Press Release Source: Global Explorations, Inc.Global Explorations, Inc.: Pay Your Bills via SMS; Mobile Banking the next Step
Thursday December 9, 8:21 am ET
KAMLOOPS, British Columbia, Dec. 9, 2004 (PRIMEZONE) -- Global Explorations Inc. (Other OTC:GXXL.PK - News) will be adding an additional feature to its product next year, when the company shall roll out its SMS Bill Pay service. Using this service, customers shall have the ability to pay their bills via SMS. The company believes that SMS Bill Pay is how the majority of the bills will be paid for within the next few years.
The company has conducted extensive research in this field. There are a few government agencies in India, which are currently using SMS Bill Pay. So far, SMS Bill Pay has been very successful. Since the U.S. markets for SMS messaging solutions are a few years behind that of the rest of the world, the company can evaluate what works and what does not work overseas, before it brings that technology to the U.S. consumer.
Once SMS Bill Pay is successful, this will lead to Mobile Banking as the next logical step in the evolution of SMS.
Once SMS Bill Pay is up and running, Global shall receive a small percentage of each bill that is being paid via SMS, along with the fees for the SMS message. PayPal which was acquired by eBay (NasdaqNM:EBAY - News), was extremely successful in its business model of letting customers pay for their bills. If SMS Bill Pay is successful, customers who had a cell phone could pay their bills without even logging onto the internet.
Global is striving to increase shareholder value.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
Contact:
Global Explorations Inc.
Staff
(250) 579-9914
investors@millenniumsms.org
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