PERTH AMBOY, N.J., Nov. 10, 2005 (PRIMEZONE) -- U.S. Starcom (Pink Sheets:USTA) is pleased to announce that it has signed a contract with the UC Hub Group Inc (OTCBB:UCHB) subsidiary eSafe, Inc. in the first phase of a multi-phased product rollout.
eSafe will begin this exciting phase of the program by providing a Debit Cash Card for the U.S. Starcom domestic and Latin Markets. This is the first of a series of projects between U.S. Starcom and eSafe. U.S. Starcom has a large distribution network in Bodega Grocery stores and with various Latino media groups, including Hispanic Communications, a company that sells celebrity soccer star products to fans. The U.S. Starcom pre paid products are currently offered through Univision, the largest Latino Broadcasting Television Network in the United States. The company sells pre paid phone cards, pre paid cellular, instant pin cards, rechargeable products, digital entertainment and health care services, among other services.
eSafe will also provide U.S. Starcom electronic payment platform gateways and strategic interfaces for medical software and tools. The electronic payment gateways can be used not only for medical applications that both companies provide, but for other products and services that U.S. Starcom provides.
eSafe President, Alice Kong, states, "The contract between eSafe and U.S. Starcom will complete another strategic milestone in offering virtual banking services to the domestic and rapidly growing international marketplace. We continue to align our company in this international marketplace by offering value-added benefits to each and every debit card member. We will bring to U.S. Starcom unique virtual banking software, combined with online and offline platforms for domestic and international applications. This relationship with U.S. Starcom allows us to continue to expand our domestic and Latino distribution network."
The President and CEO of U.S. Starcom, John DiDomenico, states, "eSafe offers us the banking and cash component that will fulfill the needs of our international-based families and customers. We are excited about the value-added benefits that eSafe brings and the media capabilities of both companies. eSafe provides an accelerated and instant launch into our marketplace with substantial infrastructure and complex processing components already in place with the ATM banking cards, electronic processing, payroll cards, gift cards and MasterCard-flagged debit cards. We had forecasted in our distribution that we would sell 90,000 phone cards per month, and we expect this projected volume to assist in the modeling and rollout of the eSafe debit card."
About U.S. Starcom
A leader in providing value added prepaid services and solutions to enhance communications and entertainment. With a sales distribution network extending to thousands of urban locations, and with no long term debt, U.S. Starcom will continue its rapid expansion into the distribution of alternative communication products and services, including international long distance, prepaid phone cards, wireless dial around applications, stored value services and internet service enhancements. U.S. Starcom is committed to providing affordable access to the latest entertainment offerings from the recording industry through strategic alliances and joint distribution campaigns.
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