Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
EFGO [ Esprit Financial Group, Inc ]
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by dalton05: [QB] 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) [URL=http://www.espritfinancialgroup.com]www.espritfinancialgroup.com[/URL] 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 [URL=http://www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.]www.wallst.net/audio/audio.asp?ticker=EFGO&id=3421.[/URL] 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 [URL=http://www.cashnow.org.]www.cashnow.org.[/URL] - Forex: The Company's Forex Trading division offers an innovative low- cost Forex trading service at [URL=http://www.cashnow.com]www.cashnow.com[/URL] 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. [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2