No Borders, Inc. Announces Initiation of Mass Debit Card Distribution Program

Business Wire, March 17, 2005

LOS ANGELES -- No Borders, Inc. (OTCBB:NBDR), a Nevada corporation, announced today that it has initiated the implementation its mass debit card distribution program by entering into a joint venture agreement with Equity One LLC. The joint venture, named One Borders, is owned 50% by No Borders and 50% by Equity One. The joint venture will deliver and sell open system debit cards to distributors currently reselling prepaid phone cards to vast numbers of retail outlets throughout the United States. The cards, integrated with prepaid phone minutes, will serve as both a prepaid phone card and as a stored value debit card, with funds loaded onto the cards by the consumers at the retail outlets as well as at No Borders' affiliated merchant sites.

Raul Hinojosa, President and Chairman of No Borders said that "this joint venture accelerates the implementation of our business plan, which calls for the mass disbursement of stored value cards managed by our stored value card platform. These open system debit cards provide our target consumer base with a low cost product accessing ATMs and merchant point of sale devices. The cards also allow access to the many low cost services and products offered through our stored value card platform.

"The mass distribution of these cards at retail locations currently selling phone cards, when combined with the stored value cards provided at No Borders's affiliated remittance merchant sites, will accelerate our penetration into our targeted unbanked and underserved immigrant communities. We are fortunate to have Equity One as a partner. The Chairman of the member of Equity One holding a majority interest in that company, Ed Shelton, is a pioneer in the debit and credit card industry, having served as one of the select number of senior executives on each of the American Express and Visa management teams during their formative periods."

About No Borders

No Borders is in the business of providing a debit and stored value card platform through which a variety of financial and commercial services and products can be offered to residents of developing countries, and to immigrants from those countries who reside in the United States and send money back home on a regular basis. No Borders offers significantly lower cost money transfers and long distance telephone services, initially focusing on Mexico, El Salvador and Ecuador. According to Inter-American Development Bank, Latin American immigrants in the U.S. sent back home an estimated $40 Billion in 2004, and that growth for 2005 is expected to increase by over 20%. The Company believes that it will accelerate its penetration into this growing market, first by reducing the excessive costs currently charged to the consumer, and second by offering a full range of financial and commercial services and products to this emerging transnational market, at significantly lower prices.

For further information, contact Jim Hock, No Borders' Shareholder Relations Department, at 1-866-337-8725.

Certain statements in this release and other written or oral statements made by or on behalf of the company are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties, including market acceptance of the company's services and projects, the company's continued access to capital, and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such The company undertakes no obligation to publicly update or revise statements. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.