MONTVALE, N.J., Oct. 29, 2004 (PRIMEZONE) -- Global Debit Cash Card Inc. (Pink Sheets:GLCD) announced that the company had been approved to distribute on a worldwide basis its own "E-Money Now ATM Debit Card." This is the first time that a U.S.-based company has been able to do this. The new cards will bear the branded trade names of "Dinero Ahora" and "Dinhero Agora," together with the Visa logo and Dove hologram.
At the present time, there are over 40,000 loading locations available and the company expects to increase the loading centers to 80,000 within the next year. The company will start delivering approximately 17,500 retail packages around mid November.
Global Debit Cash Card Inc. will distribute pre-paid debit cards geared to specific markets. Global expects to use www.gldcc.com to announce and provide specifics about each new card program once the site is revamped. The company's principal executive offices are located in Montvale, N.J.
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.
Additional information may be obtained by contacting Tom Meredith, president of GLCD, at 201-573-1100.
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