BRADENTON, Fla., Nov. 1, 2006 (PRIMEZONE) -- Morgan Beaumont, Inc. (OTCBB:MBEU) today announced that Mr. Erik Jensen has submitted his resignation as the company's President effective November 14, 2006. To further assist Morgan Beaumont, Mr. Jensen has agreed to remain involved with the company on a consulting basis through February 28, 2007.
Mr. Jensen is leaving the company in order to form Jensen & Associates LLC, which will assist companies in identifying and implementing technology solutions to achieve maximum potential in their marketplace.
"I have enjoyed working with the team at Morgan Beaumont to bring this company to its leadership position as the largest value load Network in the U.S. I will continue to assist in my new capacity as a consultant and look forward to assisting other companies, in the stored value space and other areas to identify critical technology solutions to take their business to the next level," stated Mr. Jensen.
Jerry R. Welch, Morgan Beaumont's Chief Executive Officer, stated, "Erik has contributed significantly to the development of our company and we will miss him. We wish him well in his new business venture."
About Morgan Beaumont, Inc.
Morgan Beaumont, Inc. is an innovative financial services company headquartered in Bradenton, Florida and a provider of Stored Value and Prepaid Card Solutions. The company has developed the SIRE Network(tm), a secure, reliable, point of sale (POS) and PC-based software platform that connects retail merchants with multiple Stored Value/Prepaid Card Processors and Issuing Banks, in addition to private transaction networks and IVR and CRM technology. The company owns and operates the SIRE(tm) Network as a standardized, national network of Stored Value and Prepaid Card cash load stations located throughout the United States.