elgaard and their team, to prepare a forward guidance outlook which we may issue prior to the closing of the Canden transaction. I believe our shareholders will be pleasantly surprised. I know this is worth repeating, soon after the closing of the asset sale and the SPC transaction, EFGO shareholders will retain all of their shares, and in addition they will receive additional stock with the reporting issuer.
 
Posted by playtime on :
 
quote:
Originally posted by bobcat88:
Dec 12, 2007
Pink Sheets News Service


Esprit CEO Winters noted "Everything is coming together...... EFGO shareholders will retain all of their shares, and in addition they will receive additional stock with the reporting issuer.

THIS is what will be interesting...how much/many shares will we get for how many EFGO shares you hold?
1 for 10
1 for 100
1 for 1,000,000
1 for 10,000,000

That is the big question...

Either, it's not that great.....like maybe 1 new share for every 10 million EFGO you own or they can't disclose it yet......if it was some great deal, why no details.....yet.
 
Posted by BooDog on :
 
Been wonderin that myself. And the restricted period if there will be one. Up to 2 yrs??
 
Posted by playtime on :
 
quote:
Originally posted by BooDog:
Been wonderin that myself. And the restricted period if there will be one. Up to 2 yrs??

Well, that HAS been stated by management.
EFGO will be recieving 10% of a stake in The Goodlife. The shares that EFGO will be getting are "free" trading common shares, the other 90% that The Goodlife will retain are restricted for 6 mos and up to 1 year.

BUT, whatever/how many shares of The Goodlife EFGO gets.......they must be split 11 billion times.....and given out.....
 
Posted by BooDog on :
 
lol .... molecular science there eh?

Thanks.
 
Posted by kermit42 on :
 
It probably hasn't been determined yet, but my guess is it will be around 1:250. Something like that.

Less than 1:100 but more than 1:1000.
 
Posted by playtime on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Forward Guidance For Canden Financial Group Inc.
TORONTO, Dec. 18 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com is pleased to announce forward guidance for Canden Financial Group Inc. (Canden). Canden is in a pre-acquisition stage to join the EFGO soon after EFGO vends out its current assets to a reporting issuer, as per previous news announcements. Canden provides financing services related to the rental or lease of specialized beverage control solutions for the hotel and hospitality industries, on behalf of a Denmark manufacturer with which Canden is associated. This includes advanced beverage dispenser tracking systems that monitor, report and provide inventory control over beverage dispensing in a restaurant or bar environment.

In announcing the update, Canden's President and CEO Steen Elgaard stated, 'We are currently a self-sustaining company, and debt free. We see ourselves off to a solid start in Fiscal 2008, under the EFGO banner with our current guaranteed revenue coming in much higher than anticipated. We anticipate a solid but stable growth that will end the fiscal year revenue of approximately $900,000.00 with a potential growth beyond $5 million in revenue for the fiscal year 2009, maintaining net profits in the range of approximately 27 to 28%. To date, two contracts are signed with distributors in Canada and USA. The distributors market and sell POS and calculation, profit and control systems directly to restaurants and bars across Canada and USA, and we have distribution channels in place to ship systems direct to clients. Restaurants have the benefit of getting equipment financed, and build the rental cost into their hard earned cash-flow part of their operation. With a unique and specialized rental model, Canden is positioned as a very attractive financing business with growth in the area of 30 - 50% per year. We are currently exploring various financing proposals and options that will enable this growth sustainability, and different ways that this rapid growth will reflect into our future share price, without dilution of our equity.'

The Canden acquisition is contingent upon the completion of the asset sale and up listing of Esprit with China Good Life, which EFGO management expects to complete shortly. EFGO will then move forward with the Canden business unit as the primary operating business.

In other company news, Esprit CEO Mr. Garr Winters added, 'I wish to take this opportunity to update our shareholders on the status on the asset sale and the up listing of Esprit with China Good Life. We are on schedule to finalize the transaction as planned and as announced previously, that being on or before December 31, 2007. The unprecedented news coverage received in China in Hebei Province, plus the radio and news print of the EFGO merger with Goodlife, has brought on exceptional interest from China, the Chinese community, and different entrepreneurs all across USA, Germany, Canada and the west. This in itself has presented the EFGO management a very unique opportunity. We have been contacted by several already trading, and reporting issuers offering, the up listing of Esprit assets with China Good Life into their entities. Some of these offers have indeed caught our attention, and we wish to take a time out or a day or so to examine all offers and all available options to us before making the final decision. We feel that to simply ignore these proposals would not be in the best interest of all concerned, and unfair to our shareholders. If the Christmas holidays were not upon us, it probably would not be necessary to make this announcement. The matter is compounded by the fact that our legal and corporate advisors will be operating on a holiday schedule from Dec. 21, 2007, to January 3rd, 2008. Again, our skeptics should not read into this as anything more than the message is, that being that we wish to examine all the available options, and to choose the best option that will benefit all concerned.'
 
Posted by gramlich on :
 
We have been contacted by several already trading, and reporting issuers offering, the up listing of Esprit assets with China Good Life into their entities.
Probably the smase one gobbling up minamar
 
Posted by playtime on :
 
News for 'EFGO' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases Open Letter to the Shareholders from Good Life CEO)


BEIJING, China, Dec 19, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com DBA Good Life China www.goodlifechina.com announced today that it had posted an open letter to shareholders from Good Life CEO Jia Dongmei on its Town Hall forum.

This letter provides a perspective on the stunning growth and success of the chain of Haorizi stores, and its plans for continued expansion, from founder Jia Dongmei.


The full text of the letter can be viewed at


Esprit CEO Garr Winters commented; "We are very pleased to share this letter from Good Life CEO Jia Dongmei. Investors will receive excellent insight into the continued growth of the Company, as well as a sense of the cultural differences between China and North America".
 
Posted by playtime on :
 
Here's the actual letter:
Letter from CEO Jia Dongmei to ShareholdersDear Sir or Madam,

Glad to notice you that Good Life and Esprit officially signed restructuring and listing agreement on Nov.28, 2007. We are now preparing necessary document to relevant authorities. The reverse merger is expected to complete before Jan 1, 2008. At that time, Good Life will obtain a new stock code and CUSIP code and list in US.

It is no doubt that the news is so encouraging! Our experience and team left good impression to Mr. Garr Winters, CEO of Esprit, and his team. Both of us are full of confidence that we can make more opportunities in China and develop our business.

Since its establishment in 1998, Good Life has developed with surprising speed. On the Christmas Day in 1998, the first store of Good Day named Unity in Cangzhou opened. It had area of 70 square meters, and accommodated 3300 varieties. With the high praise of customs, its sale achieved 15,000 RMB on the same day, creating the highest gross margin and average benefit of single shop of Hebei industry, which indicated the lucky start of Good Life.

Good Life developed rapidly in these 9 years. Its sale and stores increased with the speed of 95% every year: from 1 store to 1,600; from 5 shareholders to 100; annual sale increased from 30,000,000 RMB to 500,000,000; annual profit increased from 300,000 RMB to 17,000,000; from the first team of 5 people to the management team of 50…So far, we have experienced the joy of sharing success in the progress of growth, the tough revolution of business star up and innovation; the failure of the market management, the advancement of turning passive acceptance to active enterprising. Diligent management, continuous improvement and creation of experience and new mode form the brand culture and value of Good Life. We are so pleased that we made a young, professional and dedicated team with good ability of learning and creating.

During these 9 years, our team led our staff, owners of franchise stores, cooperative suppliers making lots of contributions and achievements in the progress of serving customers, attending social commonweal activities, upgrading the business management and developing franchised stores. We have won highly praise of customers, suppliers, and stores owners. With the support of the government, society and banks, we have established good reputation, obtaining extensive support and praise from public and medias.

We have won a lot of awards from government during the past 9 years:

Member of China Chain & Franchise Association, Enterprise of Franchise Registration

Member unit of Hebei Chain & Franchise Association

First franchise commercial enterprise passed the certification of ISO9000 Quality System

China Famous Commercial Enterprise

China Famous Commercial Service Enterprise

Credit level AA enterprise of Industrial and Commercial Bank of China (ICBC)

Excellent experimental enterprise of “Market Project of Thousands of Villages and Townships” of Ministry of Commerce of PRC

One of the industry leaders of Hebei circulation sector

Demonstration unit of Hebei enterprise informationalization application

The Consumer Creditable Unit of Hebei Province

Demonstration enterprise of Hebei E-Business

Hebei Famous Commercial Enterprise

Most Competitive Enterprise on the Market of Hebei Province

Hebei Famous Commercial Service Enterprise

From 2005 to 2007, Good Life launched the plan of retail franchise stores through E-net in Chinese country, which won encouragement of project of country informationalization, innovation fund, and stores exploitation of Market Project of Thousands of Villages and Townships from China government.

Due to the attention and exploitation it made to country market, Good Life achieved great successful these years. The company makes use of its own brand, marketing mode and management skill to extend chain sites from city to country, forming the development pattern of integration of urban and rural, and the interaction between urban and rural, exploring a path to develop rural market with the feature of Good Life.

According to the developing requirement of market and enterprise, making use of eternal site of supermarket in rural areas, brand influence of multi-year management of chain supermarket, credit advantage, and powerful logistics delivery system, Good Life established rural E-business integrated service platform in 2006 which combined “chain supermarket real net” and “E-business fictitious net”. Since it is the first platform of China rural E-business, the governments pay more attention to it. Therefore, Good Life won many awards as China Famous Commercial Enterprise, Demonstration unit of Hebei enterprise informationalization application, Demonstration enterprise of Hebei E-Business, and Most Competitive Enterprise on the Market of Hebei Province, etc.

Influence of Good Life in rural areas: Good Life is the first retail enterprise that entered in China rural market. Since 1998, it has 9 years’ experience in country and villages in the field of retailing. Good Life has profound understanding of rural market and consumption habit of peasants, and established stable foundation in rural market.

Every franchise store joined Good Life can upgrade its business management, especially in rural area: first, “Good Life” peasant shop makes good demonstration there, and many grocery shops run by couples want to join “Good Life”; second, franchise stores win excellent profit that the average sale is 1,200 RMB per day, and the profit reaches 1,000-3,000 monthly. The sale of all franchise stores joined Good Life increases by more than 50%. For example, one store in Liminju Village of Hejian is a private store before joining, with the daily sale is only hundreds RMB; after joining Good Life, the average sale achieves 3,000 RMB per day. Third, normal peasant shop of “Good Life” has a great variety of goods. It is welcomed by peasants because of the proper price, good reputation and service. Peasants say that “Good Life” bring them good life.

Management mode of Good Life brings profit increase: The management mode of profit of Good Life is consisted by three main businesses: logistics service, business management, and E-business operation service.

Logistics: At present, Good Life has three logistics and distribution centers, with the total area of the centers is 90,000 square meters, 20 trucks, average varieties sending out reach 7,000 per day, separately take charge of the goods supply for stores in Beijing, Shijiazhuang, and Cangzhou. The logistics center adopts commission distribution service, that is, supplier commission logistics center to store goods and distribute goods to stores, and terminal store makes order from the net, pays for goods directly to account of supplier. After supplier’s confirmation, the distribution center will send goods to terminal store. Peasants’ shops distribute goods once every 2 days, and stores in village and town distribute goods once per day. Service fee the company charges for suppliers is 3-5% of distribution expense per year. Compared with original logistics mode, the company reduces more than 3% distribution cost for suppliers. Moreover, through the logistics center of Good Life, suppliers can obtain stable sale market and income, which is also the reason why the logistics service win praise of suppliers. Recently Good Life intends to construct more complete logistics system. Regarding Beijing, Tianjin, and Hebei as the center area, the logistics center may achieve 19 in three years, and extend to the whole country. They will use more advanced system of automatic selection and distribution to improve supply efficiency further.
Business management: With the advantage of store network entering and serving rural area, Good Life directly develops the purchase and sale of agricultural products and sideline products, and provides agricultural production property, fertilizer and other projects. This direct service reduces the supply chain and brings obvious profit. With in the vast market, Good Life vigorously develops business as brand making, exploration and business management, in order to bring alternant and different service to all member stores and peasants members, as diverse native product, special product, diverse goods, proper price for supply, all kinds of products. The service can not only win satisfaction and loyalty of customers, but also strengthen franchise stores’ ability of acquiring profit and competition, bringing more benefit to Good Life in the same time.

E-business operation service: E-business B2B trade platform of Good Life can support stable and high efficiency information system of E-business management and service for real store net, logistics and suppliers; provide excellent service for suppliers, franchise stores, and logistics members, and meanwhile win profit.

Expensive rural market:
China has 950,000,000 rural populations that take 75% of the total population of the country, which provides good opportunity for the construction of supermarket chain. However, the truth that people living dispersedly in most areas influences the collection of business net and the exploration of supermarket chain. In a way, rural market, especially market which regards villages as supply target, is not developed. The particularity of rural population makes the “whole-big, part-small” feature in rural market. The bigger the income and purchase ability of customers are, the higher the turn over of supermarkets. Due to this rule, there are two aspects reflected on the peasants’ income: On one hand, peasants’ income continuously increases every year. The average net income increases from 500 RMB in 1985 to 3,587 RMB in 2006. On the other hand, the increase range of peasants’ income is low. From 1997 to 2003, the extent of average net income keeps below 5%, and the real extent reached 6.2% in 2005, and 7.4% in 2006. Compared with the real extent 9.6% in 2005 and 10.4% in 2006 of urban residents, the income extent of peasants is smaller.

In 2005, the Ministry of Commerce of PRC launched Supermarket Chain Construction Project of Thousands of Villages and Townships, intending to establish 250,000 standard commodity supermarkets in 70% towns and 25% natural villages of the whole country within 3 years. The old market will be changed into the new strategic area for franchise through the powerful support of government. Good Life will also keep developing in such a market.

Looking forward to the future:We plan to open 20,000 stores in Beijing, Tianjin and Hebei area with in 3-5 years, realize 30,000,000,000 RMB deal of commodity, agricultural production and property supply online per year, invest to establish 19 new logistics distribution centers, and finish daily business 100,000,000 RMB of E-business B2B with the market covering Beijing, Tianjin, Hebei, and Shandong. On the basis of such big business service operation network, we will realize our three main businesses step by step, establish system that combines real net and fictitious net of “Good Life franchise stores” + “Good Life E-business platform + new logistics distribution”, and collects services of E-business, franchise management and logistics distribution to rural area, and gradually extend to other service fields as science and technology information, finance, credit of small sum, insurance agricultural futures and so on.

The successful merger with Esprit establishes a fast financing channel for the management and development of the company and the development of rural logistics trade. Good Life is the representative of China northern rural area. Therefore, that you choose to invest in Good Life means you invest in China rural market. We believe that the special mode of E-business Good Life selects to serves rural market has vast developing space. In next 5 years, Good Life will still establish and strengthen the retail marketing and logistics system that face rural area. Regarding suppliers and retailers of rapid consumable as service targets, integrated service system of combination of B2B E-business trade platform, logistics, and retail terminals as operation mode, Good Life will provide more products and excellent service for customers in urban and rural areas, and create the biggest integrated service system that is consisted by retail net chain based on E-business B2B and logistics. The cooperation between Good Life and Esprit is a good start. Esprit can bring new management concept, business mode, advanced managing skill and international experience to Good Life on the management and service to rural area, accelerating the development of the company.

In the end, I want to express my gratitude to all shareholders for your trust ad support. Our target is continuously developing our business and searching for new opportunities to create new value for shareholders. We believe the future of Good Life will be much better.

Jia Dongmei CEO
December 18, 2007
 
Posted by playtime on :
 
Just a heads up (maybe). On IHUB they are saying that there will be major news today to blow this merger stuff wide open. Great for shareholders.
Apparently the info can be found somewhere open to public knowledge, but I can't find it and the company has asked the folks on IHUB NOT to post it because the company wants to release it themselves......should be interesting.

Rumors: Major buybacks and/or share retirement in the billions,
Moving directly to OTC and off Pinks.
 
Posted by gramlich on :
 
Rumors: Major buybacks and/or share retirement in the billions,
Moving directly to OTC and off Pinks. [/QB][/QUOTE]
News like that would be very nice for Christmas. Regardless merry Christmas to all in penny land!
 
Posted by thesource on :
 
Lets hope so , I could use a little extra Christmas jingle in my account right now . I am taking some decent hits on a few others .
 
Posted by BooDog on :
 
Vewy interesting.
 
Posted by kermit42 on :
 
Basically, the IHUB pump crew destroyed whatever remaining credibility they may have had with this stunt. By now, it doesn't even matter if they're right--and unfortunately, there is no reason to believe they are.

Management doesn't need to scam. The IHUB pump crew will scam for them.
 
Posted by BooDog on :
 
lmao

Can lay down on the field and stare up at the night sky and see if you can see the shooting stars. Sometimes there are many sometimes you can't see a dam thing.
 
Posted by kermit42 on :
 
WTF is the matter with this company? The PR cycle isn't exactly an obscure or recent invention. Why can't they get it right?
 
Posted by thesource on :
 
This company is a freakin joke .....
 
Posted by boneyardjeep on :
 
another JMCP?
 
Posted by surgeon of steel on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK)

Finalizes Good Life China MergerLast update:

1/1/2008 10:08:00 AMBEIJING, China, Jan 01,
2008 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (EFGO.PK) , DBA Good Life China announced today that it has finalized and completed the acquisition of Hebei Haorizi Company Ltd. Esprit CEO Garr Winters advised, "We are very pleased to make this announcement. This transaction was a complex one given the fact that Good Life is based in China, and under Chinese law, a Special Purpose Corporation (SPC) is required to facilitate the merge. We must thank Good Life CEO Dongmei Jia and the rest of her management team for working with us in a very harmonious way." The Mina Mar Group was also singled out as being of great assistance in structuring the deal, and helping set up the Belize based SPC and other US filings in a very efficient manner. Their consulting assistance on the regulatory requirements was pivotal to the success of this merger.

The transaction has been structured in the following manner: - Asia Pacific Enterprises Limited, a special purpose company incorporated in Belize, has completed the purchase of 100% of Hebei Haorizi Company Ltd. Asia Pacific has appointed Good Life management to act as officers and directors of the corporation. - Esprit Financial Group has completed the acquisition of 100% of Asia Pacific Enterprises Limited.Winters added, "Good Life is now officially open for business as a public Company in North America. This is a very significant accomplishment, particularly in light of the complex legal process, and the tight time frame within which we have been able to complete all of the filings in 3 different jurisdictions. "In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position.

" About Esprit Financial Group Inc. Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services. About Good Life Group Limited. Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward. Safe Harbor Statement Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities. SOURCE Esprit Financial Group
Copyright (C) 2008 PR Newswire. All rights reserved
 
Posted by bigwormcb on :
 
Think this is a nice way of saying reverse split?
 
Posted by gramlich on :
 
The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding.
Or does it mean to retire outstanding shares? The wording is a bit strange...
 
Posted by boneyardjeep on :
 
So what would that mean to the shareholders if it were retireing shares? This would be a first for me if they did.
I have been getting schooled really good with these pennies.
 
Posted by playtime on :
 
quote:
Originally posted by gramlich:
The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding.
Or does it mean to retire outstanding shares? The wording is a bit strange...

The wording may be strange...but..it's a 1000 to 1 reverse split anyway you want to say it.
Here's the kicker...no where does it state that the Authorized will be reverse split. LOL still 11 billion A/S? Sounds like it to me.
And others are saying A/S went up to 14 billion but that is on Nevada SOS and states EFGO has changed it's name and raised A/S...

At this point.....does it really matter? LMAO
 
Posted by gramlich on :
 
Wording meaning nothing stated about how many shares of good life as stated earlier in the month....
 
Posted by gramlich on :
 
or is this just a str8 split and that talk is gone?
 
Posted by gramlich on :
 

 
Posted by boneyardjeep on :
 
if this was going to be a R/S, then why would there be so any big purchases this morning?
 
Posted by Homersbud on :
 
quote:
Originally posted by boneyardjeep:
if this was going to be a R/S, then why would there be so any big purchases this morning?

It's a 1:1000 R/S. People are hoping this is gonna pull another CJCH or whatever that symbol was that R/S and ran up like 1000% after that.
 
Posted by boneyardjeep on :
 
ah thank you. What is the general census on this one?
any one?
 
Posted by gramlich on :
 
Probably losing money but too stubborn to sell lol
 
Posted by Andreas on :
 
Their news are difficult to read between the lines. Sounds like R/S, but I am not sure.


I flipped some Monday/Today and am running on free shares right now. I will just leave them in there and see what happens. Got them at 0001 and as long as I can sell them for at least the same I only pay the commission - although I would prefer doubling or tripling at least [Smile]
 
Posted by Homersbud on :
 
Yup, 1:1000 R/S, Andreas.

Just be a look out on the daily list to confirm the split.
 
Posted by oldguy on :
 
It is a r-e-v-e-r-s-e s-p-l-i-t. I thought I would spell it out for those who think it isn't. If you have 10 million shares - you will now have 10 thousand, which will quickly go right back down to .0001. I was able to bail at .0002 today, which was double my money less brokerage. I cannot imagine who would buy. The volume is high because those who have been around for awhile know what is coming and they are selling. Good luck.
 
Posted by JimSC on :
 
quote:
Originally posted by Homersbud:
Yup, 1:1000 R/S, Andreas.

Just be a look out on the daily list to confirm the split.

Just stay away from stocks with O/S more
than 400 M shares, or you should expect
R/S sooner or later, even if the ceo
said no R/S.
 
Posted by Stockstar69 on :
 
Normally I'd agree but the company is claiming:

to have indirectly acquired another company with gigantic revenues. 500 million ?

are claiming 1,800 stores are open in China.

uplisting soon (we have heard that one before)

If some of this is true watch out! It could run higher. [Eek!]
 
Posted by BooDog on :
 
.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
.

Another one to be out of my portfolio soon!!
 
Posted by gramlich on :
 
okay Wording could mean that efgo is now a shell while the new company stock yet to be named holds the company itself then efgo no more... dd anyone plz
 
Posted by BooDog on :
 
Here's all the dd you need imo. Any other direction..... Good luck.

"In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."

You wanna wonder about it for a few days.... think about it. What really matters? If the company goes in any direction - any - would you not be able to find it again? What's it all about?
The bottom line. The fishing line used to thread this hook may have been pretty thin that the fish couldn't hardly see it - but if the bait fish are runin away - sumtin bad is comin.
 
Posted by kermit42 on :
 
You're right Boo, the RS is the only thing to think about right now. Everything else is details. The funny thing is, the news had no effect on the stock. I expected EFGO to be no bid by now, but it's trading just like it did before.

As for me, I sold immediately and will watch from the sidelines for a possible post-RS reentry. I think the chances of getting in cheaper, should I so decide, are roughly 100%
 
Posted by Stock4u on :
 
Here is another tip for you YNGR ..... activity has picked up significantly lately and there is no bid. Really, no where to go but up. I think they are cooking something up caus ethe volume has really increased over the last few weeks.
 
Posted by Stockstar69 on :
 
quote:
Originally posted by Stock4u:
Here is another tip for you YNGR ..... activity has picked up significantly lately and there is no bid. Really, no where to go but up. I think they are cooking something up caus ethe volume has really increased over the last few weeks.

[Big Grin] Bingo! I think you are right on target! [Big Grin]
 
Posted by gramlich on :
 
01.04.08Additional details on Reverse Merger with Good LifePosted in Announcements at 3:38 pm by admin

We have had a number of enquiries regarding the press release announcing the finalization of the reverse merger with Good Life. Additional details that will answer most of these questions are noted below.

There will be additional major transactions to be announced shortly. The Closing of the reverse merger with Good life is the first step of the plan. The initial recapitalization process was designed to achieve two objectives:

1. Prepare the Esprit Shell to acquire Canden Financial Group.2. Protect investors from artificial manipulation from naked short selling by significantly reducing the number of shares outstanding, and canceling all outstanding share certificates and re-issuing share certificates exclusively to legitimate shareholders.

Additionally, the Company has changed its name to Monarc Corporation, again, in anticipation of the acquisition of Canden Financial Group.

The second stage of the plan will see all of the assets of Good Life (including Esprit operations) vended in to another Pink Sheet company that is fully listed (versus trading on an unsolicited basis) shortly.

Current Esprit shareholders will receive a special stock dividend of shares in the destination shell, resulting in shareholdings in both companies.

The need for this second stage became evident in the last quarter of 2007. Despite important advances and announcements made by Esprit, the share price appeared to be manipulated to keep it trading well below its true value. After extensive consideration, management believed that this manipulation was facilitated by two key factors;

1. The stock was trading on an unsolicited basis only, and there was less transparency regarding bid/ask prices as a result.2. The number of shares outstanding was too large for the purposes of Good Life.

It was therefore decided to vend the assets of Good Life into a fully listed Pink Sheet shell. The Company is currently completing the filings necessary to complete this second stage of the reverse merger with Good Life. We had hoped to have this completed before the year end, but the holiday season took its toll.

The third stage of the plan is to complete the acquisition of Canden Financial Group into the Esprit Shell. The Company has effected a name change with the Nevada Secretary of State to Monarc Corporation. We are also awaiting updates to the Company officers to work through the system.

Ultimately, Good Life China will be a fully listed Pink Sheet company, and Esprit will acquire Canden Financial Group and move forward as Monarc Corporation. The share structure of each Company will be significantly improved for the benefit of their respective investors.

As originally noted, current shareholders will receive shares in both companies.
We shall see
 
Posted by Stockstar69 on :
 
Yes, this is looking to POP but I don't know why it hasn't already?
 
Posted by gramlich on :
 
sick volume at eod anyone know whats up?
 
Posted by kermit42 on :
 
14 billion AS, 11 billion OS, upcoming RS.

I'll give you 3 billion guess as to what's up.
 
Posted by gramlich on :
 
lol
 
Posted by J_U_ICE on :
 
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Changes Name to MonArc Corporation
TORONTO, Jan. 9 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com DBA Good Life China www.goodlifechina.com announced today that its corporate name has been changed to MonArc Corporation. It is anticipated that MonArc will receive a new CUSIP number and new ticker symbol within the next several business days, or as soon as this process can be completed by the governing bodies.

The next major step forward will see the sale of current Esprit assets, including those of Good Life China, vended in to an inactive Pink Sheet Shell Company which will qualify for Pink Checkmark status (meeting all current disclosure requirements as defined by the Pink Sheets, LLC.) In addition, EFGO will issue a special stock dividend of shares, in this newly created Goodlife company to the current EFGO shareholders on record.

Outgoing Esprit CEO Garr Winters advised; 'It has been agreed that the 2 companies will issue a joint press release upon the closing of this transaction. We are making very good progress working through this series of related transactions. Obviously, there are a lot of filings and securities related work being done, given the ambitious nature of this undertaking. Our understanding is that all of the paperwork is in place, and the transactions can proceed forward with the Pink Sheets, transfer agents, State agencies, regulators and other requisite parties'.

Shortly thereafter, MonArc Corporation will complete the acquisition of the Canden Financial Group (www.candenfinancial.com)

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.

About Good Life Group Limited.

Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.

About Canden Financial Group

Canden Financial Group Inc. is a full service leasing company specializing in simple and fast equipment leasing and financing solutions for both vendors and end users.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group


Source: PR Newswire (January 9, 2008 - 5:08 PM EST)

News by QuoteMedia
www.quotemedia.com
 
Posted by Andreas on :
 
Monarc Corporation (Monarc) Previously Esprit Financial Group (EFGO.PK - new ticker symbol pending) To Retain IFGX Division

Jan 10, 2008 05:00:00 (ET)


TORONTO, Jan 10, 2008 /PRNewswire-FirstCall via COMTEX/ -- Monarc Corporation announced today that it has successfully negotiated the rights to retain ownership of Esprit's IFGX division, which specializes in Mergers and Acquisitions (M&A).

Incoming CEO Steen Elgaard advises; "This is an 11th hour development that is very exciting for us. In our discussions with Garr Winters, we became familiar with the IFGX division that he had set up under the EFGO umbrella. When we found out that the IFGX division owned two SB2 qualified shell companies Pristine 1, and Pristine 2, plus 2 eligible shells Harbour 1 and Harbour 2 our interest was piqued.

As it happens, we have been approached by several companies from Denmark seeking to go public in the U.S. While this is not our core business, we didn't want to pass up such an ideal opportunity. The final piece of the puzzle came together when Mr. Winters brokered an agreement with the Mina Mar Group to quarterback these reverse merger opportunities as needed".

Incoming CEO Steen Elgaard, originally from Denmark, has previously worked in the mergers and acquisitions sector, most particularly with K. Kapital Group Inc. His reputation and extensive network of contacts provided the impetus for these M&A opportunities.

Elgaard added; "Garr had put together an excellent asset in the IFGX division, with significant business opportunities. We are in his debt for putting this package together on our behalf in a manner that provides benefits to all parties involved.

Furthermore, we were very impressed with his concept of providing existing EFGO shareholders with a special stock dividend in the new Pink Sheet Company acquiring Esprit's assets. In my experience I see this as one of the most innovative ways to provide shareholders with added value for their long term loyalty. This very unique model the new management may adopt, and our plans are to offer Monarc shareholders special stock dividends in the IFGX owned shells as they are spun off in the future. My commitment is to endeavor to continue enhancing shareholder value any way we can."

About Monarc Corporation

Monarc Corporation (formerly Esprit Financial Group Inc). is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services. It recently acquired Good Life Group Limited in a reverse merger. It's assets are currently in the process of being vended in to a separate Pink Sheet Company that will meet Pink Sheet 'Pink Checkmark' disclosure requirements.

Canden Financial Group Inc. is a full service leasing company specializing in simple and fast equipment leasing and financing solutions for both vendors and end users. It is in the process of being vended in to Monarc Corporation on a reverse merger basis.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group
 
Posted by Stockstar69 on :
 
quote:
Originally posted by Stockstar69:
Yes, this is looking to POP but I don't know why it hasn't already?

Ah ha! Maybe today we shall get that POP!
 
Posted by gramlich on :
 
pps goes down on that news? huh
 
Posted by oldguy on :
 
you're not going to get a pop because of the more than likely r/s.
 
Posted by playtime on :
 
quote:
Originally posted by oldguy:
you're not going to get a pop because of the more than likely r/s.

It's not "more than likely" it is "definate"

Here's the lastest updates by the company if you are interested in reading
http://goodlifechina.com/townhall/
 
Posted by gramlich on :
 
whatever they are doing with the r/s doesn't change the fact that they are set to make huge profits as good life is going to end up China's circle K. I'm hangin on. In fact I am buying
 
Posted by Stockstar69 on :
 
quote:
Originally posted by gramlich:
whatever they are doing with the r/s doesn't change the fact that they are set to make huge profits as good life is going to end up China's circle K. I'm hangin on. In fact I am buying

I agree with you! We are just waiting on the news.
 
Posted by oldguy on :
 
You should know that no matter what they try to pass off as being good about a r/s, the investors always end up losing all their investment. They r/s for one reason only - to sell more shares. They then run the o/s back up to the a/s and do it again. You have been scammed. I sold this the minute I heard the news, took a loss, but did not lose my total investment. In fact, less the commissions, I doubled my money. Run!
 
Posted by gramlich on :
 
Good life has no problem selling goods. It sounds like shrink kills the bottom line. That is corrected quickly with inventory controls. When that happens this will be a VERY profitable company!
 
Posted by gramlich on :
 
Good advise oldguy but I'm not so sure on this one
 
Posted by oldguy on :
 
I bought at .001 and on the day of the r/s news was able to actually, to my surprise, get .0002. I have, however lost money on other reverse splits. As soon as this r/s goes down, you will begin to lose money. It will happen. I have tracked many, many companies who do a r/s and have never seen or heard of any one of them going up in value. They all go down. It is just a fact. No amount of optimism will change the facts.
 
Posted by gramlich on :
 
lol good point but my buy order remains at .0001. It mat trade at .0001 but you can't buy it there. Besides the reason I look at this different is the spin off shares. Oh well it is not like I'm betting the farm on it but I'm holdin on and trying to buy more at .0001
 
Posted by oldguy on :
 
Hey Gramlich - I really hope it works out for you. I hope you are able to write me not too long from now and say "I told you so!" Best wishes my friend. I hope you make a killing on this one.
 
Posted by gramlich on :
 
ty me too
 
Posted by Stockstar69 on :
 
I'm in this for a few shares. Seems entertaining.
 
Posted by binnocent on :
 
quote:
Originally posted by Stockstar69:
I'm in this for a few shares. Seems entertaining.

Confusing if not entertaining!!!!!! I guess this will be the spin off shell for Good Life. Big question is still how many dividend shares of Good Life current EFGO holders will receive!!

----------------------------------------------

The League Publishing, Inc. (The League) (TLGP.PK) Enters into Agreement for Purchase of Assets of MonArc Corporation (Previously Esprit Financial Group - EFGO.PK)
via COMTEX

January 15, 2008

TORONTO, Jan 15, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --

The League Publishing, Inc. announced today that its management and a majority of shareholders have approved a change of business operations, and has entered into an agreement for the purchase of the assets of MonArc Corporation (previously Esprit Financial Group, EFGO.PK - new ticker symbol pending).

The sale will be completed on an all stock basis, for all of the assets of MonArc with the exception of its IFGX division.

MonArc Corporation has recently acquired Good Life China Group, which operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. The Chain currently has a store count of 1,600 and expects to grow to 4,000 stores by the end of 2008.

Incoming CEO Ms. Dongmei Jia advised; "We are very pleased to consummate this deal, which will allow us to become a Current Information (Pink Checkmark) company on the Pink Sheets. This will provide us with the capabilities to continue the very aggressive growth objectives of Good Life in opening additional stores as well as new logistics centers and supporting infrastructure".

In addition, MonArc's North American operations (previously operating under the Esprit Financial Group banner) will be included in the transaction. This includes a diversified portfolio of sub-prime financial services, such as PayDay loans, a Forex trading division, wholesale ATM sales and check 21 clearing services in international markets.

The League is in the process of changing its name to reflect the Company's new operations, as well as obtaining a new ticker symbol and CUSIP number. In addition, a new board of directors and Company officers will be appointed upon completion of the purchase transaction.

The purchase transaction will be coordinated with the ticker symbol changes pending for both companies. This will streamline the process of issuing shares under the correct ticker symbols to all shareholders involved.

About The League Publishing, Inc.

The League Publishing Inc. is a public company that has previously been focused within the broadcasting sector of Latin American television.

About MonArc Corporation (Previously Esprit Financial Group - EFGO.PK)

MonArc (formerly Esprit Financial Group, Inc.) is a public company engaged in a diversified number of online sub prime financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services. It recently acquired Good Life Group Limited in a reverse merger.

About Good Life Group Limited.

Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE The League Publishing Inc.


Copyright (C) 2008 PR Newswire. All rights reserved
 
Posted by dalton05 on :
 
News for 'EFGO' - (MonArc Corporation (MonArc) (EFGO.PK) Enters into Agreement for Sale of Assets to The League Publishing, Inc. (TLGP))


TORONTO, Jan 16, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation (previously Esprit Financial Group, new ticker symbol pending) announced today that it has entered into an agreement for the sale of its assets to The League Publishing, Inc. (TLGP.PK).

The sale will be completed on an all stock basis. As previously announced, Esprit's IFGX division will be retained by MonArc Corporation. All other assets will be transferred in the sale.

Outgoing CEO of Esprit/MonArc Garr Winters commented, "It is EFGO management's understanding that the League (TLGP) has already issued a news release where amongst other things it will be applying for a new ticker symbol along with a name change and a new CUSIP number to reflect the fact that Good Life China will be the primary operating company moving forward. It is also our understanding that the Company will be appointing new officers and directors from within Good Life China's organization."

All parties have agreed that the actual closing and completion of this transaction will be synchronized with the issuance of new ticker symbols for both companies, in order to simplify the share distribution process, and other logistical matters both on the corporate and operational level.

Mr. Winters added, "We now have all of the elements lined up to complete our objectives of vending Good Life China into a Pink Checkmark qualified company.

"We have been advised that the current TLGP management with the assistance of the Mina Mar Group - who played a key role consulting to match the two companies up as well as structuring the transaction - together with the Good Life China management will be working vigorously towards submitting all of the required disclosure documentation to the Pink Sheets, LLC by the time the transaction closes, to obtain the full check mark rating status."

About MonArc Corporation (EFGO)

MonArc (formerly Esprit Financial Group Inc) is a public company engaged in a diversified number of online sub prime financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
It recently acquired Good Life Group Limited in a reverse merger.

About The League Publishing, Inc. (TLGP)

The League Publishing Inc. is a public company that has previously been focused within the broadcasting sector of Latin American television. The company is in the process of acquiring Good Life China, a franchiser with 1600 retail type outlets in mainland China.
 
Posted by Stockstar69 on :
 
Another day, another PR...This does seem interesting.
 
Posted by binnocent on :
 
More pieces of the puzzle.... Latest info on the Town Hall below.............

Doesn't sound to bad. Current EFGO/Monarch shareholders after 1/1000 R/S will receive 1 share of the new Goodlife Company TLGP for every 1 share they have of EFGO/Monarch and also retain their shares of EFGO/Monarch!
-----------------------------------------------


QUESTION:

When will EFGO provide more info on the special stock dividend after EFGO is sold to TLGP?

RESPONSE:

At this time, we can advise our shareholders regarding some of the details related to the planned special dividend. However, there are a number of logistical considerations that are being sorted out between the company’s and the Transfer Agents in order to execute the special dividend properly and as efficiently as possible.Outside shareholders of MonArc (after the reverse split is completed), can expect to receive 1 share of TLGP stock (valued at 70 cents) for each share of MonArc held. Dates of record and payment have not yet been finalized.

Importantly, as TLGP has previously announced, TLGP is expected to have a new name and ticker symbol issued to reflect the purchase of EFGO/Good Life assets, and MonArc shareholders will receive shares under that the new name and ticker symbol.
 
Posted by playtime on :
 
Got this from IHUB, pretty much sums it up right now. Time will tell. If nothing changes (big if) this is an awesome deal, right?


Wait a minute. TLGP is at 70 cents and rite now I can buy one share of it and one of monarc for about 20 cents(1000 shares of EFGO), well I could of today any way.
 


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