MONTVALE, N.J., May 5, 2004 (PRIMEZONE) -- Global Debit Cash Card Inc. (Pink Sheets:GLCD) has received an initial order from Micronet Networking Inc. for 7,500 pre-paid, private label cash cards for the Portuguese market in the United States and Canada. The $125,000 order marks the first coordinated effort between Global and Micronet Networking Inc. in niche ethnic marketing.
Dinheiro Agora pre-paid ATM/debit cards, specifically designed for Micronet Networking, should be available to the public by the middle of June 2004. GLCD's card gives the consumer all the advantages of a checking ATM/debit card without the minimum balance requirements and monthly fees of a checking account. Dinheiro Agora can be used at any location that accepts debit cards.
Additional information on Dinheiro Agora is available in Portuguese at www.cartaodesaqueglobal.com and in English at www.gldcc.com.
The first pre-paid ATM/debit card to be marketed to the two million members of the domestic Portuguese communities by an American/Portuguese network, Dinheiro Agora is expected to retail for $49.95. Loadable at Network, Swiftpay and participating bank locations, Dinheiro Agora provides an alternative to cash and differs from cards that require a deposit; the consumer has access to all of their funds.
GLCD's cards are accepted at any of the hundreds of thousands of locations worldwide that accept debit cards and at ATMs that are part of the Cirrus and Maestro system.
One of the reasons that Micronet Networking Inc. selected GLCD for this marketing effort was the exchange rate flat fee feature. International money exchanges are charged a flat fee with Global Debit Cash Card Inc. rather than a percentage of the transaction, resulting in substantial savings for most international consumers.
Mr. Leite, a principal in Micronet Networking Inc., believes that "this card will provide a service to the Portuguese community which would not otherwise be available."
For further information, visit GLCD's web site at www.cartaodesaqueglobal.com, or web site www.gldcc.com.or contact Mr. Alan Kestin at 201-573-1555.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward looking statements generally can be identified by phrases such as GLCD or its management "believes", "expects", "anticipates" "foresees", "forecasts" "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions or goals also are forward looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward -looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.
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