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Share Name | Share Symbol | Market | Type |
---|---|---|---|
cMoney Inc (CE) | USOTC:CMEY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
HOUSTON, Jan. 9, 2012 /PRNewswire/ -- cMoney, Inc. (Pinksheets: CMEY.PK - News), a leading technology company at the forefront of international mobile phone-based payment and money transfer services, announced today that the Company will venture into the rapidly growing "Virtual World", a sector expected to reach $14 Billion by 2014. "While we begin to unveil our cutting edge cMoney solution, we expect to quickly integrate our technology in the virtual world," stated Paul Matthews, CEO of cMoney, Inc. "With the overwhelming popularity of Facebook, and now publicly traded Zynga, we're entering the virtual market at a perfect time. This industry is expected to double within 2 years."
The interesting objective is the potential ability to exchange purchased items, for example, with Facebook credits; or, at least, exchange Facebook credits for physical items at a store. The ability to facilitate this would mean the creation of a channel (cMoney) to trade between the real physical world and the virtual world by using a single currency system. Essentially, this is a trade settlement system for Facebook credits to build up the economic value of that virtual currency.
While cMoney continues the audit process, the Company will work to offer other virtual alternatives in the real world. "With our upcoming cloud integration with Sirius Computer Solutions, we'll be able to integrate this virtual experience faster and more securely than ever," concluded Matthews.
About cMoney, Inc.
cMoney provides innovative secure mobile payment solutions for mobile phone users, retailers and financial institutions globally. The Company has developed an innovative way to send and receive money, pay for goods and services during a POS or online transaction, conduct transactions on their customized ATMs, and provide an online banking atmosphere utilizing patented mobile phone and text messaging technology. Scheduled to debut in 2012, the pioneering technology will create a "virtual wallet" which will eliminate exposure to identity and credit card theft for users. It can be used anywhere that cash, checks, debit or credit cards are accepted.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
Contact:
Jeffrey Staller
President
Heritage Corporate Services, Inc.
(561) 210-5675
Jeffrey@HeritageCorporateServices.com
SOURCE cMoney, Inc.
Copyright 2012 PR Newswire
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