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Author Topic: EFGO [ Esprit Financial Group, Inc ]
kermit42
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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).

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Me Trade Pretty One Day.

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kermit42
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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

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Me Trade Pretty One Day.

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mindspin311
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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.

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KaiserSose
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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".

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BooDog
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giddyup!

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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mindspin311
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930Est and still nothing posted..
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J_U_ICE
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http://cashnow.com/espritfinancialgroup/wp-content/uploads/2007/06/firstquarterr esultsv13.pdf

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The difference between genius and stupidity is that genius has its limits

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KaiserSose
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7'ssss
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madmoney
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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!]
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kermit42
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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.

--------------------
Me Trade Pretty One Day.

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playtime
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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........
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madmoney
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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!!!
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bowlegtroy
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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.

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"Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)

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bowlegtroy
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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.

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"Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)

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kermit42
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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.

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Me Trade Pretty One Day.

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BooDog
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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.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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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.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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KaiserSose
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nice PR, let's hope BRGE stays away today then we could see 0.0008's IMO
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bowlegtroy
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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.

--------------------
"Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)

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playtime
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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

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kermit42
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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.

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Me Trade Pretty One Day.

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bobcat88
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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

--------------------
"Man who excels at putting worm on hook is Master Baiter"

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kermit42
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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.

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Me Trade Pretty One Day.

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dalton05
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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.

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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.

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BooDog
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"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.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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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:

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MichaelAdamGreen
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A decent close of .0008 can we see .001 by the end of the week?
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IceCold
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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]

--------------------
Investment Is Important, but Knowing where to make an Investment in your life makes all Difference

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mindspin311
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omg, it's slowly going UP!! That's not supposed to happen lol
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kermit42
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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!

--------------------
Me Trade Pretty One Day.

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IceCold
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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!

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Investment Is Important, but Knowing where to make an Investment in your life makes all Difference

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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.

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dalton05
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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.

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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".

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