E-Monee.com, Inc. (E-Monee) (Pink Sheets:EMNC) is pleased to announce the receipt of a license from the government of Sharjah in United Arab Emirates. The license will allow E-Monee to provide electronic payment solution and electronic banking solutions to over five hundred thousand construction workers in Sharjah, UAE. This license is first in its kind in UAE. The license will allow the Dubai headquarters to serve as the hub for business development and operations in the Middle East.
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 collection, 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.
Considering that E-Monee is dynamically driven to specifically adapt to particular market demands and strives to be the first mover within several niche industries, our goal is to define accessible and profitable markets with best potential for growth. As the “New Online Payment Gateway,” the company’s mission is to manage a significant portion of the world’s non-bankable deposits and transactional volumes. E-Monee’s business model is dynamically driven to specifically adapt to each customer depending on internal requirements and specific industry demands. As a first mover within several niche industries, our goal is to define how accessible, actionable and profitable each opportunity is and to choose the ones with the best potential for growth. E-Monee measures these criteria by the competition, barriers to entry, depth of investment, projected turnover and profit margin.
At the company’s core, E-Monee has developed a proprietary, secure, modular banking engine that supports all levels of client customization, account and cardholder management, payment and fees management and other vital functionalities and services for our clients around the world. Additionally, the platform is complemented by robust user and management Web-based interfaces offering batch and web services to generate accounts, order card issuance, execute disbursement of funds, perform risk management and request financial reporting functionalities. E-Monee also owns and fully operates a private IP network of ATM and POS machines to offer its clients a truly global solution. The flexibility the E-Monee banking engine possesses allows seamless integration of banking institutions globally. E-Monee hand picks its banking partners depending on region, business model and product offering. HSBC (Hong Kong Shanghai Bank Corporation) is our global strategic bank partner. As a result of several contractual agreements with HSBC, the partnership extends across-boarders and ranges in product offerings. The partnership highlights each company’s core competencies to deliver superior business offerings which build a true competitive advantage within the payments industry. E-Monee is a member service provider as an issuing processor of affinity programs for cards bearing the VISA and Electron payment marks under HSBC Panama’s association membership.
E-Monee’s founding group continues to lead the vision and direction of the company. The group is integrated by an active line of experience within the banking, information technology, telecommunications and payments industries. The company’s vision is to build shareholder value by delivering new alternative payment solutions that contribute to the global economic development while maintaining the highest compliance standards. By accomplishing this, E-Monee benefits from transactional income and longer duration of float balances on deposit – “accounts settled not yet paid.”
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:
Wael “Maj”
Majdalawi, PE, 561-368-4700
or
Investor Relations Department,
561-393-1491
