No Borders, Inc. Announces Agreement with Merchant Based Load Network
2006年10月24日 - 10:00PM
ビジネスワイヤ(英語)
No Borders, Inc. (Pink Sheets:NBDR) announced that it has signed an
agreement with Transaction Management LLC (TMLLC) to provide No
Borders' stored value card customers with enhanced loading
capabilities at Merchant payment locations throughout the United
States. Any No Borders� customer will be able to load funds onto
his or her noboCARD� at any of the TMLLC participating Merchant
locations simply by handing the desired amount of funds to the
Merchant. The noboCARD� is the No Borders prepaid reloadable debit
card product for the unbanked and migrant community which is
scheduled for deployment during the fourth quarter of this year,
pending regulatory approval of certain specific card features. Raul
Hinojosa, President of No Borders, stated, �This agreement with
TMLLC together with the Company�s agreements with Western Financial
LLC and Morgan Beaumont and their respective load networks will
provide convenient locations for No Borders� customers to load
money onto the noboCARD�.� Ron Phillips, President and Interim CEO
of TMLLC, stated, "We are excited to have expanded our relationship
with No Borders and provide load services for the No Borders
noboCARD�, a premier offering in the markets they serve. By adding
the TMLLC load network to their load options, No Borders can offer
customers an economical and convenient way to load funds on to
their cards.� About No Borders, Inc. No Borders, Inc., a Nevada
Corporation, is in the business of providing financial services and
products that include a debit and stored value card platform
through which a variety of financial and commercial services and
products can be offered to residents of developing countries and to
immigrants from those countries who reside in the United States and
send money back home on a regular basis. No Borders offers
significantly lower cost money transfers through licensed money
transmitter partners and financial institutions and long distance
telephone services, initially focusing on Latin America, and now
adding Pakistan and other countries in Asia, the Middle East and
Africa to its focus after completing its alliance with InfoSpan
Inc. According to Inter-American Development Bank, Latin American
immigrants in the US sent back home an estimated $40 Billion in
2005 with an annual growth rate of about 20%. The Company believes
that it will accelerate its penetration into this growing market,
first by reducing the excessive costs currently charged to the
consumer, and second by offering a full range of financial and
commercial services and products to this emerging transnational
market, at significantly lower prices. About Transaction Management
LLC Transaction Management, LLC is a leading electronic payment
services company providing electronic transaction services and
walk-in payment services to a nationwide market. Among its product
offerings, TMLLC currently markets the EmpaSys� Walk-In Money
Solutions from Security Bank. The company offers services through
its channel partners and referral agents for electronic commercial
banking and walk-in payment services. These services, along with
the many other electronic payment processes that the company
provides, enhance merchants' ability to increase their walk-in
traffic, increase their revenues, and accept payments anytime,
anywhere and in any fashion. Certain statements in this release and
other written or oral statements made by or behalf of the company
are "forward-looking statements" within the meaning of the federal
securities laws. Statements regarding future events and
developments and our future performance, as well as management's
expectations, beliefs, plans, estimates or projections relating to
the future are forward-looking statements within the meaning of
these laws. The forward-looking statements are subject to a number
of risks and uncertainties including market acceptance of the
company's services and projects and the company's continued access
to capital and other risks and uncertainties outlined in its
filings with the Securities and Exchange Commission, which are
incorporated herein by reference. The actual results the company
achieves may differ materially from any forward-looking statements
due to such risks and uncertainties. These statements are based on
our current expectations and speak only as of the date of such
statements were made. The company undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of future events, new information or otherwise. No
Borders, Inc. (Pink Sheets:NBDR) announced that it has signed an
agreement with Transaction Management LLC (TMLLC) to provide No
Borders' stored value card customers with enhanced loading
capabilities at Merchant payment locations throughout the United
States. Any No Borders' customer will be able to load funds onto
his or her noboCARD(TM) at any of the TMLLC participating Merchant
locations simply by handing the desired amount of funds to the
Merchant. The noboCARD(TM) is the No Borders prepaid reloadable
debit card product for the unbanked and migrant community which is
scheduled for deployment during the fourth quarter of this year,
pending regulatory approval of certain specific card features. Raul
Hinojosa, President of No Borders, stated, "This agreement with
TMLLC together with the Company's agreements with Western Financial
LLC and Morgan Beaumont and their respective load networks will
provide convenient locations for No Borders' customers to load
money onto the noboCARD(TM)." Ron Phillips, President and Interim
CEO of TMLLC, stated, "We are excited to have expanded our
relationship with No Borders and provide load services for the No
Borders noboCARD(TM), a premier offering in the markets they serve.
By adding the TMLLC load network to their load options, No Borders
can offer customers an economical and convenient way to load funds
on to their cards." About No Borders, Inc. No Borders, Inc., a
Nevada Corporation, is in the business of providing financial
services and products that include a debit and stored value card
platform through which a variety of financial and commercial
services and products can be offered to residents of developing
countries and to immigrants from those countries who reside in the
United States and send money back home on a regular basis. No
Borders offers significantly lower cost money transfers through
licensed money transmitter partners and financial institutions and
long distance telephone services, initially focusing on Latin
America, and now adding Pakistan and other countries in Asia, the
Middle East and Africa to its focus after completing its alliance
with InfoSpan Inc. According to Inter-American Development Bank,
Latin American immigrants in the US sent back home an estimated $40
Billion in 2005 with an annual growth rate of about 20%. The
Company believes that it will accelerate its penetration into this
growing market, first by reducing the excessive costs currently
charged to the consumer, and second by offering a full range of
financial and commercial services and products to this emerging
transnational market, at significantly lower prices. About
Transaction Management LLC Transaction Management, LLC is a leading
electronic payment services company providing electronic
transaction services and walk-in payment services to a nationwide
market. Among its product offerings, TMLLC currently markets the
EmpaSys(TM) Walk-In Money Solutions from Security Bank. The company
offers services through its channel partners and referral agents
for electronic commercial banking and walk-in payment services.
These services, along with the many other electronic payment
processes that the company provides, enhance merchants' ability to
increase their walk-in traffic, increase their revenues, and accept
payments anytime, anywhere and in any fashion. Certain statements
in this release and other written or oral statements made by or
behalf of the company are "forward-looking statements" within the
meaning of the federal securities laws. Statements regarding future
events and developments and our future performance, as well as
management's expectations, beliefs, plans, estimates or projections
relating to the future are forward-looking statements within the
meaning of these laws. The forward-looking statements are subject
to a number of risks and uncertainties including market acceptance
of the company's services and projects and the company's continued
access to capital and other risks and uncertainties outlined in its
filings with the Securities and Exchange Commission, which are
incorporated herein by reference. The actual results the company
achieves may differ materially from any forward-looking statements
due to such risks and uncertainties. These statements are based on
our current expectations and speak only as of the date of such
statements were made. The company undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of future events, new information or otherwise.
No Borders (CE) (USOTC:NBDR)
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No Borders (CE) (USOTC:NBDR)
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