Morgan Beaumont's SIRE Network(TM) to Provide Loading Convenience for No Borders' Premier Reloadable Prepaid Card
20 April 2006 - 9:54PM
PR Newswire (US)
BRADENTON, Fla., April 20 /PRNewswire-FirstCall/ -- Morgan
Beaumont, Inc. (OTC:MBEU) (BULLETIN BOARD: MBEU) , a premier
technology solution provider to the Stored Value and Prepaid Card
market and owner of the SIRE Network(TM), today announced that it
has signed a SIRE Network agreement with No Borders, Inc.
(OTC:NBDR) (BULLETIN BOARD: NBDR) , a company in the business of
providing multipurpose re-loadable prepaid cards that offers an
integrated suite of products and services designed to serve the
large and fast growing transnational market. This agreement will
provide No Borders's stored value card customers with enhanced
loading capabilities and access to the over 100,000 locations on
Morgan Beaumont's SIRE Network. R.M. Rosenfeld, Acting CEO of No
Borders, stated, "Convenience is a critical component for No
Borders to facilitate acceptance of its noboCARD(TM). This
agreement with the Morgan Beaumont SIRE Network provides an
additional 100,000 locations for No Borders customers to load money
onto the noboCARD(TM). Our two companies intend to work together to
find solutions which satisfy the needs of our customer base." Cliff
Wildes, CEO of Morgan Beaumont, stated, "One of the reasons No
Borders chose to partner with Morgan Beaumont is our system's
unique ability that allows consumers to write money orders from
their stored value cards. This added feature is just one more step
No Borders is taking to continue its efforts to find innovative
solutions and to enhance its multipurpose re- loadable prepaid
debit cards, payroll direct deposit cards, and long distance
calling cards. We look forward to building on this strong and
innovative partnership." About No Borders, Inc. No Borders, Inc., a
Nevada Corporation, is in the business of providing a debit and
stored value card 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 offers significantly lower cost money transfers
and long distance telephone services, initially focusing on Mexico,
El Salvador and Ecuador, and now adding Pakistan and other
countries in Asia, the Middle East and Africa to its focus after
completing its alliance with InfoSpan Inc. According to
Inter-American Development Bank, Latin American immigrants in the
US sent back home an estimated $40 Billion in 2005 with an annual
growth rate of about 20%. 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. About Morgan Beaumont, Inc. Morgan
Beaumont, Inc. is a Technology Solutions Company located in
Bradenton, Florida, and is one of the premier providers of Stored
Value and Prepaid Card Solutions in the United States. The company
has developed the SIRE Network(TM), a secure, reliable, point of
sale (POS) and PC based software platform that connects retail
merchants with multiple Stored Value/Prepaid Card Processors and
Issuing Banks, in addition to private transaction networks and IVR
and CRM technology. The company owns and operates the SIRE Network
as a standardized, national network of Stored Value and Prepaid
Card cash load stations located throughout the United States.
Morgan Beaumont is a MasterCard Third Party Processor Member
Service Provider (TPP MSP) and a Visa Independent Sales
Organization (ISO). To learn more about Morgan Beaumont, please
visit http://www.morganbeaumont.com/ . Contacts: Erik Jensen,
President Morgan Beaumont, Inc. 941-753-2875 Ken Dennard, Managing
Partner DRG&E / 713-529-6600 DATASOURCE: Morgan Beaumont, Inc.
CONTACT: Erik Jensen, President of Morgan Beaumont, Inc.,
+1-941-753-2875; or Ken Dennard, Managing Partner of DRG&E,
+1-713-529-6600, Web site: http://www.morganbeaumont.com/
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