Emonee com (CE) (USOTC:EMNC)
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E-monee.com, Inc. (E-monee) (Pink Sheets:EMNC) is
pleased to announce that it has entered into a Joint Venture Agreement
with Talal Zainy Company to market its Global Electronic Treasury
System (GETS). The newly formed Joint Venture will be a Saudi Arabian
Corporation and will be named "E-monee Saudi Arabia". The Joint
Venture's principal place of business will be in the Abbar and Zainy
Tower, Jeddah, Saudi Arabia. As part of the terms of the Joint
Venture, Talal Zainy will become a significant shareholder of E-monee
and will sit on the Board of Directors.
E-monee has targeted Saudi Arabia as one of its initial niche
markets. "In depth market research convinced us that E-monee will play
a major role as a provider of Global Electronic Treasury Services to
emerging multi-national companies in Saudi Arabia. We look forward to
the opportunities presented by this Joint Venture," said Estuardo
Benavides, E-monee's CEO.
The Joint Venture has already begun its marketing campaign and
expects to announce additional relationships before the end of the
month.
E-Monee.com, Inc. is a Florida based company with its core product
being a hybrid which integrates technology and telecommunications with
banking. The result is a Global Electronic Treasury System (GETS)
which facilitates the collections, movement, disbursement and deposit
of funds for individuals and companies located worldwide. As a
newcomer to a dynamic electronic payments arena, E-monee.com is
embarking into the brightest stage of development, penetrating
untapped niche markets which are in need of replacing cash, checks and
antiquated systems. To do so E-monee.com offers a combination of
technology and banking joined with a global telecommunications network
to deliver a business model that allows E-monee.com 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.