LOS ANGELES, Feb. 20, 2008 (PRIME NEWSWIRE) -- UC Hub Group, Inc. (OTCBB:UCHB) and its wholly owned subsidiary eSAFE, Inc. (d/b/a eLuxe Financial, "eLuxe") announced today that they have acquired assets of Unlimited Diversity, Inc. which includes the Patent issued by the U.S. Patent and Trademark Office, for ancillary services tied to a debit card and dual card remittances, the trademark registered as PODER, the videos, the media commercials, brochures, websites dully approved in English, Spanish and Portuguese, and the contracts with Banks, Processors, and Ancillary Services Providers, for an undisclosed amount of money and stock. PODER represents that they had expended over $800,000 to build this patent and Latin-based company. These assets and other such patents or licenses will then be utilized for the eLuxe international strategic partners.
The CEO, Larry Wilcox, states that this is another piece to the virtual banking and patent strategy in the international marketplace and will accelerate our growth into Latin countries and other continents. Enrique Pallares, the CEO of PODER states, "I am excited about working with Mr. Wilcox and eLuxe Financial and deeply appreciate his vision for an international virtual banking company. PODER believes that eLuxe is the right home for the PODER program, as eLuxe continues to expand with strategic acquisitions in the international marketplace."
eLuxe now offers the AFRICARD in French-speaking West Africa and will begin positioning PODER in South America and other Latin regions as part of the global offering.
Safe Harbor Statement:
Under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the UC Hub's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the UC Hub's filings with the Securities and Exchange Commission.