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 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. 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 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) 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 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 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 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.
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 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 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.
Contacts:
PR Contact:
Wael Majdalawi,
954-229-3011
