LOS ANGELES, July 11 /PRNewswire-FirstCall/ -- UC Hub Group, Incorporated (BULLETIN BOARD: UCHB) is pleased to announce that eSafe, Inc., its card membership division that distributes prepaid debit and gift cards, phone cards and administers loyalty benefits programs, has signed a contract with Ingenicard US, Inc., a Swiss based leader in the electronic cash industry that operates one of the first and largest Cash Exchange Platforms in the world. Ingenicard has an international presence that will immediately be applied to the marketing of the eSafe card in Latin America. Ingenicard is already entrenched and growing with 900 service branch locations in Argentina, Brazil and Peru with plans for further expansion into neighboring countries.
Ingenicard will market the eSafe loyalty cash card to its customer base in the finance, retail, travel and casino sectors using its authorized sales agents located in key international markets ready to sell and service the eSafe line in 8 different languages. This prime strategic alliance with strong and growing distribution channels and an international customer base is ideally suited for capturing significant market share in the many rapidly developing South American economies. Ingenicard anticipates selling tens of thousands and up to one hundred thousand initial eSafe loyalty and cash cards in the first year of operations in both domestic U.S. markets and the presently targeted Latin American markets.
Strategic long term goals are to achieve multiples of hundred thousand plus active users for eSafe's consumer base in these target markets. These goals are integral to eSafe's strategy of building multiple streams of income from sources that provide steady recurring revenues. Core to this revenue generation is the steady accretion of eSafe processing fees from debit payments, cash loading and ATM withdrawals. The first international venture under the terms of this agreement is expected to be finalized this week with plans for immediate implementation. This contract will be announced soon after it is signed.
eSafe and Ingenicard will also jointly market a menu of products and services on a closed loop platform to an international marketplace. Closed loop services include privately branded cards like eSafe or client branded cards with usage limited to specific retail chains. eSafe will provide additional service for merchant credit and debit processing services, check services, gift cards and script terminals to Ingenicard clients. Future programs may include producing eSafe open loop card programs with the MasterCard logo for Ingenicard on an international basis with eSafe acting as the registered MasterCard program manager. Potential sales opportunities will be explored for other UC Hub divisions, including the marketing of VoIP installations by AllCom.
Alice Kong, President of eSafe, comments on the implications of the immediate acquisition of this international distribution pipeline for eSafe products, "We feel strongly this partnership with Ingenicard will give eSafe the ability to accelerate an immediate penetration into the Central American and South American marketplaces while simultaneously building up strategic synergies for the other major continents. It is important that we have parallel thrusts in diverse marketplaces by being partnered with organizations that have market penetration on multiple continents. The accumulation of details that have gone into building the eSafe platform has produced an infrastructure that is not reproducible by any known competitors. UC Hub and eSafe are now seeing the benefits of these time consuming preparations as partners and clients are seeking out our services on either a complimentary service or full partnership basis. Many additional negotiations are currently under way."
Juan Valmana, the President of Ingenicard, states, "Being able to offer real benefits and value through a tracked member based cash card will become the future of safe banking tools for the internationally diverse markets we all need to serve. We have international staff ready to assist and accelerate the eSafe card program. I am thrilled to be partnered with UC Hub which was quick to recognize these complementary marketplaces we presently serve and continue to expand in."
Ingenicard US, Inc.
http://www.ingenicard.com/
About UC Hub:
UC Hub Group Inc. (BULLETIN BOARD: UCHB) is a digital distributor of electronic services to businesses and municipalities. Presently, UC Hub Group offers communication services that include online billing, Wi-Fi, VoIP, long distance, phone systems, software, Municipal Government software, membership loyalty cards and banking services through, eSAFE Inc. to "Digital Cities". The value consists of proprietary technology, strategic relationships, leveraged digital distribution capability, existing customers, and a one-stop- shop to run a "Digital City" and its transactional based electronic services. A "Digital City" will potentially have many of the important sectors (the neural network comprised of Banking, Government, Communications, Health, Education, and Entertainment,) available for connection to a Digital Access Hub in 2005 for its' member base.
http://www.esafecards.com/
http://www.uchub.net/
http://www.allcomusa.com/
http://www.ot2.com/
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to implement eSAFE on a national scale, the future market price of UCHB common stock and UC Hub's ability to obtain the necessary financing.
L.G. Zangani, LLC provides financial public relations service to the Company. As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of monies, capital stock in the Company, warrants or options to purchase capital in the Company.
