E-Monee Updates Shareholders on Progress and Development.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- E-Monee.com, Inc. (E-Monee) (Pink Sheets:EMNC) is pleased to update our shareholders on the progress of our exciting developments. Considering that E-Monee is dynamically driven to specifically adapt to particular market demands and thrives to be the first within several niche industries, our goal is to define accessible and profitable markets with best potential for growth. * We, at E-Monee, provide an online payment solution that provides turn key and customized financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to a diversified group of market niches. * We own and operate our proprietary financial platform which was and continues to be developed in-house. * We use the latest technology to enhance security for electronic funds transfers See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. . Our technology is flexible, scalable and supported by extensive risk management capabilities. * We market, sell and support our payment solutions, by having a vertical operational structure to maximize our sale and customer responsiveness efforts. * We provide a unique banking system for those individuals that may be foreign nationals, expatriates, or persons that no longer have good credit and can not find use for today's modern banking systems. Recently, E-Monee focused on expanding its operation into the Middle East with international headquarters based in Dubai, UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. in order to reach the under banked market. The under banked market consists of foreign nationals, expatriates, and those who cannot obtain a bank account. In-depth market research revealed that the under banked target market in the Gulf Cooperation Council (GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). ) countries is over 12 million. The E-Monee system will facilitate basic financial instruments for foreign nationals and expatriates that will secure payroll, reduce remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. costs and provide convenience wiring instruments. We initially intend to serve the under banked market by establishing satellite offices throughout Dubai work force areas. The work force areas consist of 3.5 million workers that can utilize E-Monee services. The satellite offices will serve as the point of contact and disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. for the work force in Dubai. The satellite offices are located within the work force compound areas and will serve as a convenient and accessible financial access for the un-banked workers. About E-Monee E-Monee is a Florida based company with its core product being a hybrid which integrates technology and global telecommunications with banking (www.e-monee.com). The result is a Global Electronic Treasury System which facilitates the instantaneous in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. and affordable collections, movement, disbursement, and deposit of funds for individuals and companies located worldwide. Within the dynamic electronic payments arena, E-Monee is penetrating untapped niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. which are in need of replacing cash, checks and antiquated systems. E-Monee's proprietary systems deliver a business model that allows E-Monee to meet the demands of our niche markets. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. |
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