MISSISSAUGA, Ga., Nov. 18, 2004 (PRIMEZONE) -- AllPennyStocks.com announces its latest article by Glenn Wilkins, an AllPennyStocks.com News Reporter, this one discussing Morgan Beaumont (OTCBB:MBEU), its industry and future prospects.
Wilkins notes that Morgan Beaumont, founded in 2000, has specialized in global technology solutions for the financial services market. It has developed a propriety load platform technology and growing retail presence to serve the mushrooming sub-prime financial marketplace. Its headquarters are located in Sarasota, with Western sales offices in Southern California.
Morgan's retail load platform consists of proprietary, standards-based software, plus a number of retail locations numbered in the tens of thousands throughout the U.S., a number it hopes will reach 100,000 by the end of 2005.
The premise is simple, notes Wilkins, each cardholder pays a certain fee to keep the card alive. Each time the customer buys something using the card or loads cash onto the card, a transaction fee is charged. The reckoning is that customers will find the card so convenient they will use it frequently, perhaps several times each day, thus enhancing profitability.
The full version of this special report on Morgan Beaumont can be found at:
http://www.allpennystocks.com/apsc/us/article/mbeu_november_16_2004.htm
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