posted
True it hit .0006 earlier with a 66% green. But i dont see any news? Any suggestions to buy?
Posts: 276 | From: Wichita, KS | Registered: Aug 2009
| IP: Logged |
GT Legend Automotive Announces Strategic Partnership With Greenlink Interactive
FULLERTON, CA--(Marketwire - 09/14/09) - GT Legend Automotive Holdings Inc. (Pinksheets:GTLA - News) announced recently that a Binding Letter of Intent had been signed to acquire Sovereign Transfer Services Corp. GT Legend now announces that Sovereign Transfer Services Corp., trading as Sovereign Card Services, is forming a joint venture with Greenlink Interactive, to develop PODS (point of decision systems) that will allow the sender and recipient to see each other "LIVE" during the banking transaction. These PODS will be deployed in high traffic retail locations such as grocery stores, malls, mini-marts and major retail stores worldwide.
Sir Michael Burton-Prateley, CEO and President of Sovereign, remarked, "We are delighted to be partnered with Greenlink to bring an important service to those who are currently disadvantaged through lack of access to safe, reliable and inexpensive cash management services. In addition we believe that in pioneering deployment of reverse ATM equipped PODS, we can empower individuals to take complete control of their banking activities -- depositing, withdrawing and transferring funds and paying bill at the POD, in real time and at very attractive charges. There are over 40 million Americans who do not currently have bank accounts -- we will offer a compelling 'banking system' to these valuable individuals and provide a low cost platform for US-based individuals to support their families and dependents anywhere in the world."
Jim Wheeler, CEO of Greenlink Interactive, commented, "I am excited about the future and the ability Greenlink Interactive and Sovereign will have to reconnect families throughout the world."
About GT Legend Automotive Holdings Inc.:
GT Legend Automotive Holdings, Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. GTLA is in the process of acquiring Sovereign Transfer Services Corp., trading as Sovereign Card Services. Sovereign Card Services provides both VISA and MasterCard, secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer or money order. For more information, visit www.sovereigncardservices.com.
About Greenlink Interactive:
Based in Corona, California, Greenlink Interactive is a technology-driven service company that has developed new hardware, software and methodologies to better serve customers in a number of venues. Based upon proven technology, science, engineering, product design, and products that have been successfully developed over the past decade. For more information, please visit our website at www.greenlinkinteractive.com, or contact our Investor Relations Department at 1-888-548-3002.
Posts: 20 | Registered: Jan 2007
| IP: Logged |
posted
I do like this company and I am in the green already. The only thing I question is that they are involved so many differing markets and that kind of raises a red flag for me. The company was setup to market a hybrid type device for automobiles, but they have gone into natural supplements and now ATM machines. I just don't see a clear road for this company so be carefully with your investments. Just my .02 cents.
Posts: 20 | Registered: Jan 2007
| IP: Logged |
posted
Related Quotes Sym. Price Chg. GTLA Trade News 0.0006 0.0001 GT Legend Automotive Announces Strategic Partnership BetweenSovereign Transfer Services and the Largest Chinese AmericanBenevolent Association to Tap US$6.0 Billion Market
Sep 21, 2009 16:15:30 (ET)
BALTIMORE, MD, Sep 21, 2009 (MARKETWIRE via COMTEX) -- GT Legend Automotive Holdings Inc. (PINKSHEETS: GTLA) announced recently that a Binding Letter of Intent had been signed to acquire Sovereign Transfer Services Corp. GT Legend now announces that Sovereign Transfer Services, t/a Sovereign Card Services, has formed a strategic marketing partnership with the Fujien American Benevolent Association in New York and San Francisco to offer its debit card programs to the Association's members.
Sir Michael Burton-Prateley, Executive Chairman of Sovereign, remarked, "We are delighted to be partnered with the Fujien American Benevolent Association, the oldest and largest Chinese Benevolent Association in the United States, representing approximately 1,000,000 Fujien Chinese Americans in greater New York and almost 350,000 in the San Francisco area; the highest concentration of Chinese Americans in the United States.
"The US outbound remittance market is approximately US$70 Billion, per annum and China is the second largest recipient of global remittance funds, approximately US$40 Billion, per annum. Estimates suggest that remittances into China from the US are approximately US$6-9 Billion, per annum, with the greatest concentration occurring one month prior to the Chinese New Year holiday. Remittance transactions to China are typically 3-5 times greater in value than those to Mexico. Fujien Province receives the largest volume and value of all remitted funds into China.
"This is an important community, which is industrious and has a proud record in philanthropy, both in the United States and in China. We look forward to working with the Association to offer our unique, low cost, 'bank in a card' products and will actively support its noble civic initiatives through the establishment of a Charitable Education Trust in memory of the former New York Association President, Mr. Sui Mui Chan.
"We are currently reviewing our options for the provision of other services, including bank to bank transfers for our clients, including into China, but will not be working with Envoy Services Ltd., in this regard."
Mr. Yee Dai Shek, on behalf of the Association, commented, "The Fujien American Benevolent Association is pleased to be working with Sovereign Card Services and to be able to offer a valuable service to its members, initially in Greater New York and San Francisco, followed by other US and international cities."
About GT Legend Automotive Holdings Inc.
GT Legend Automotive Holdings Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. GTLA is in the process of acquiring Sovereign Transfer Services Corp. trading as Sovereign Card Services. Sovereign Card Services provides both VISA and MasterCard, secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer or money order. For more information, visit www.sovereigncardservices.com .
Investor Contact: Tom Parilla Parilla Investment Group 814.824.4326
posted
I'll be watching this one today because of the above news that was released late yesterday.
Posts: 602 | From: Minneapolis | Registered: Jul 2009
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
