MonoBank PLC
MonoBank PLC Reports Progress Towards Launch of MonoOne Prepaid Card
MonoBank PLC / Product Launch 18.01.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- London, United Kingdom - (For immediate release) - January 18th, 2009 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 EUR 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. In 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 PLCMonoBank 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 18.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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