MonoBank News

Monobank PLC Officially Launches MonoOne Prepaid Card

London, United Kingdom – (For immediate release) – March 12, 2010 18:30 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to advise that the MonoOne prepaid card program offered by our wholly-owned subsidiary Mono Prepaid Ltd. has now been officially launched.

The MonoOne Prepaid Card is available for immediate purchase at Mono Prepaid’s website (www.monoprepaid.com). The Company has also put in place German speaking customer service capabilities, and will be ready to serve the European market in English and German, with other languages to follow as the marketing campaigns is rolled out to the Spanish and other EU markets.

Company management is extremely pleased to announce this important business milestone. It has successfully cleared all the hurdles in place, and is now officially open for business.  It will begin fulfillment of the backlog of cards that have been requested by consumers and hopes to have the first cards out in the mail later this week.

The Company will begin actively marketing and promoting the innovative prepaid card through online channels shortly.  One of the key features of this new card is that there are no transaction fees charged on purchases for goods and services in the United Kingdom.  This makes the MonoOne card more attractive to UK Consumers who are ‘underbanked’, as they may use the card freely for small everyday
purchases.

About MonoBank PLC:
MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:
This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ
materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. ‘Safe Harbor’ Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain ‘forward-looking’ statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Copyright (c) 2006-2010 MonoBank PLC. All rights reserved.

For further information please contact:
MonoBank PLC.
Investor Relations Department 
+ 44 (0) 20 7788 7986        

MonoBank PLC Reports Progress Towards Launch of MonoOne Prepaid Card

London, United Kingdom – (For immediate release) – January 19th, 2010 18:30 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to provide an update on the MonoOne prepaid card program offered by our wholly-owned subsidiary Mono Prepaid Ltd.

 The prepaid card program is in the final stages of approval, and we have received a provisional card production date of 12th of February with an expected completion date of the 19th of February, 2010.  Once completed we will test the program for approximately one week, after successful testing, the program will be reach for launch.  

The fee structure, card design and the program term and conditions are completed and approved, including the www.monoprepaid.com  website card ordering; card loading; and account management components.  Once the program is fully approved, the Mono Prepaid website will be live and available to prospective card holders.

The MonoOne card proposed fee structure has been finalized and the retail card purchase price for the card will be £ 9.95 in the United Kingdom and € 13.50 in the European Union.   Retail Point of Sale cardholder purchases within the U.K. are free and a small fee applies to purchases outside the UK and within the EU.  Cardholders can load money on their cards using the Internet, the SMS functionality of their mobile phone or at retail locations for a minimal fee. Transaction fees and monthly service fees are low to ensure cardholder loyalty.

SEPAIn addition to the U.K., the MonoOne card will be available for purchase throughout the SEPA 31 member countries of the Single Euro Payments Area (SEPA), which includes Belgium; Bulgaria; Denmark; Germany; Estonia; Finland; France; Greece; Iceland; Italy; Liechtenstein; Lithuania; Luxembourg; Latvia; Malta; Netherlands; Norway; Austria; Poland; Portugal; Romania; Sweden; Spain; Slovenia; Slovakia; Czech Republic; Hungary; and Cyprus, with a total population of over 500 million people.

MonoBank PLC management is confident that the company will be in a position to start marketing the MonoOne card shortly for fulfillment in February of 2010.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention.  We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:
This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:
MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright © 2006-2010 MonoBank PLC. All rights reserved.

MonoBank PLC 2010 Corporate Update – 06.01.2010

London, United Kingdom – (For immediate release) – January 6, 2010 18:30 Frankfurt CET

 

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to provide an update on the MonoOne prepaid card program offered by our subsidiary Mono Prepaid Ltd.

The prepaid card program is in the final stages of approval, and we are currently awaiting prospective card production dates.  Our suppliers are working diligently to complete the final step of the process and we are confident that this will be finalized shortly.

The MonoOne card design has been approved, please see final design below.

MonoOnecardThe fee structure, card design and the program term and conditions are completed and approved, including the www.monoprepaid.com  website card ordering, card loading and account management components.  Once the program is fully approved the Mono Prepaid website will be live and available to prospective card holders.

The MonoOne card proposed fee structure has been finalized and the retail card purchase price for the card will be £ 9.95 in the United Kingdom and € 13.50 in the European Union.   Retail Point of Sale cardholder purchases within the U.K. are free and a small fee applies to purchases outside the UK and within the EU.  Cardholders can load money on their cards using the Internet, the SMS functionality of their mobile phone or at retail locations for a minimal fee. Transaction fees and monthly service fees are low to ensure cardholder loyalty.

MonoBank PLC management is confident that the company will be in a position to start marketing the MonoOne cards in February 2010, depending on the card production timelines.   The company will have a final production date within the upcoming days and will provide and update when available.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention.  We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:
This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:
MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright © 2006-2010 MonoBank PLC. All rights r
eserved.

MonoBank PLC Corporate Update – 16.11.2009

London, United Kingdom – 16.11.2009 – MonoBank PLC Corporate Update

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to announce that the company  is currently on schedule for the deployment of its Mono One card prepaid card, offered by its subsidiary Mono Prepaid Ltd. (www.monoprepaid.com)

The company is pleased with the progression of the program and plans to have the monoprepaid.com website live within the coming weeks. The monoprepaid.com site will provide detailed information on the pricing, card features, terms and conditions, and provide the ability to order cards online.

The company is finalizing the MonoOne card terms and conditions in accordance with the required regulatory and supervisory organizations and our primary suppliers.  Once this has been completed the company will be in a position to provide marketing details on the card program and announce the pricing and fee structure.

In other Company news, MonoBank is pleased to announce the release of a White Paper entitled ‘Consumers Increasingly Turning to Prepaid Cards in Europe’, which will be posted on the MonoBank website shortly.

MonoBank PLC management ensures that they are on plan in the execution of their business plan and anticipates a successful marketing launch of the MonoOne card and are very confident that consumers will find the pricing and fee structure very attractive.

Disclaimer & Safe Harbor Statement:

This release may contain certain “forward-looking statements” with respect to certain of MonoBank PLC’s plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words “believes”, “intends”, “expects”, “plans”, “seeks” and “anticipates”, and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond MonoBank PLC’s control including among other things, UK and European domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which MonoBank PLC operates. As a result, MonoBank PLC’s actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in MonoBank PLC’s forward-looking statements. MonoBank PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright (c) 2006-2009 MonoBank PLC. All rights reserved.

MonoBank PLC Launches New Website and Corporate Logo

London, United Kingdom – (For immediate release) – October 14th, 2009 16:00 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, announced today that its new website is now live, and can be found at www.monobank.com.  The new website is the first application from the Company to incorporate its new logo. In addition to a cleaner fresh new look, the website programming has been completely rewritten from the ground up to improve user navigation and has been developed to load much faster than the previous site, all with an aim to improve the user experience.  The website is now fully scalable, uses the latest technologies in Content Management and will also improve Search Engine Optimization capabilities.

New content will include an RSS news feed on the home page which will scroll pertinent industry related news on a continuous basis.  The Company will also be adding additional content of interest including industry related white papers and other features.

In other Company news, management plans to release the fee structure for its upcoming "Mono One" prepaid debit card (expected to launch later in this 4th quarter in European markets) in the near future.  The new fee structure will be incorporated into its website content at that time.

Management also advises that a new website for its wholly owned Mono Prepaid subsidiary is under development, and it is hoped that this website will launch by the end of the year or early in the first quarter of 2010.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention.  We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:

This release may contain certain "forward-looking statements" with respect to certain of MonoBank PLC’s plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words "believes", "intends", "expects", "plans", "seeks" and "anticipates", and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond MonoBank PLC’s control including among other things, UK and European domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which MonoBank PLC operates. As a result, MonoBank PLC’s actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in MonoBank PLC’s forward-looking statements. MonoBank PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright (c) 2006-2009 MonoBank PLC. All rights reserved.

MonoBank Announces PLC to Launch New Website and Corporate Logo

London, United Kingdom – (For immediate release) – October 6th, 2009 11:30 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, announced today that it will be launching a new corporate website as well simultaneously introducing a new corporate logo. The new website is expected to go live the week of October 12th, barring any unforeseen delays.

The Company management required a branding solution for the upcoming launch of its new ‘MonoOne’ Card prepaid card solution later this quarter, and took the opportunity to revisit its corporate logo and website and refresh of all of its contact points with various stakeholder groups.

Management is reportedly very pleased with the new look, and thinks it will meet with a very positive reception. The new website will have improved functionality and be significantly easier to navigate.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:

This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright © 2006-2009 MonoBank PLC. All rights reserved.

MonoBank Announces Agreement With Prepaid Financial Services

London, United Kingdom – (For immediate release) – August 25th, 2009 8:00 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, is pleased to announce we have signed an agreement for the provision of a white-label branded prepaid debit card solution with Prepaid Financial Services Ltd. (PFS). PFS is a global payment and processing solution provider located in London, United Kingdom. The PFS solution has been specifically tailored with enhanced functionality to meet the unique requirements of MonoBank PLC, creating one of the most integrated and technologically advanced solutions available today in the transaction processing market. The program rollout will take approximately 12 weeks from start to finish.

This re-loadable prepaid card solution – the MonoOne card, integrates mobile payment applications or m-transaction banking combined with the security of the MasterCard(R) (including Chip and PIN) and Visa(R) global processing networks in collaboration with numerous issuing banks around the world. The MonoBank prepaid cards can be used to make purchases and access cash at over 28 million locations worldwide. By collaborating with PFS, MonoBank can provide a proprietary solution offering Internet and SMS/text functionality and Mobile Payment System (MPS) solutions for loading and transfering funds, enabling clients to securely manage their funds using the MonoOne prepaid card and their mobile phone.

MonoBank will initially target the UK and European markets with a single card solution – the MonoOne platform. Customer sales and service will support all markets speaking English, French, German, Italian and Spanish.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual
attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement

This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Act of 1995.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright © 2006-2009 MonoBank PLC. All rights reserved.

MonoBank announces the MonoUno Money Transfer Card System for the Hispanic market

London, United Kingdom – (For immediate release) – June 25th, 2009 8:00 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, is pleased to announce the introduction of the Mono Uno two card system. The Mono Uno system allows the sharing of funds with family and friends abroad and reduces expensive money transfer fees.

The Mono Uno card system is a new two-card system that makes purchasing and money transfer easier and safer than ever for the millions of Hispanic workers who live in the United States and who send more than $40 billion abroad each year. The Mono Uno Twin Card Packet is an ATM/debit card system that does not require the Card user to set up a bank account and it can be used by the cardholder to send money to family and friends almost anywhere in the world. The cardholder simply sends the 2nd Uno Card to the person they want to send money to. The U.S. main cardholder deposits funds as they would with any other transaction, while the other person outside the country with the other card is able to obtain the funds from over 900,000 ATM machines worldwide.

Nearly 35 million Hispanics reside in the United States. Hispanics are the fastest growing segment of the U.S. population. It is estimated that approximately 50% of Hispanics are unbanked and regularly send money home. In 2007, nearly $35 Billion dollars were sent from the U.S. to Mexico, Central and South America.

Mono Uno is normally less than half the price and is expected to drive significant sales, profits and residual income for our future retail partners. An analysis by the Multilateral Investment Fund and Pew Hispanic Center on remittances found that lowering wire transfer fees by just five percent could generate annual savings of $1 billion for Latino households here and internationally. According to the report, one key reason for high fees is a lack of competition from banks and credit unions.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:

This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright © 2006-2009 MonoBank PLC. All rights reserved.

MonoBank PLC acquires assets of UK Logic PLC and enters Mobile Money Transfer Market

London, United Kingdom – (For immediate release) – April 15th, 2009 9:00 AM

MonoBank PLC, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, is pleased to announce the acquisition of 95% of the outstanding shares of UK Logic PLC. The all stock transaction is subject to further due diligence and the approval of regulatory authorities; MonoBank expects to close the transaction in 30 days, at which time the particulars will be released.

UK Logic PLC, a private UK company, develops mobile payment technology solutions and holds an exclusive license for a Mobile Banking System (MBS) and Mobile Money Transfer System (MTTS) enabling clients to use their mobile phone or the internet to transfer money worldwide. UK Logic MBS allows customers to complete money transfers (value transfers) and simple financial transactions using their mobile phone or PDA utilizing SMS messaging services and a stable and secure financial transaction software platform.

The World Bank and GSM association estimates that the global mobile money transfer and banking activities will double the number of recipients of money transfers to more than 1.5 billion from 200 million in 2006 and will quadruple in size creating a market of $1 Trillion dollars by 2012 from $250 billion dollars in 2006. Mobile money transfer services are gaining popularity in developing countries where far more people own mobile phones than have bank accounts. The global money transfer industry transaction revenues are expected to reach 18 billion by next year, according to Aite group.

Monobank PLC management is excited by this acquisition as it represents an extension of our current product offering and allows us to generate revenues from the billion dollar money transfer market. Once the transaction is complete, MonoBank plans to launch the MonoRemit money transfer service in June of 2009.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:

This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright © 2006-2009 MonoBank PLC. All rights reserved.

MonoBank PLC acquires assets of Detect ID Theft Inc.

London, United Kingdom – (For immediate release) – February 14th, 2008 6:00 PM BST

MonoBank PLC, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, is pleased to announce the acquisition of 100% of the outstanding shares of Detect ID Theft Inc. The all stock transaction will be valued at approximately € 10,333,800.00 (euro dollars) based on current market value for MonoBank shares trading on the Frankfurt Stock Exchange. Detect ID Theft Inc., specializes in providing software solutions to protect against the theft of a person’s identity. Identity theft is the fastest growing crime in America; 9.9 million victims were reported in 2006, according to a Federal Trade Commission survey. Identity theft can mean years of ruined credit, enormous losses of property, and even a person’s arrest for crimes committed by a thief in your name.

Monobank PLC management believes this acquisition will complement the current company products and will form an integral component for the MonoBank solutions for the credit challenged. This acquisition will benefit MonoBank shareholders by creating additional shareholder value and provide a valuable asset for the company. Detect ID Theft shareholders will be provided with the liquidity of the public markets and become part of a larger public company with a global presence and financial strength.

About Detect ID Theft Inc.

Detect ID Theft Inc., a US company incorporated in the State of Delaware in May of 2006, utilizes a patent pending web based technology that searches thousands of public and private electronic databases and proactively detects potential security breaches and the use of a person’s personal information. If the person’s information is found in a suspicious place the system pulls the suspect information behind the firewall, reviews it, instantly notifies them of a problem, and immediately provides automatic recovery options. The technology is the only truly proactive identity theft prevention, protection, and recovery tool available.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:

This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7043 3710

Copyright © 2006-2008 MonoBank PLC. All rights reserved.

 
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