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Author Topic: EFGO [ Esprit Financial Group, Inc ]
dalton05
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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.

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playtime
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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".

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dalton05
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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.

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J_U_ICE
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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".

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

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J_U_ICE
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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".



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

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BooDog
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Time sure does fly by quick. Thanks Juice. [Confused]

--------------------
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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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."

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

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kermit42
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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

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

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CashCowDave
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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.

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playtime
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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.

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kermit42
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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.

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

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bobcat88
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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.

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

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mindspin311
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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.
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BooDog
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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.

--------------------
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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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!

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

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FrankNitti
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Hahaha...no doubt..


GOOD GOOOOGLY MOOOOGLY!

11 BILLION A/S

LMAO

--------------------
Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)

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dalton05
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get in early - to da moon
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tmanfromtexas
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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...

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In the end, trust only yourself when trading stocks.

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dalton05
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early trades going through.Could be a good sign.
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mindspin311
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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.
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just speculating
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mindspin why?
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mindspin311
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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.

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just speculating
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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
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FrankNitti
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1 billion in volume and NADA....

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Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)

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BooDog
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5b more to go.

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

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kermit42
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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.

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Me Trade Pretty One Day.

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just speculating
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50% gainer isn't so bad but I'm not selling after my dlav experience this month
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Homersbud
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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.

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just speculating
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you should be able to now but don't
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Homersbud
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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.
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just speculating
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wow hang on...
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Homersbud
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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.
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just speculating
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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.
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Homersbud
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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.

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just speculating
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got the baby trades *.0002 keeping it down. someone wants panic sells be patient Vol picking up!
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