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About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and IFGX Specialized Investment Banking and Financial Advisory Services.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group

All IMO

Summary:

Esprit Financial Group Inc. (DBA Cash Now ) is a pioneer in the payday loan industry, developing the most comprehensive menu of services in the cash advance industry. The company's proven business model includes licensing its advanced software applications to third parties in Canada, The U.S. and in International markets. Cash Now's Web site is the most advanced payday-lending portal, offering a secure processing ‘vault’ to manage sensitive financial information, as well as credit adjudication and its core license payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express.

The Company is currently diversifying its product portfolio.
These new initiatives are anticipated to add significant value for the Company’s shareholders. The Company has consistently demonstrated success in marketing its products and driving consumer traffic to its website. The combination of Esprit’s proven marketing expertise in the sub-prime financial services sector, coupled with these innovative new product service offerings, are anticipated to help grow the Company’s overall revenue and profitability.

Our new Forex division is the first new product offering to come on-line. We are confident that this will become a vital contributor of both top-line revenue and bottom line success, based on our innovative positioning in the marketplace.

Another avenue being actively pursued is the EFT+ prepaid debit card service. This "Electronic Wallet" can manage several bank accounts and debit cards and can transfer money between these accounts as well as to remit funds worldwide, including writing checks by an account holder, who may be un-banked. We will continue to develop new business opportunities that trade on our core competencies, while offering a value-added consumer proposition that is defensible in the long run.

We believe our vital core competencies are in Internet delivered financial services to a consumer market. As such, we will look for additional business opportunities that have the following attributes:

- Consumer facing
- Financial Services related
- Internet delivered

Esprit Financial Group Inc. &

Management Discussion & Analysis

Renomiertes Management Team:

Garr Winters

Robert Xu

Peter Presland

Keith Roberts

Peter He

Ron

Nearest description pls. be so kind and see under the attachted list with all biography of a.m. managers of EFGO

A New Area is coming

Summary:

1.) Introduction

2.) Corporate History

3.) Payday Loans

4.) Advanced Electronic Funds Management

5.) Advanced Forex by Cash Now

6.) Management Team

1.)Introduction

Esprit Financial Group Inc. is a public company engaged in a diversified number of

Internet-enabled financial services. There are four independent operating divisions, as

detailed below.

PayDay Loans: www.cashnow.org

The Company is a pioneer in the payday loan industry, and continues to develop the most

comprehensive menu of services in the cash advance industry under the Cash Now brand.

Operations include licensing of a comprehensive suite of Internet-based payday loan and

check cashing software and private label back end office systems for the sub prime

market. The company's proven business model comprises operations in the U.S.,

Australian and Canadian markets.

Advanced Electronic Funds Management:

The Company’s Advanced Electronic Funds Management (AEFM) division offers the

advanced electronic funds management capabilities. Cash Now 21 is an advanced

checking clearing service that can significantly reduced holdback periods by banking

institutions, particularly valuable for international markets. The division also offers stored

value debit and credit cards and will concentrate on developing payroll applications for

clients whose workforce include a significant number of unbanked employees, as well as

funds transfer for consumers who remit funds to family internationally without requiring

that they have a bank account.

Forex: www.cashnow.com

The Company’s Forex Trading division offers an innovative low-cost online Forex

trading service at. The Company acts as an Introducing Broker for Advanced Markets,

Inc., and is targeted to serious day traders. All transactions are handled on a streaming

pass-through basis. There is no trading desk, and no manipulation of quotes that lag the

actual interbank market. Importantly, traders can continue to trade actively even during

volatile periods that result from major news events of publishing of market

reports.Advanced Electronic Funds Management:

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2.)Corporate History

Esprit Financial (previously Cash Now Corporation) was founded in 1998 with a vision

of providing consumers a discreet and secure way to get a payday loan. From years of

experience in the Internet industry, the Company identified an opportunity to apply

Internet technology to the short-term loan business. After intense research, development

and competitive analysis cycle, Esprit Financial was launched.

The company was originally founded as a software developer for the payday loan

industry. By 1999, over 80% of revenue was US based, with growth directly attributed to

the huge demands for small loans, and more importantly, due to the strength and

effectiveness of the Esprit Financial lending system.

Esprit is a pioneer in the payday loan industry, developing the most comprehensive menu

of services in the cash advance industry. The company's proven business model includes

licensing its advanced software applications to third parties in Canada, The U.S. and in

International markets. Cash Now's Web site is the most advanced payday-lending portal,

offering a secure processing ‘vault’ to manage sensitive financial information, as well as

credit adjudication and its core license payday loan license program, Payday Express; and

a payday loan and check cashing

license known as Check Express.

The principals and the key personnel

of Esprit have extensive knowledge in

the payday loan; check cashing,

finance, information and technology

fields, including: e-Commerce and

web-based marketing techniques.

In 2007, the Company began a

diversification program to leverage its

core competencies into new markets.

Efforts have been focused on Internet

delivered financial services to a

consumer market. Key attributes for

this diversification in business

opportunities that have the following

attributes:

- Consumer facing

- Financial Services related

- Internet delivered

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These new initiatives are anticipated to add significant value for the Company’s

shareholders. The Company has consistently demonstrated success in marketing its

products and driving consumer traffic to its website. The combination of Esprit’s proven

marketing expertise in the sub-prime financial services sector, coupled with these

innovative new product service offerings, are anticipated to help grow the Company’s

overall revenue and profitability.

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www.cashnow.org

3.)Payday Loans

Cash Now offers complete

turnkey solutions for Internet

delivered payday loans. The

Company’s products are

licensed to third parties as

standalone businesses.

Revenue is derived from the

initial purchase of the

software, and monthly administrative fees, creating an ongoing revenue stream. These

fees are not royalties, and allow licensees to pursue aggressive growth without being

weighed down by service fees that eat into their margins.

The Cash Now E5 software is an automated underwriting system providing online

decision making for licensees for payday advance sub-prime loans. Designed to automate

and streamline the loan approval process, this software enables consumers who visit

licensee websites to receive immediate on-line preliminary approval of non-conforming

and sub-prime loan applications in minutes.

The Cash Now technology, which is pre-configured to review specific loan parameters,

electronically accesses industry specific consumer Credit Bureau reports for real-time

information. The application is evaluated against a rules-based decision making system

and automated underwriting criteria, which is provided by Cash Now but can be

customized by our Licensees to fit local circumstances. We then provide the customer

with loan approval or denial within minutes. Cash Now’s loan fulfillment and decision

making process is done in such a manner that a borrower will be able to obtain loan

approval with any appropriate underwriting stipulations, subject to final verification,

while connected to the Cash Now or Licensee’s website.

5Industry Overview

Payday Loans is one of the fastest growing

businesses in, not only the United States, but Canada, Australia, England, New Zealand, South Korea and more. The payday advance industry

was virtually non existence in 1990. Today, industry analysts estimate that more than 22,000payday advance locations across the United States

extend about $40 billion in short-term credit tomillions of middle-class households that experience cash-flow shortfalls between paydays.

One of the key driving forces behind the industry’s success is the exiting of traditional financial institutions from the small-denomination, short-term credit market--a change

largely due to its high cost structure and poor profitability from these loans.Due to the mergers and acquisitions transpiring in banking and the passage of new

consumer finance and credit laws, there has never been a better time to enter this industry.

Payday loans are small, short-term loans that help people manage their expenses.

In most situations, obtaining a payday loan works like this:

• The borrower and lender agree on the amount of the loan and the fee for the loan;

• The borrower presents identification (typically two forms, one with a

photograph), the most recent bank statement, and the latest pay stub; all are

typically required to obtain a loan;

• The lender verifies the borrower’s information and makes a decision on the

creditworthiness of the borrower;

• If the risk is acceptable, and the loan is approved, the lender gives the borrower

the cash;

• The borrower writes a personal check for the amount borrowed plus a finance

charge and post-dates the check for his or her next payday;

• On or before payday, the borrower repays the lender in cash, or the lender

deposits the borrower’s check (or makes an authorized electronic withdrawal from

the borrower’s bank account); and

• The typical loan is for around $200 to $300 and usually costs $15 to $20 per $100

borrowed, although the fees can be much greater.

It is also noteworthy that payday lenders do not have the capacity to garnish wages,

collateralize or otherwise secure their business risk; in this regard, payday loans are

unsecured, personal obligations. The industry also does not require an application fee or

prepayment fees, which can occur in other forms of credit. These simplifications have

been part of the reason behind the growth of payday loans.

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Target market

A research survey commissioned by CFSA in 2004 reported - that while younger than

average, payday advance customers are generally middle-income, educated, and look

much like the general U. S. population.

• More than two-thirds (69 percent) of customers have annual household incomes of more than $25,000.

• More than half (52 percent) of customers are middle-income, earning $25,000 to $50,000 a year.

• Forty-one percent of customers own their own home.

• Almost half (49 percent) of households have children under 18; parents are more likely to be married than single.

• Only 15 percent of customers are older than 55, and 5 percent older than 65 (vs. 22 percent and 12 percent, respectively, of the U. S. adult population).

• The majority (61 percent) of customer base is Caucasian.

• More than half (58 percent) of customers have attended college, and one in five (22 percent) has a bachelor’s degree or above.

• Consumers have other financial options available – but payday advance can sometimes be a better financial decision and is quick and convenient.

• Two-thirds of customers have at least one other option that offers quick access to money. (That rises to 85 percent if savings accounts are included.)

• Half of customers have overdraft protection on their checking accounts.

• Fifty percent of customers have a major credit card(s), 35 percent have credit

card(s) with credit available.

In comparison to other credit products with which respondents had recent experience,

customer overall satisfaction with payday advance (75 percent) was second only to check

overdraft protection (83 percent). It also ranked higher than a home equity line of credit

(71 percent), major credit card (70 percent), loan with a bank or credit union (69 percent),

and a car title loan (69 percent).

Most (65 percent) customers cited convenience-related factors (less paperwork 2 percent,

quick and easy process 38 percent, fast approval 10 percent and convenient location 15

percent) as the major reason for choosing a payday advance.

Eighty-five percent of customers surveyed were satisfied with the convenience of the

lenders’ hours and locations, as well as the location’s safety.

Twenty percent of respondents cited comparisons to other financial services and

providers, such as less likelihood to harm their credit, less expensive than other sources

of short-term cash, the lack of revolving debt, greater privacy and more respectful

employees.

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A large majority of customers cited the following reasons for taking a payday advance:

• cover an unexpected expense (84 percent);

• avoid late charges on bills (73 percent);

• avoid bouncing checks (66 percent); and

• bridge a temporary reduction in income (62 percent).

• More than three-quarters of customers were satisfied with the repayment schedule, the amount they could borrow and their ability to refinance or renew if they chose.

Consumers understand the fee and payback structures. Ninety percent of respondents were satisfied with their understanding of the terms and cost of their payday advance,

although just under half (47 percent) were satisfied with the fees.

• Consumers are pleased with the service they receive from lending staff.

• Customers were highly satisfied with all aspects of service received during the payday advance experience (88 percent during application, 85 percent during the

loan term, and 82 percent during the payback or collection period).

• Nine out of 10 customers were satisfied with the courtesy and professionalism of

the lending staff; more than 85 percent with how they were treated during the application process and loan term.

• During collection, 82 percent were satisfied with the frequency of reminder calls and 87 percent were satisfied with the professionalism and courteousness of staff who called.

• Consumers are skeptical of government involvement in payday lending.

• Eighty-six percent don’t want officials limiting the frequency of their loans or monitoring their payday advance records.

PayDay Express

The perfect solution for a home

based Internet payday loan

business without the expense of

operating a retail storefront.

PAYDAY EXPRESS offers

powerful and robust functionality

and features, such as reporting,

exporting data, Trust Vault

integration, electronic funds

transfer (EFT) capabilities and a

Credit Bureau interface feature.

A monthly maintenance fee of $150 is charged to licensees. In addition, a $150 monthly

CSR Trust Vault fee which covers the hosting of licensee websites, technical updates to

payday loan software and website and use of the Company’s sophisticated Trust Vault.

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This is used for logging each daily transaction, accounting, collections, communications

and as a contact management tool.

The feature set includes:

· Payday Loan Software

· Trust Vault Technology

· Customized Website

· Credit Reporting Integration – US Only-Fees Apply

· Credit Report Alliance Access- Cdn Only-Fees Apply

· Administrative Support

· Technical Support

· Training Materials Operating Manuals

· EFT (electronic funds transfer) / ACH (Automated Clearing House) Integration

Check Express

This product builds on the feature set of the Payday Express, but also includes the full

functionality of Cash Now’s booking engine, which provides the Company’s proprietary

credit evaluation software and services. It is designed to service payday loans as well as

offering check cashing services. Again, licensees do not pay any royalties. A $350

monthly maintenance fee and a monthly $150 CSR Trust Vault fee covers the hosting of

websites, technical updates to payday loan and check cashing software and website and

use of our state of the art Trust Vault. The features include:

· Payday Loan Software

· Check Cashing Software

· Trust Vault Technology

· Website with integrated access to the Cash Now booking engine

· Customized Website (no booking engine)

· Credit Reporting Integration – US Only-Fees Apply

· Credit Report Alliance Access- Cdn Only-Fees Apply

· Administrative Support

· Technical Support

· 1 Receipt Printer

· Site Selection & Lease Negotiating Services for brick and mortar locations, if applicable.

· Integrated Money Order system

· Administrative Support

· Training Materials Operating Manuals

· EFT/ACH Integration

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Tust Vault

The Cash Now Trust Vault provides a secure online environment in which sensitive

financial information and transaction data can be held in a secure manner. Loan

processing and consumer information is provided and transacted within this secure vault.

It is designed to be very consumer friendly and extremely simple to use.

Step 1: The consumer registers for an electronic vault ‘key’, by completing a registration

form. If they have already registered for their secure electronic VAULT key, they click

on the "Existing Customers" E-Vault area and log in.

Step 2: Username and password information is entered for vault access to log into their

account.

Step 3: Once inside their VAULT, they can electronically, safely, and securely store their

application in their personal account within the VAULT, and revisit it at any time in the

future. Confidential correspondence from Cash Now will also be stored in their VAULT.

Step 4: The Consumer closes the transaction with the company, and their loan has been

instantly approved and funds will be delivered to them in the manner they requested.

Step 5: Now that they have their own Cash Now VAULT, they can use it as their own

virtual "e-Storage" filing cabinet for all their electronic retrieval service needs.

It’s also ideal for personal use. They can upload pictures, proposals, resumes, and have

their important documents available at their fingertips, regardless of where they are on a

24/7 basis. They log into their secured VAULT, from any computer anywhere in the

world, and retrieve info. Cash Now’s E-VAULT can act as their own personal FTP

device and virtual e-office.

Esprit Financial Proprietary E – 5 Software

Esprit Cash Now PayDay Loan Licensees are offered the exclusive Esprit Financial back

office Intranet reporting area. This is where the Esprit Financial on-line software resides,

and where pending loans can be tracked in real time. In addition, this is where Esprit’s

ticket system, directory and E-5 software resides.

Applications include:

1. "Validity Scale" system: Esprit has developed a proprietary method based on the

way PayDay loan customers answer questions about their loan request. Decisions

are made on an objective scientific basis using sophisticated rules-based analysis.

The Validity Scale works on a beacon system similar to the Equifax or Trans

Union Credit Scoring system, however the Validity System is specific to the

payday loan industry, developed by Esprit Financial for Esprit Financial’s

exclusive use.

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2. The Sentry System: This is software that resides in the Company’s Intranet. It

constantly tunes up, and monitors the customer's application for auxiliary

products. It provides real time tracking of the customer's application for a loan

request. Customer can also be provided real time answers of the status of their

loan application. The Esprit Financial system offers the ultimate in control,

management and integration.

3. The Esprit Financial Database: An "E" based database that all Licensees can

access. The huge advantage of the database is that it offers the ability to rate the

customer, and share information between the Licensees and Esprit headquarters.

Customer’s can also be upgraded to VIP status, which offers them perks to build

customer loyalty and repeat business.

4. ETRACK Real Time Application: A web based application that allows real time

tracking of all transactions and reporting. All customer names and data is stored

and retrieved off-site at the Company’s data storage facility.

Cash Now Contact Information

United States:

TOLL FREE 1-888-224-9641

3155 East Patrick Lane

Suite 1, Las Vegas, NV

89120-3481

USA

Canada:

157 Adelaide Street West

Suite #710

Toronto Ontario

M5H 4E7

Canada

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4.)Advanced Electronic Funds Management

The Company’s Advanced Electronic Funds Management (AEFM) division offers Cash

Now Check 21 - an advanced checking clearing service that can significantly reduced

holdback periods by banking institutions, particularly valuable for international markets.

Other products include stored value debit and Visa cards, and a wholesale ATM program.

www.cashnowcard.com

Stored Value (prepaid) Cards:

Stored Value (Prepaid) cards allow the cardholder the convenience of having an

alternative for cash when paying for such things as groceries, restaurant bills and

gasoline, and when making online purchases – all without the necessity of having a bank

account. The usage of plastic money has grown by leaps and bounds. It is the most

convenient and the safest option to paying by cash.

Cardholders can load money onto their card and then spend it anywhere a debit card is

accepted. Because the money is loaded onto the card in advance, there is no credit risk for

the card suppliers or merchants and ATM machines accepting the card.

The main difference from a consumer perspective between a prepaid debit card and

prepaid Visa card, is that the Visa card will be accepted by merchants at any location that

accepts traditional Visa cards (who may or may not also accept debit cards), and is also

valuable for purchases that require a signature.

For billions of people worldwide who do not have bank accounts a traditional credit or

debit card is not an option. This is quite simply due to the lack of trust in banks and/or

access to facilities especially in rural areas. Prepaid cards offer an ideal solution,

particularly customers who do not have a bank account.

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Market Statistics

• An estimated $117 billion of purchases was made in 2006 using prepaid cards,

including gift cards, payrolls cards and renewable debit cards.

• The Federal Reserve Bank of New York reported in 2004 that the prepaid market

will top $236 Billion by 2009 reflecting a Compound Annual Growth Rate

(CAGR) of 9.37%.

• There are approximately 20 million users in the U.S. and that figure is expected

to more than double to 49 million users by 2008.

• There are four billion unbanked people worldwide

o More than 60% of the overall population in China

o More than 20 % in Brazil

o 45% in South Africa

o 15% in USA.

• An estimated 60 million US consumers are believed to be "unbanked" and earn $1

trillion in annual income, but pay $1.5 billion of that annually in check-cashing

fees.

• Visa debit and prepaid cards represent a fast growing category of Visa payment

products and currently account for more than half of all Visa transactions in the

U.S.

Growth of Stored Value Cards

The first prepaid cards made available to the marketplace were single-purpose or ‘closed-loop’

cards. Gift cards, which can only be used to purchase goods at particular retailers, and prepaid telephone

cards, which can only be used to make telephone calls, are examples of single-purpose cards.

The second type of card to emerge was a multipurpose or ‘open-loop’ card, which can be used to make debit transactions at

a wide variety of retail locations, as well as for other purposes, such as receiving direct

deposits and withdrawing cash from ATMs. Some multipurpose cards are branded by

Visa or MasterCard and can be used wherever those brands are accepted as a debit or

credit card. Experts put this industry in the introductory or early growth stage of the product life

cycle, suggesting that there is substantial growth potential in the years ahead.

As reported by the Federal Reserve Bank of New York in 2004; "Stored value cards are

one of the most dynamic and fastest growing products in the financial industry. Anyone

who makes purchases with a merchant gift card, places phone calls with a prepaid

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telephone card, or buys goods or services with a prepaid debit card is using a stored value

card. Certain types of these cards are being heavily marketed to lower-income consumers,

especially the unbanked or underbanked". Reloadable multipurpose cards are often viewed as alternatives to checking accounts.

Among stored value cards, reloadable multipurpose cards most closely resemble traditional deposit account debit cards in functionality and are thus most likely to meet

the needs of the unbanked or underbanked. Consumers not only can use these cards to

make payments to a wide variety of merchants and service providers but also can reload

them with additional funds. The ways in which cards can be reloaded vary but may

include direct deposit, money wire transfer, money order, or cash presentment at

designated retail locations such as convenience stores.

Cash Now Prepaid Debit and Credit Cards

Esprit is developing a line of prepaid cards in conjunction with domestic and foreign

based banks. The Company will offer both debit as well as branded prepaid credit cards.

The Company intends to concentrate on only market niches, that it feels have unique

needs for which tailored solutions can be very advantageous;

• Foreign remittance

• Merchant Marine Payroll

• MLM Commission payments

Foreign Remittance is a very significant niche market. The product concept is based

on the issuance of two cards. The primary card is

typically issued to a family or group member who is the primary wage earner. A partner

card is mailed internationally to family overseas. The primary wage earner will load their

card via payroll, Internet banking or other method. They can then transfer funds to the

secondary card held by group members in the home country. Remittances from overseas

foreign workers in the U.S. are believed to run over $20 billion to Mexico, and $12

billion to the Philippines alone. Esprit will concentrate on payroll applications with large

numbers of migrant workers, and affiliations or groups whose membership has a large

percentage of overseas foreign workers.

Merchant Marine Payroll is a specialized niche that Esprit believes it can develop into a

significant profit center. Most international shipping vessels have a crew of sailors who

are paid in cash – typically U.S. dollars - in International Waters. During shore leave,

crew members are often required to pay exorbitant amounts to change their U.S. dollars

into local currency at merchants in close proximity to their ship, making purchases very

expensive. Normal banking activities most people take for granted are also problematic,

as transferring funds to family members internationally is expensive and cumbersome.

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Esprit, in conjunction with its strategic partners, will offer an effective alternative that

will greatly benefit crew members. The cruise ship company will load cash value onto a

branded stored value debit card. The card will be accepted wherever MasterCard credit

cards are accepted. Additionally, funds can be transferred internationally to family

members easily via card to card transfers. These stored-value debit cards look like a typical

credit card, and benefit from the

universal acceptance provided by Visa or Mastercard. However, they carry only the

stored-value of cash that has been loaded onto the card by the cruise line. There is no

credit agreement or monthly billing. The dollar value available is stored on the card, and

is depleted as purchases are made. These cards will be accepted at nearly every

international destination. Modern cruise ships often have more crew members than

passengers, and the largest

ships can accommodate over 3,000 passengers. With several hundred cruise ships

worldwide, this represents an attractive market for Esprit. The overall merchant marine market

also includes sailors on cargo ships, who face the

same dilemma as those on cruise ships. According to the 2005 CIA World Factbook, the

world total number of large merchant ships (1,000 Gross Register Tons) is over 30,000.

This represents a very significant market sector where Esprit can enjoy a ‘first mover’

advantage".

Multi-Level-Marketing (MLM) companies have a unique set of problems distributing

commission payments. Typically, a well established MLM operation can have thousands

of members. The usual 80%-20% applies regarding sales by the entire organization.

Consequently, there is a large number of small payment checks issued each pay period.

A branded debit or credit card payment process can save these organizations thousands of

dollars. These companies can now distribute a branded debit or credit card to all the

members in the organization’s ‘downline’, and load each card with the correct payment

online. The reduction in mailing costs is accompanied by a benefit to the MLM

members, who will now receive funds instantaneously and no longer need to wait for and

then deposit commission checks.

Product Benefits

There are numerous benefits to the prepaid card concept. These include:

• Accessibility - There are no credit checks, which means consumers can get a card

without worrying about credit history or lack of documentation. If you want one,

you can get one.

• Safety – For online or phone purchases, if your card is used fraudulently you can

get your money back. Also, carrying a card can be safer than carrying cash, which

can be particularly appealing for children.

• Control - prepaid cards are an ideal way to control the spending of children and

employees. Like a credit card you get a full breakdown of spending on the card so

you can see what has been purchased, who from and when.

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• No debt risk -With a prepaid card there is no chance of spending too much as you

are limited to the amount you put on your card.

• Travel - As well as being able to top up the card, depending on the specific

provider, cardholders can use it at ATMs worldwide. Additionally, if the card is

lost, cardholders can contact the Company and a new replacement will be sent.

• Additionally, the Company will offer aggressively low foreign exchange fees.

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Stored Value (prepaid) Cards:

There are approximately 42 billion checks written in the United States each year, and the

average commercial check's face value is over $1,000. Cash Now 21 is a check clearing

service utilizing the advantages and benefits of U.S. Federal Reserve Bank’s Check 21

guidelines and infrastructures. As of mid-2007, most banks physically move original

paper checks from the bank where the checks are deposited to the bank that pays them.

This transportation can be inefficient and costly.

"Check 21" (Check Clearing for the 21st Century Act) is a U.S. federal law that became

effective on October 28, 2004. It is designed to enable banks to handle more checks

electronically, which should make check processing faster and more efficient.

Under Check 21, banks can capture a picture of the front and back of the check along

with the associated payment information and transmit this information electronically

Front and Back view of a substitute check (Source: Federal Reserve)

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Overview of Check 21 Operations

1. Remote capture and deposit scanners scan the front and back of checks submitted

for processing. This can be done at the bank level, or a scanning device can be

obtained by the vendor receiving checks for payment.

2. The data is sent via secured Internet connection to the Check 21 processing bank

where merchant data is analyzed and stored within a large database.

3. It then goes to the Federal Reserve for clearing.

4. The Federal Reserve then sends payment instructions to the paying banks.

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Check 21 Bank Processing Benefits

There are a number of benefits to this approach, but the most visible improvement to

bank customers depositing checks is the increased speed with which their checks can be

cleared. Generally, 80% of the funds deposited are available the morning of the next

banking day, and funds are completely cleared within 48 hours.

Currently, most banks physically move original the paper checks through clearing

services and banks on which the funds are drawn. A typical check is handled a

staggering average of 19 times. There are 42 billion checks written in the U.S. annually.

The check 21 service is of obvious interest to Financial Institutions.

Financial institutions are embracing check imaging as a way to:

• Reduce operating expenses – Costs, such as transportation costs, processing costs,

infrastructure costs, hardware maintenance, supplies and labor resources, check

storage expenses, and sorting time.

• Accelerate settlements and reduce check floats

• Reduce errors - A check is typically handled on an average of 19 times.

• Reduce fraud risks – That are associated with physically processing the original checks.

• Reduce research and adjustment times and efforts.

Check 21 Benefits to Businesses

With Check 21 and its associated digital image and information capturing, businesses

accepting the checks or cashing the checks can enjoy the following general benefits:

• Checks get cleared and funds available faster – Typically, most funds will be

available on the next business day. This benefit accelerates the cash flow by

decreasing accounts receivables.

• Minimized processing of paper checks – This is even before the checks get into

the banking system. There would be less hassles and savings from: No more

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sorting of checks; adding the checks up; filling out deposit slips; deposit slip

errors.

• Consolidation of bank depository accounts at different regions and savings on

wire transfer fees – This is especially true for many geographically distributed

company operations and financial institutions.

• No more transport of checks - No more trips to the banks, or armored car or

express mail transport of the checks.

• Minimized manual entry of check data - If the businesses turn the checks into

digital images and data as soon as they got the checks, then check information can

enter into the accounting and receivable systems without manual entry.

• Extends Business Day cutoff time to 8:00 PM U.S. EST

• Much lower incidents of "Charge Backs" - Check 21 is not governed by ACH and

credit card rules. Unlike credit card and ACH, the customer must prove the charge

was unauthorized by filing out an affidavit.

• Remote offices can make same-day deposits. – There is no need to wait for a

batch of checks to be collected before transporting the checks for the deposits.

• Images archived on secure servers can be instantly retrieved anywhere.

• Lower deposit fees, lower return fees, and lower re-deposit fees.

• Built-in reporting options - That generally include: Consolidated deposit reports,

Returns Reports and Large Items Reports.

Benefits of Check 21 in Foreign Markets

The international check clearing market represents huge potential for growth. While

Check 21 is being increasingly adopted in the United States, it is quite a new concept

internationally. Checks drawn on a U.S. Account, for deposit in international markets

often take 30-45 days to clear, and sometimes even longer. Esprit’s Cash Now 21

reduces the clearance time to a mere 3 business days or less.

For foreign markets such as Asia and South America that have significant funds flow

back and forth from the U.S., this becomes an invaluable asset. Esprit is intent on being

first to market with as non-financial institution to offer this service.

Initial rollout of services is slated for the Chinese markets. There is very significant

latent demand for this service and we have received an overwhelming response from

20

preliminary discussions with Chinese banks for our service. Most Chinese banks handle

significant numbers of U.S. denominated checks, whether payroll checks for U.S. citizens

working in China, or for export related payments to international destinations.

Importantly, U.S. dollars are commonly designated for most international transactions,

regardless of the actual importing country. To date, a total of approximately 30 banks

have expressed interest in our ‘Check 21’ services. ‘Cash Now 21’ will help

revolutionize the way U.S. dollar-denominated checks are processed and cleared.

Management believes that the necessary infrastructure can be in place and operations

scaled up to deliver revenue for the latter part of the current year. This is a scalable

business model that with revenue directly variable to as we continue to expand the

customer base of participating banks and merchants, and other international markets.

We are now currently developing our website for Advanced Electronic Funds

Management and expect to launch it in the third quarter.

ATM Wholesale Programs

Esprit provides ATMs at wholesale prices to retail distributors or Independent Sales

Operators (ISOs). The Company offers ATMS with packaged software ready for easy

deployment. If required Esprit will also provide turnkey systems complete with

processing capabilities through its own providers.

Esprit has recently improved its access to manufacturing capabilities in China and can

aggressively compete at the wholesale level, offering significant savings to companies

focussed on developing private ATM retail network deployment.

Esprit’s positioning is based on value; offering

competitive products at lower prices than

traditionally available to smaller private

network operators. With the ATM market

rapidly maturing, it is split between high-end

machines with advanced software capabilities

and basic units that can be deployed quickly

and easily. The ATM units offered by Esprit

are essentially ‘plug and play’. With the

increasingly open standards of ATM related

software, Esprit believes that in the longer

21

term it will also focus on becoming a VAR (value added retailer) of different software

solutions, which plays to its traditional expertise in Internet enabled financial solutions.

Esprit aims to take advantage of the fact that the industry move from OS/2 to Windows,

as the default software platform of choice, has facilitated change by opening standards

and levelling playing fields. No longer locked by proprietary protocols and platforms,

financial institutions large and small are leveraging their options to achieve best-of-breed

solutions for their ATM needs.

Size of Market

The ATM industry has mushroomed with rapid growth, surprisingly being fuelled by

private label industry participants rather than traditional Banking institutions. For the

most part, ATMs in high traffic or high volume retail locations are most commonly

serviced by private ATM operators - convenience store locations, race tracks and casinos

are typical highly valued real estate.

The United States now has the largest ATM market, with nearly 400,000 units deployed.

Worldwide, it is estimated that ATM deployment has reached 1.5 million units,

generating approximately $14 billion per annum, and growing at a healthy clip.

Growth of Market

While the North American market has matured, it is still expected to grow at a steady rate

of 3% over the next decade. At present, USA, Japan, Brazil and China account for half of

the worldwide ATM installations. Though by 2011, their share is predicted to drop to

45%. Globally there are 1.5 million ATMs and this is expected to nearly double by

2011. Most of the growth is expected to be seen in Asia Pacific, Central and Eastern

Europe and the Middle East and Africa.Interestingly, the traditional

placement of ATMs in bank branches has seen a decrease.

The share of off-site ATMs worldwide has increased from

38% in 2003 to 45% in 2005, largely as a result of lower cost

machines, and an increasing number of independent deployers in some countries.

In fact off-site terminals in the USA

and Canada represent over 40% of all non-branch ATMs worldwide. As a result, in the

22

last couple of years, ISOs (Independent Service Operators) have averaged double digit

growth year on year. And this momentum is expected to keep up.

Currently, ISOs account for almost half of all ATM placements in the US though they

represent only 10% of the industry’s estimated total ATM transaction volume amounting

to US $ 8 billion. Here is an area that can be developed and with demand for fee-free

access to ATMs, ISOs now have the opportunity to partner with financial institutions and

EFT networks, which will help diversify revenue streams and maintain transaction levels.

Global Statistics

ƒ Increase of 95,000 ATMs

worldwide in 2005, to

over 1.5 million

installations to date

ƒ Global ATM market to

reach two million

installations by 2011

ƒ Asia-Pacific reclaims

position as largest ATM

region

ƒ ATMs in Central and

Eastern Europe (CEE)

and Middle East &

Africa (ME&A) to more

than double by 2011

ƒ USA, Japan, Brazil and

China account for half the global ATM market

ƒ Off-site share reaches 45%, up from 38% in 2003

ƒ 245,000 ATM shipments per year to 2011.

ƒ The worldwide ATM market is increasing at a gradually slowing pace, from

10% (and 118,000 new installations) in 2001 to 6.5% in 2005.

ƒ According to forecasts annual growth in the installed ATM base will continue to

slow down to 3% (and 56,000 new installations) by 2011

ƒ Asia-Pacific is now the largest regional ATM market with 31% (476,000 ATMs)

of the global total, having recently overtaken North America (29%).

ƒ Western Europe, where five countries (the UK, Spain, Germany, France and

Italy) account for more than three quarters of ATMs, is the third largest region.

ƒ There is a large gap to the three smallest regional markets. Latin America has

174,000 machines, CEE 76,000 and ME&A 39,000.

ƒ While the annual growth rate has fallen to less than 10% in most regions, it is still

in double figures in CEE and ME&A. These two regions saw growth in their

respective installed ATM bases of 28% and 19% in 2005.

ƒ The ATM markets of CEE and ME&A are expected to grow by 130% and 120%

by 2011.

23

Consumer profile

9 The typical ATM customer will spend 20-25% more than a non-ATM customer in your location

9 The largest portion of regular ATM users (40%) visit an average of 10 times a month Placement of an

ATM machine is the

second most requested

service for retail stores

9 ATM users are "habit"- driven, using the same ATM repeatedly

9 ATM customers prefer the convenience of a retail store to a bank

9 60% of Americans between the ages of 25 and 34 and 51% between 35 and 49, use ATMs eight (8) times a month

9 The typical ATM user visits an ATM an average of 7.4 times per month

9 The average amount of money withdrawn is $60.45 with $20 being the most common withdrawal

9 The most popular day for ATM usage is Friday 9 Americans cite 24-hour access as the most beneficial feature for ATM usage

9 Half of all adult Americans use ATMs regularly, with younger Americans and those with high incomes using them most often

9 Overall, 60% of those making over $40,000 a year use ATMs, while only 30% of Americans making less than $20,000 a year use them

ƒ In CEE, this growth is primarily due to large increases in the Ukraine, Romania and particularly Russia.

ƒ In ME&A, Egypt, Iran, Israel and Saudi Arabia are all expected to grow strongly.

ƒ Asia-Pacific will show the largest absolute growth over the next six years, with the addition of 165,500 terminals (a 35% increase).

USA Statistics

ƒ 394,500 (29% of the global total) located in the USA

ƒ ATM growth is 3% annually

ƒ Non bank Independent Sales Organisations (ISOs) continue to deploy ATM terminals though growth rate is declining

ƒ Number of FI operated ATMs has declined over the past two years

ƒ The ISO industry which was fragment will continue toward massive consolidation

ƒ In the US FIs on premise ATMs currently average 3,651 transactions per ATM per month compared to 1,807 for their off-premise machines

ƒ ISO ATMs recorded 329 transactions per month

ƒ US ATM totaled 8 billion transactions per year – dispensing $600 billion in Cash

ƒ ISOs account for almost half of all ATM placements in the US, but have only 10% of the industry’s total transaction volume

China Statistics

ƒ Gross revenue per transaction within China is currently 7.5 times higher than mature markets like North America. A typical ATM transaction in China generates roughly

USD $3.00 in revenue, versus roughly USD $0.40 in

North America in interchange fees alone.

ƒ Current estimates place the number of ATMs in China at roughly 10,000. Industry forecasts suggest that this will grow to 1 million over the next 5 – 7 years 24

Benefits to ATM providers

9 Increase in Sales - Studies show that an ATM can increase in-store sales by as much as 8%. Higher average transactions are a result of customers having direct

access to a convenient and safe source of funds. A customer with an ATM card

has immediate access to more funds then an average customer

9 Cash Retention – You are the beginning of a purchase cycle. According to studies 25% of the cash withdrawn from an ATM is spent on the premises itself.

This number can go up as high as 75% for nightclubs and bars!

9 Control over Bad Debt. - Cash does not bounce. When a customer uses cash from an ATM it cuts down the charge backs, disputes, returned checks, and the

stress associated with these incidents.

9 Added Security. By having an ATM there is less risk of robbery and employee theft.

9 Reduce credit card costs - By directing the customer to the ATM, you can greatly reduce the credit card fees you currently pay. Credit card transactions cost

between 2% and 3% of a purchase. Instead of paying Visa and MasterCard, make money instead when a customer withdraws cash.

9 A time saver - An ATM can save customer embarrassment and the employees’ time. An ATM also deposits funds directly into your bank account, which saves

time and work.

9 Improve in overall Image. By providing new and unique services for your patrons, your image is

improved. One reason people patronize your store is value. An ATM only adds to the overall value to your store. Customers appreciate the convenience

provided by an ATM located within businesses they frequent.

9 Increase in Customers and loyalty - Your customers will no longer need to stop

at a competitor's establishment to get cash (and spend it there). Customers will instead stop at your place of business because you can accommodate their cash

needs.

25

9 Added Source of Revenue. With surcharge fees, you can earn more then enough to cover the cost of the ATM. The real profit comes from the additional sales from

the hundreds of extra dollars available in your customer's pocket.

26

5.)Advanced Forex by Cash Now

Esprit’s Advanced Forex by Cash Now is an introductory broker providing 24 hour

access to a sophisticated trading platform, directly linked to the Interbank clearing

systems, for active day traders. Heading the division is Peter Presland based at the

Company’s Florida office.

Esprit is a member of National Future Association (NFA), the industry-wide, selfregulatory

organization for the U.S. futures industry. It is the premier independent

provider of efficient and innovative regulatory programs that safeguard the integrity of

the derivatives markets. The next move towards consolidating and improving the

operations of the Forex division will be the series 3 licence which the company is on

track to receive in the near term.

With the Series 3 licence, Esprit will be qualified as a broker- dealer for Forex trading,

which will provide the additional vertical integration that has been a stated objective of

the Company. And, as a licensed series 3 broker-dealer, the Company will have

additional revenue opportunities currently not available to it as an Introducing Broker.

The Introducing Broker

Esprit’s Advanced Forex has an Introducing

Broker agreement with Advanced Markets,

which provides access to a trading platform

originally designed for large clients with

active accounts of $100 million or more.

The platform provided by Advanced Forex

to individual day traders is powerful and

sophisticated, directly linked to the

Interbank clearing system. There is no third party software sitting on top of this program.

There are no dealing desks. The service operates as a true pass-through trading

environment.

27

Advanced Forex works on a revenue sharing agreement with Advanced Markets. Traffic

to the trading site will be driven by Cash Now which has a proven track record in this

regard and create a client base of active traders. In addition, the large number of day

traders who have been following Esprit’s developments in this area will now have access

to the service.

Through its licensor, Advanced Forex offers 24-hr Forex trading within an environment

that is free from manipulation, skuing and other industry practices typical of brokerdealers

who have their own intermediary software between the consumer and the

Interbank Clearing System.

The trading platform provides free charting, streaming news, hedging, entry, limit,

traditional and trailing stop order capabilities. There are no dealing desks, and Advanced

Forex Cash Now operates as a true pass-through broker. The objective is to attract

experienced day traders who are looking for a transparent trading environment free of

manipulation.

Products

• Win Trader Mini Account

Win Trader shows fixed 2 pips spreads on all major currency

pairs. This is best suited for mini account holders and is an

extremely easy platform to trade from. In a mini account,

the lot or contract sizes that are traded are 10,000 of the base

currency, whereas for a regular

Forex account, the lot sizes are 100,000; in other words, the

mini Forex contract is 1/10th the size of the standard

contracts. Traders that want to trade with less than $10,000 are better off opening a mini Forex

account. This will not only give a trader more flexibility in the implementation of

different strategies, it will also give him more staying power in the Forex market

since he could take advantage of multiple trades without over-leveraging his trading

account. With a mini account, you will enjoy many of the same benefits as with a

regular Forex account, such as a free trading platform, small spreads, etc.

Hedging is also available along with trailing stops and limit orders. Minimum

required is $500.00 to open an account. Size: $ 10,000 lot.

28

• Advanced Trader Account

Here the spreads are between 2.5 and 3.5 pips on all major currency pairs. Instant

executions on all stops, fills and limit orders up to 3 million. Trading can be executed

directly on AAA rated charts hosted within the platform. Professional traders that are

coming from other markets want to have every advantage possible. Advanced Trader

account system gives high volume traders access to small forex spreads (as low as 2.5

pips on all major currencies) to improve their chances of succeeding in the currency

market. This system is available only to customers that maintain a relatively high

monthly trading volume. It combines true Interbank dealing spreads with our award

winning trading software. Market orders are filled instantaneously at the requested rate,

with no manual dealer intervention and no slippage. This is extremely important to those

who are trading at a professional level and/or want quality executions. Non-market forex

orders can also be left inside the dealing spread. Furthermore, there are no restrictions on

leaving orders during times of high volatility or before important economic news or

announcements.

Advanced Trader customers are also entitled to a wide range of exclusive services, such

as:

• Dedicated personal forex account executive

• Priority phone access to the 24-hour FX trading desk

• Early access to daily and weekly research reports published by an in-house team

of forex analysts

• Free wires (outbound)

Minimum required $ 5,000 to trade on this platform. Size: $ 50,000 lot.

Features

• Powerful Leverage

Advanced Forex offers a 100:1 leverage for all clients, with the ability to reduce

leverage upon request. Leverage is what makes Forex attractive. Trading Forex is

done in currency "lots". Each lot controls 10,000 US dollars worth of a foreign

currency. An account is set up to hold money in which profits will be deposited and

losses will be deducted. Those deposits and deductions are done when exiting a

position. Note: Leverage works both ways. Loses are magnified by margins just as

much as gains.

• Zero Commissions

Because you access the market electronically, you pay zero commissions, zero

exchange fees, and only $0.625 transaction fee. (per side and per 10,000 base

currency). This translates to $1.25 for a round-trip transaction to open and close a

position ($5.00 roundtrip for the Advanced Trader platform).

29

nterbank market The

raditional foreign exchange market is made up of commercial

nd investment banks and other inancial institutions on the OTC

market. These major dealer banks have developed into an Interbank

market for foreign exchange hrough their frequent dealings

with each other in an effort to find uyers and sellers of currency.

There are more than 2,000 dealer nstitutions worldwide.

Dealers Dealing companies are mainly commercial and

nvestment banks which trade mongst themselves based on

trong credit relationships as part f their system of balancing

ccounts. Latest available data hows that inter-dealer trading

enerated 53% of foreign xchange activity in April 2004,

down from 59% in 2001. The majority of foreign exchange

rading involves large banks.

Brokers The role of a broker in he Interbank market is to bring

ogether a buyer and a seller of a urrency in return for a

ommission. Whereas a dealer may take one side of a transaction

nd commit their own capital, a roker does not take a position

nd relies purely on the ommission received for the

ervices provided. The share of usiness conducted through

rokers varies in different ountries due to differences in

market structure and ranges from 0-15% in Switzerland and South

Africa to around 50% in France, Netherlands and Ireland.

Clients of banks on the interbank market generated 47% of foreign

xchange turnover in the 2004 ccording to surveys conducted.

Out of the overall, financial ustomers account for 33% and

non-financial customers 14%. Clients include corporations, fund

managers, individuals and central anks.

• Limited Risk

With Advanced Forex your risk is strictly limited.

You can never lose more than you have in your

account. This means you can never have a negative

equity balance. You can also define and attempt to

limit your risk with stop-loss for fast moving markets.

In the event that funds in your account fall below

margin requirements, the trading station will close all

open positions. This prevents your account from ever

falling into a negative equity position even in a highly

volatile, fast-moving market.

• Instantaneous Fills

Obtain instantaneous execution and total price

certainty on all orders under US $5 million. This

allows you to trade with confidence off real-time,

interbank quotes provided by.

• Tight pip spreads

Yes, tight pip spreads are a good thing, as long as

they correlate to the interbank market. Because all

trades are executed automatically on a pass-through

basis, our pip spreads are not artificially manipulated.

Brokers can legally say no slippage when advertising,

because they are the market maker.

• Trade During News or Related Market

Reports

When major reports or world events wreak temporary

havoc with the forex, most brokers will delay

transactions to protect themselves on your trades.

That's because they are exposed to the volatility

themselves, if they quote a rate and can't execute the

trade profitably. Because Advanced Forex executes

all trades on a strictly pass-through basis, there is no

exposure due to slippage. There are no interruptions

in trade executions, and the trading platform has a

99.99% uptime track record.

30

Central Bank Rates

5.25%

3.75%

0.50%

5.25%

2.30%

4.25%

6.25%

7.50%

• 24 Hour Market

Forex is a 24-hour-a-day market that trades from approximately 5pm(EST) on

Sunday to Approximately 5pm(EST) on Friday.

• Interest Rollover Policy

At 5pm New York Time (EST.) funds are added or subtracted to accounts with open

positions. See account documents for more details.

Industry Overview

The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest

financial market in the world, with a daily average turnover of US$1.9 trillion — 30 times

larger than the combined volume of all U.S. equity markets. "Foreign Exchange" is the

simultaneous buying of one currency and selling of another. Currencies are traded in pairs,

for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).

About 5% of daily turnover is from companies and governments that buy or sell products

and services in a foreign country or must convert profits made in foreign currencies

into their domestic currency. The other 95% is trading for profit, or

speculation. For speculators, the best trading opportunities are with the most

commonly traded (and therefore most liquid) currencies, called "the Majors."

Today, more than 85% of all daily transactions involve trading of the Majors,

which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian

Dollar and Australian Dollar.

A true 24-hour market, Forex trading begins each day in Sydney, and moves around the

globe as the business day begins in each financial center, first to Tokyo, London, and New

York. Unlike any other financial market, investors can respond to currency fluctuations

caused by economic, social and political events at the time they occur - day or night.

The FX market is considered an Over The Counter (OTC) or 'interbank' market, due to the

fact that transactions are conducted between two counterparts over the telephone or via an

electronic network. Trading is not centralized on an exchange, as with the stock and futures

markets.

31

Leverage

While up to 4:1 leverage is available in equities and 20:1 in Futures, it is common to have

100:1 leverage in currencies; some Forex market makers offer up to 400:1. In the typical

100:1 scenario, the client absorbs all risks associated with controlling a position 100 times

the capital they are putting up, and, given that the money is only being used for currency

exchange and on the market makers’ books, the transaction can proceed.

Size of the Market

The foreign exchange market is the largest and most liquid financial market in the

world. The rapid growth in the volume of foreign exchange turnover over the past two

decades reflects the continuing growth of international trade and expansion in global

finance and investment. The UK, and London in particular, is by far the largest

global market for foreign exchange trading, well ahead of the US and Japan.

Average daily global turnover in traditional foreign exchange market transactions

totalled $2.7 trillion in April 2006 according to estimates based on semiannual

London, New York, Tokyo and Singapore Foreign Exchange Committee

data. Overall turnover, including nontraditional foreign exchange derivatives

and products traded on exchanges, averaged around $2.9 trillion a day. This was more than

ten times the size of the combined daily turnover on all the world’s equity markets.

Growth of the Market

According to research from Towergroup, average volumes are expected to exceed $3

trillion by 2007 with more than 44% of transactional volume coming from electronic

trading. Foreign exchange trading increased by 37% between April 2005 and April 2006

and has more than doubled since 2001. This is largely due to the growing importance of

foreign exchange as an asset class and an increase in fund management assets, particularly

of hedge funds and pension funds. The diverse selection of execution venues such as

internet trading platforms has also made it easier for retail traders to trade in the foreign

exchange market. Traditional foreign exchange instruments which include spot

transactions, outright forwards and foreign exchange swaps accounted for 92.1% of global

turnover in April 2006. Currency swaps and foreign exchange options generated the

remainder.

32

Main Trading Currencies

The US dollar is by far the most widely traded currency. This is because of its multiple

roles: as an investment currency in many capital markets; a reserve currency for many

central banks; a transaction currency in many international commodity markets; and an

invoice currency in many contracts. The euro, yen and pound are the next

most traded currencies. US dollar/euro was the most widely traded currency pair in April

2006 with 30% of overall turnover slightly up on its share two years earlier (Chart 5). US

dollar/yen was the next most traded currency pair, generating 19% of turnover followed by

US dollar/pound sterling with 11%. Latest available data shows that emerging market

currencies accounted for around 5% of market turnover in April 2004. Their share has

grown in recent years as they offer potential for higher profits although the risks involved

are generally higher.

Market Participants

95% of trading is retail and by speculators while governments and FIs constitute merely 5% of

the players. Foreign exchange traders include governments, commercial and investment banks,

international corporations, fund managers and hedge funds and individual private investors and

speculators.,

While Forex has been traded since the beginning of financial markets, modern retail trading has

only been around since about 1996. Currently there is only 2% participation in the Forex

trading market and this is slated for a tremendous growth as continuous developments

in web-based technology have made retail Forex trading practical.

Online trading platforms now provide a quick and easy way for individuals to buy and sell on the Forex

Spot market. As the technology continues to improve, the opportunities in Forex trading will grow

phenomenally as more and more people grow familiar with the online trading systems and tools.

33

Management believes that the growth curve of retail forex trading will follow a similar

pattern to online discount stock brokerages. Currently, the early adopters and novices

using automated trading software to signal trading opportunities are in the market. As

trading platform software continues to evolve and become easier to use, more traders will

enter the market. A service industry will develop providing insights, key intelligence and

analysis tools to traders. We expect very dynamic growth in the market, and can easily see

it double to 4% within the next 18 – 24 months.

6.)Management TeamWrs, Chief Executive Officer

Garr Winters has more than 30 years of experience with bottom-line responsibility across

a wide variety of industries. He initially started out as a remarkably successful operator

at Expo 67 in Montreal, Quebec. In his long and successful career, Garr has also built a

domestic manufacturing and import travelware group, and took a leadership role within

the international satellite sales and marketing sector. His successes include developing

adult vocational training programs with both the Ontario Provincial and Canadian Federal

governments. His worldwide business experience and knowledge of many industries

have translated into an exemplary network of associates that will directly benefit the

Company.

Robert Xu, Director Asian Financial Services

A veteran of information technology industries, Robert Xu spent most of his career as an

IT technology professional in the United States. In 1997, he was a System Information

Analyst with CSCEC-US, Inc. in New York, where he was responsible of developing

application software package of Real Estate Management System using SQL6.5, VB and

ASP. Since 1999, Mr. Xu demonstrated his entrepreneurship and founded a NASDAQ

listed company, ChinaMallUSA.com, Inc, together with a few partners. He assumed the

role of Chief Technology Officer and was in charge of R&D, system development and

implementation, and strategic management.

Peter Presland, COO Forex Trading Division

Peter Presland has a long and proven track record in developing companies from start-up

to financial success. He has over 35 years experience, covering the entire gamut of sales

and marketing to managing his own business enterprises. Peter brings extensive

knowledge of various core business practices. Over the past several years he has focused

on Forex trading to develop and establish key trading skills and strategies. He will be an

asset in furthering the Company’s success story.

Peter has a degree in Business Administration from London, England. He immigrated to

the United States of America in 1969.

34

Keith Roberts, CMA – Chief Financial Officer, Director

Keith Roberts received his Bachelor of Mathematics Degree from the University of

Waterloo (Waterloo, Ontario). For the past twenty years, he has provided accounting and

administrative systems and services to both corporate and institutional clients. Mr.

Roberts has held senior accounting positions with a number of high tech companies

including NCR/AT&T Canada and Prime Computers. He founded his own accounting

practice in 1994 and, for the past six years, has provided financial services to a diverse

group of industrial clients, including those in the media and communications industries.

Peter He – Chief Technology Officer

Peter He has over 10 years’ experience in software development. His technical strengths

include J2EE WebSphere and DB2 application design and development skills, strong

computer programming skills, and strong problem-solving ability. He is proficient in

Java, C++/C, JDBC, SQLJ, Enterprise JavaBeans (EJB), JavaBean, Java Servlet,

JavaServer Pages (JSP), Jakarta Struts, JavaScript, SQL, PL/SQL, Web Services, ASP,

Pascal, CGI, UML, XML, and HTML. Peter received his Ph.D. from York University in

1998. His other trainings include DB2 Certified Solutions Expert and WebSphere 602

Advanced Administration Training Certification.

Ron Macari – Network Operations, Web Development

Ron has over 7 years of experience in the computing field including extensive industry

and academic experience. He has earned a BCOM from Ryerson University and has

various diplomas from business and E-Commerce. He has delivered professional business

solutions in mission critical applications and backend data management. Ron is

responsible for the entire Technical Department and is deeply involved in the

maintenance and management of the entire IT structure for the Esprit Financial Group of

companies.

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Quarterly Report Jun 30, 2007 Aug 14, 2007

Articles of Incorporation Jul 31, 2007 Aug 3, 2007

Corporate Bylaws Jul 31, 2007 Aug 1, 2007

Attorney Letter with Respect to Current Information Jul 31, 2007 Aug 1, 2007

Management Discussion and Analysis Jul 31, 2007 Jul 31, 2007

Quarterly Report Mar 31, 2007 Jul 6, 2007

Annual Report Dec 31, 2006 Feb 13, 2007

Quarterly Report Dec 31, 2006 Feb 13, 2007

Quarterly Report Sep 30, 2006 Dec 14, 2006

Quarterly Report Jun 30, 2006 Aug 16, 2006



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LAS VEGAS, Sept 12, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

Esprit Financial Group Inc. (ESPRIT) (EFGO.PK)

www.espritfinancialgroup.com is pleased to announce that it has signed a new licensing agreement of its PayDay Loan Software system for the Indiana regional district.

Garr Winters, Esprit CEO, commented, "There's been a lot of focus on developments in Asia recently. However, it is business as usual for the PayDay loan team. We anticipate additional announcements of new PayDay loan business throughout North America in the coming weeks and months.

Winters added, "There are some business developments and travel plans being finalized this week, vis-a-vis our previously announced expansions. We plan on providing a status update for the Company's activities by middle of next week."

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Online Structured Debt Resolution.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group

Copyright (C) 2007 PR Newswire. All rights reserved


LAS VEGAS, Sept 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it has signed a new licensing agreement of its PayDay Loan Software system to an independent Florida based company.

This is the second new license agreement within the last two weeks.

Garr Winters, Esprit CEO noted, "Our PayDay loan business continues to demonstrate growth and contribute to our financial results. There are additional license contracts in the pipeline under negotiation."

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division, Forex Trading, Advanced Electronic Funds Management, and Online Structured Debt Resolution.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group

Copyright (C) 2007 PR Newswire. All rights reserved

LAS VEGAS, Sept 19, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com is pleased to announce that it will begin testing its Check 21 service for the Chinese market.

The tests will use live data - processing actual U.S. dollar denominated checks for deposit in China.

Based on successful test results, the Company will immediately begin rolling out the service to China based clients. Robert Xu, a consultant to Esprit's Advanced Electronic Funds Management (AEFM) division will be supervising the tests. He departs for China today and will be continuing work on various projects currently in the pipeline, in addition to the Check 21 tests.

Esprit CEO Garr Winters stated, "This is an announcement that may well have profound impact on Esprit moving forward. We have been working towards this business milestone for several months. It has taken a little longer to get here than we would have liked, but we are very bullish that the tests will prove the soundness of our strategic approach as well as the capabilities of our Check 21 processors."

Winters added in closing, "As incredible as it may sound, Esprit may well become the first non-banking institution to offer Check 21 services within all of China. As an independent financial services provider, we believe that Esprit is well positioned to work with any number of clients and strategic partners, without delays that may arise in regards to relationships with corresponding U.S. banks."

In the U.S., the number of checks being cleared via the Check 21 process has grown geometrically. On an annualized basis, it is estimated that Check 21 processed transactions account for roughly $13.6 trillion as of July, 2007. (Source: Transactions settled through the Federal Reserve, NCHA and SVPCO with no duplicate counting.)

Esprit will be providing further updates on its Town Hall forum available at www.espritfinancialgroup.com as the project moves forward.

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division, Forex Trading, and Advanced Electronic Funds Management.

http://www.stockhouse.com/news/news.asp?newsid=6116317&tick=EFGO

NEWS NEWS NEWS

LAS VEGAS, Oct. 5 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com announced today that its CEO, Garr Winters, will be returning to China next week for high-level negotiations on several business projects.

Mr. Winters stated: "We have negotiations scheduled on a couple of deals related to our IFGX division. Our China consultant Robert Xu has advised us that we are close to achieving agreements in principal to with two specific companies seeking access to public markets.

Our local legal counsel has recommended a strategy that can significantly shorten the typical time-frame required to achieve our clients' objectives of accessing public markets outside of China. These two projects will hopefully validate this approach, and we will then be in a position to green light a number of similar projects in the pipeline."

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and IFGX Specialized Investment Banking and Financial Advisory Services.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group

All IMO

YEP, He is seeking the Chineese Goverments.Thats Great - Big Future and so on.IMO

WHOA!! First you disclose Wallys Turtle now Smoke Tree Ranch this is like where THE FAT MM go and chity chat.! I know I know you are not a MM as you say! Its just a bit too coincidental!? You must get some heavy duty tips at Wallys and Smoke Tree C mon PM me BRO!

Guten Morgen! Gibt interessante News!

Letter to the Shareholders from Garr Winter
Posted in Announcements, Investor Relations at 7:40 pm by adol77dai51

I’d like to take the opportunity to say a few words regarding the progress of Esprit and where we are heading. They are overdue, and I apologize for the delay. First, let me express my thanks for the many positive comments we receive from our shareholders. An even bigger thanks for your patience. We have been hard at work building a solid foundation upon which to achieve very aggressive objectives in terms of growth. I know that it can be frustrating to be told deals are in the works, contracts are being negotiated, and everything good is yet to come. Please know that we are as impatient as you to start closing some of these deals. More importantly, we have a high level of confidence that we can deliver that growth, and reward your patience very, very handsomely.

I know we have our detractors as well. I want to make clear that we are doing everything in our power to move things forwards as quickly as humanly possible. I think we all understand how important that is, not only from a financial point of view to build the Company to the next level, but to start generating solid, positive momentum in our stock. Again, as insiders, we can see further down the road more easily. I am therefore very optimistic about the next couple of quarters, based on the business developments we are working on.

It is also a poorly kept secret that the Company has suffered from significant short selling, and from what I can tell, there have been some desperate moves to accuse the Company of everything from outright lying and fraud, to stealing candy from a baby. Many of these criticisms seem designed to undermine confidence in the Company, rather than express legitimate complaints, in order to keep the stock price low until the shorts can cover their positions. I trust the ability of our shareholders to be able to differentiate hysterical accusations from legitimate concerns.

I’d like to announce at this point that I am planning to continue work with Esprit beyond the end of this year. Part of this is selfish. The remainder of 2007 promises to be a whirlwind. We have worked very hard to develop new opportunities to grow our Company. I’d like to hang around for a while and enjoy the fruits of our labor as we begin to turn plans into reality, and good intentions into cold hard cash.

While I will not be able to stay on in a full-time capacity as the CEO, I will remain involved to help the Company transition as it matures and the operational side of the business flourishes. However, I have other business interests that require my attention as well, and need to balance my time between these.

As many of you doubtless know, I have returned my common stock to the Company. Initially, I planned to leave after the end of the year, and would have been free to sell my common stock as I saw fit. However, as an insider, the restrictions on trading Rule 144 stock creates complications, required filings, calculations on how much I can sell at any given time. Like you, I would like to reap the rewards as the price of our stock goes up.

Thankfully, I am well enough off that this is not a financial burden. However, I didn’t get to where I am by being a complete idiot. If some of the deals we are negotiating come through as we intend, I expect to get properly compensated.

We have put together a good faith agreement to have Minaco-Tradex transfer a portion of their preferred shares to me, as the most convenient method. At this time, no shares have been transferred to me. I have confidence that things will unfold as they should, in an equitable manner to all parties. Most importantly, I have confidence that our shareholders will be rewarded for their patience.

Importantly, shareholders should know that I still have a vested interest in seeing the Company’s share price rise significantly, as this is one of the key measures on which my performance will be judged in regards to the preferred shares. In other words, I am still accountable to bring the share price up to its real potential.

I know that our Investor Relations department has been working very hard to answer your questions and concerns, and I have not made it an easy task for them by being out of the country more than in it. If there are delays in responding to your questions, please know that it is often attributable to me.

China:

As most of our shareholders are aware, China has become our key focus.

Robert Xu is completing the testing for the Check 21 service in conjunction with the banks. There was a delay getting the scanners through customs that pushed the testing process back until after the Golden Holiday week. We will provide updates as quickly as possible. I can state that things are looking very positive for this service, and we will provide more in-depth information as we get ready to roll the service out.

There are a number of China based companies that are intent on accessing the public markets outside of China, who have approached us in regards to reverse mergers. While traditional reverse mergers have a variety of obstacles in place within the Chinese regulatory system, we have developed an approach that can achieve a similar result much more easily and within a much shorter time-frame.

This will bring significant new revenues to the Company through our IFGX division. We intend to close one or more contracts in this area within a month.

PayDay Loan Division:

Our sales team continues to generate new software licenses to contribute sales in addition to our existing monthly maintenance revenue.

Australia has just recently passed new legislation that is more restrictive than the U.S. or Canada. It is likely that this will result in softer initial software licensing sales for this market.

On the good news front, Esprit has negotiated a financing package that will allow new licensees to finance the purchase of our software over an extended period of time. This achievement is very recent, and we have successfully put through the first two deals using the financing facility in the last few weeks.

We believe that this financing option will open up a whole new class of licensees, who are looking for home-based businesses. With the ability to spread the cost of start-up over an extended period of time, Cash Now becomes a very attractive business opportunity compared to most other Home-Based or SOHO alternatives.

Advanced Electronic Funds Management (AEFM):

As mentioned above, we are getting very close to green-lighting our Check 21 service for China.

The Company is also in early discussions to begin offering a new electronic funds transfer product to our portfolio. While it is premature to make any announcements, we will provide updates if and when the project advances.

IFGX:

This division has been a bit of a sleeper. The division concentrates on two key financial services; Mergers and Acquisitions (primarily reverse mergers) and merchant banking. We saw these areas as opportunistic, and a way to leverage our knowledge base of the OTC markets.

To our surprise, we have had a couple of deals come to the table within the last few months, and Robert Xu has been approached on multiple occasions by Chinese companies seeking public listings outside of China. I hope to finalize one or more of these deals in China later this month.

We will start showing revenues from this division in the upcoming quarter, and believe that the division can deliver significant revenue primarily from China, but also from the U.S. as well.

We have hired Steve Edwards to head up North American sales, and free up senior management resources.

Forex:

We have de-prioritized this project during the last quarter, but will renew our focus in this division during the last quarter of this year.

In the mean-time, Peter Presland has begun trading a house account on behalf of the Company, and has been evaluating a number of third party services that can generate additional revenue beyond the pip spread.

We will be revamping the website and adding a number of related services to our portfolio in the upcoming quarter.

In summary, there have been a lot of exciting developments for the Company during the last quarter. We didn’t end up exactly where we planned, and there have been a few bumps along the way, but we have also been quick to seize new opportunities that have presented themselves.

Jack Chang was a bitter disappointment, while Robert Xu has delivered in spades. We stalled out a little on the Forex front, but saw the IFGX division roar to life and show growth potential well beyond our initial expectations.

China holds the promise of radically transforming the Company, not only from the projects we have announced, but from projects that are not yet finalized and still confidential in nature.

Net-net, we are a couple months behind our plans in terms of generating top line revenue, but we are working on a number of projects much larger in-scope and scale, and with higher revenue potential than originally anticipated.

In short, we think we’re going to end this year with a helluva bang!

Sincerely,

Garr Winters

EFGO - Strong Buy and to be Long - $$$$