E-monee.com, Inc. (E-monee) (Pink Sheets:EMNC) is pleased to announce the signing of a ten million dollar Agreement with Cartier Consultants, Inc. in Germany. Cartier Consultants, Inc. is an investment organization that represents a Middle East oil industries investment group. The terms of the Agreement are based on a ten million dollar loan to E-monee in return for a three year investment of a certain amount of E-monee’s common stock which will be held in escrow during the term of the agreement. The shares will be returned upon repayment of the monies in three years. The interest of the loan is based on LIBOR rate. The loan will be utilized by E-monee to expand its existing operation in the Middle and the Far East including E-monee’s extensive payroll operations in Dubai, UAE.
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 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 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.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to: factors detailed in E-monee.com, Inc.'s (formerly Coffaro Family Products, Inc.) Securities and Exchange Commission filings; failure of registration statements to be declared effective; the loss of contracts or failure to acquire new contracts; success of any legal actions; failure to successfully implement newly developed product lines including projected increases in revenues or earnings; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by E-monee.com, Inc. or any of its subsidiaries; failure to obtain or maintain regulatory approval for products and services offered by E-monee.com, Inc. or its subsidiaries; failure to complete the development and commercialization of alternative energy products or services; adverse equity market conditions and declines in the value of E-monee.com, Inc. common stock; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and E-monee.com, Inc. disclaims any intent or obligation to update these forward-looking statements.
