AmigoMoney Launches Debit Visa Card Specially Designed for the Hispanic Market; Prepaid Card Intended to Become the Premier Choice of the Latin Community.

MIAMI -- Miami-based AmigoMoney announced today the launch of a new Debit Visa(R) Card designed and targeted for the Hispanic community in the USA.

AmigoMoney is a Hispanic owned and operated company. Now an estimated 43.5 million strong, Hispanics are a fast growing, diverse ethnicity, representing 15 percent of the US population and a purchasing power estimated at $686 billion dollars in 2004. Despite the vast potential, the Hispanic market holds many challenges, largely due to the range of cultures and the varying degree of language preferences. This represents an opportunity for AmigoMoney, which speaks the same language and understands the needs of the Hispanic community.

AmigoMoney provides prepaid cards for the Hispanic community in the United States. Available at authorized retailers, the AmigoMoney Card is a reloadable prepaid card that allows simultaneous and concurrent use by both the original purchaser and an authorized cardholder - potentially a friend or relative located within the US or abroad. Issued by BANKFIRST, the card is accepted everywhere Visa debit cards are accepted and can be used for cash withdrawals at Visa(R) and Interlink(R) ATM machines across the globe.

AmigoMoney Visa Cards are available to consumers without extensive credit checks, monthly payments, or bank account requirements.

In its immediate approach to the Hispanic market, AmigoMoney has the support of its sister company Grupo Nueva Generacion (New Generation Group), the world's most powerful Mexican Regional Music management office. With its groups Montez de Durango and Los Horoscopos de Durango, who will appear as spokespersons on TV and radio spots for AmigoMoney, Grupo Nueva Generacion holds 80% of the Latin entertainment industry and they always are in the Top 10 music charts.

With this presence in the music industry, AmigoMoney will have greater visibility in all commercial outlets and retailers, and in all their live shows as well. We are confident that in a very short time AmigoMoney will reach out to consumers and will be leader in its field.

AmigoMoney prides itself in offering a prepaid payment card solution at very competitive prices; offering promotions as well as providing excellent customer service for new, returning and recurring clients.