No Borders, Inc. Concludes Agreement with Federation of Co-Operatives in Mexico.

LOS ANGELES -- No Borders, Inc., (OTCBB: NBDR), a Nevada Corporation, announced today that it has executed an agreement with the Asociacion Mexicana de Uniones de Credito del Sector Social, called "AMUCSS" pursuant to which the AMUCSS' credit union branches will deploy the No Borders Stored Value Card and Platform, providing payments of funds remitted from the United States to No Borders' cardholders in Mexico. The charges for a money transfer to an AMUCSS payout location will be significantly lower than the charges that would otherwise be incurred when U.S. residents send money via the No Borders stored value card platform to the same areas in Mexico.

In a unique partnership for North America, No Borders will provide AMUCSS with an advanced technology platform to offer a wide range of financial services to migrants in the U.S. as well as their families in Mexico who become members of affiliated local credit unions. AMUCSS consist of 12 Mexican Credit Unions located in rural and semi-rural areas in Mexico, with a membership of in excess of 10,000 members. For over 12 years the associated Credit Unions have provided their members with valuable financial services, including depository accounts and small business and personal loans. Located in the most inaccessible rural migrant sending regions of Southern Mexico, AMUCSS is an internationally renowned pioneer in financial services to markets traditionally ignored by established financial institutions. It is expected that this unique collaboration will set a new standard for the rest of the Mexican credit union sector, which consists of approximated 1,500 credit unions with nearly 1 million members.

No Borders is in the business of providing a debit/stored value card and 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 also offers significantly lower cost money transfers and long distance telephone services, with its initial focus on Mexico and El Salvador. According to the Federal Reserve Bank of Dallas, Mexican immigrants in the U.S. sent back to Mexico an estimated $13.3 billion in 2003, and as of March 31, 2004, the numbers increased by 22% when compared to the same three-month period in 2003. 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.

Dr. Raul Hinojosa, co-founder, President and Chairman of No Borders, is a Professor of political economy in the Cesar Chavez Center at UCLA and a leading authority on the subject of the economic integration between the United States and Latin America. Dr. Hinojosa states, "We have made it a priority to generate alliances with credit unions on both sides of the border. The alliance with AMUCSS represents the first of many other alliances No Borders intends to conclude with Credit Unions throughout Mexico. These alliances facilitate No Borders' ability to be able to provide lower cost remittance services through our Stored Value Card and Platform to what generally are deemed underserved communities, while at the same time offering a range of low cost financial services and products to families in Mexico, with payments through our stored value card guaranteed by members of the same family residing in the United States. For example it is anticipated that Mexicans in the US could service a small business loan made by an AMUCSS Credit Union to heir families in Mexico via regular payments through the No Borders Stored Value Card."

For further information, contact Al Kau, Investor Relations in California at [phone].

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. 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.