Global Vision CEO Speaks to CEOCast.LA JOLLA La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif. -- Global Vision Holdings Inc. (Pink Sheets: GVHL GVHL Global Vectra Helicorp Ltd. (Mumbai) ), a developer and worldwide wholesale marketer of a new generation of prepaid financial service products, announced today that its CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Jack Chang, has been interviewed by CEOCast.com, a leading source of original and syndicated streaming broadcast interviews of chief executive officers at public and private news-making companies. Visitors to CEOCast may listen to streamed audio of the interview with Chang at: http://www.ceocast.com/company.cfm?cid=17318. During the interview, Chang addressed the latest trends in the 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. sector, including the increasing use of stored value products as a cost-effective payroll tool as well as the most inexpensive means of transferring money to relatives overseas. He also discussed his company's revenue model, which strives to create recurring revenue streams from a global customer base through mass distribution marketing channels. "Our company is also working on new approaches to payment systems," added Chang. "Mobile ecommerce, for instance, will begin to emerge as a safer means of handling transactions than PC-based ecommerce because of the encryption inherent on mobile devices; PCs are not encrypted and therefore can be monitored. Global Vision is working on highly secure techniques to purchase products via cell phones, such that when PC-based transactions begin to be viewed as dangerous, we will be ready to complement the industry with our new approach." Chang predicted that Global Vision will be profitable this year, and projects his company's profits to continue to grow exponentially in 2005. He expects this growth may help the company to begin trading on one of the major exchanges within the next two years. About GVHL GVHL is a developer and wholesale marketer of a new generation of prepaid (also known as "Stored-Value") financial products and services. The company's CEO, Jack Chang, is the co-inventor of the ATM machine (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. and a pioneer in the use of magnetic strips on bankcards, electronic funds transfer systems Electronic Funds Transfer Systems A variety of systems and technologies for transferring funds (money) electronically rather than by check. Includes Fedwire, automated clearringhouses (ACHs) and other automated systems. , and PC-based in-bank systems. The company specializes in worldwide distribution of pre-paid bank debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , retail gift cards, telephone calling cards, and healthcare and insurance products, serving a multibillion-dollar global marketplace. Prepaid debit cards are in great demand by businesses and individuals both domestically and worldwide, with the market outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. virtually untapped. Other planned products and services for GVHL debit/stored value cardholders and distributors will include low-cost life insurance and discounted healthcare plans. For more information, please visit www.Global-Vision.com. Legal Notice Regarding 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. : "Forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Global Vision disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies. |
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