Calgary, June 12, 2003 (PRIMEZONE) -- Hal Schultz, Chairman of MoneyFlow Systems International Inc., (OTCBB:MNYF) announced today that Europus Capital Strategies analyst Tony Kukeli has issued a research report on the company.
Mr. Schultz commented, "Obtaining independent coverage is an important step in increasing the overall exposure to our industry and particularly our company, from the perspective of an expert's analysis."
As of June 1, 2003, the Company manages 450 ATM and POS locations in Canada, primarily in the Provinces of British Columbia, Ontario, Alberta and Saskatchewan. The Company currently processes over 2,340,000 financial transactions annually. The Company has no bank debt.
About MoneyFlow Systems International Inc.
MoneyFlow Systems International Inc. is a Nevada corporation. CA$H STATION(r) is the Company's registered trademark. Through its wholly owned Canadian subsidiaries, Security Bancorp Inc. (SBI) and Intercash POS Systems Ltd., its business is to supply, install, maintain and manage electronic funds transfer (EFT) terminals, e.g. Automated Teller Machines (ATMs), and Point of Sale (POS) Terminals to facilitate the convenient dispensing of cash, purchase payment systems and other services to merchants and consumers. In addition, the Company has recently begun to manufacture and sell its proprietary "Remote Access Digital" surveillance systems to businesses and homes. Users of the Surveillance systems may view their location live, anytime from anywhere there is internet access.
Safe Harbor
The Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, the performance of joint venture partners, as well as other economic, competitive and technological factors involving the Company's operations, markets, services, products and prices.