Business Services Industry

No Borders, Inc. Partners with Transaction Management, LLC and Security Bank of Texas Offering Bill Payment and Load Network Services for the No Borders Next Generation Card Product

Business Wire, Sept 14, 2005

VENICE, Calif. -- No Borders Inc. (OTCBB:NBDR), a Nevada Corporation, announced today the execution of an agreement allowing No Borders to utilize and resell Security Bank, Ralls, Texas, EmpaSys services, including prepaid debit card loading and electronic bill payment. EmpaSys, a highly advanced web-based platform, will be marketed by No Borders to Merchant Agents in conjunction with its next generation prepaid debit card product, slated for production rollout in mid 4th quarter. E[acute accent]"Utilization of the EmpaSys platform and their license arrangement with Security Bank will allow No Borders to sell a combined integrated solution for bill payment, loading of our future next generation prepaid debit card, and remittances through money transfer partnerships we are developing with financial institutions and licensed money transmitters," said R. M. Rosenfeld, No Borders, Inc.'s Chief Executive Officer. He further added, "Consumers will be able to walk into a single agent location and pay cash for bill payments, load cards, and initiate remittances at a very low cost." E[acute accent]"We believe our platform and network of over 1400 agent locations and thousands of bill payment payees will increase No Border's ability to serve its market by providing low cost, secure and effective load points for its next generation prepaid debit card product," said Larry Scudder, Chief Executive Officer of Transaction Management, LLC. "We are excited about the opportunity to partner with No Borders."

E[acute accent]About No Borders

E[acute accent]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 via alliances being developed with licensed remittance companies and financial institutions and long distance telephone services, initially focusing on Mexico, El Salvador and Ecuador. According to Inter-American Development Bank, Latin American immigrants in the US sent back home an estimated close to $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.

E[acute accent]About Transaction Management, LLC

E[acute accent]Transaction Management is a leading electronic payment services company providing electronic transaction services and walk-in bill payment services to a nationwide market. Among its product offerings, TMLLC currently markets the EmpaSys "Pay All Bills Here" electronic bill payment solution from Security Bank. The company offers services through its channel partners and referral agents for electronic commercial banking and bill payment services. These services, along with the many other electronic payment processes that the company provides, enhance merchants' ability to increase their walk-in traffic, increase their revenues, and accept payments anytime, anywhere and in any fashion. To learn more about Transaction Management, please visit http://www.transactionmgmt.com and http://www.payallbillshere.com.

E[acute accent]About Security Bank

E[acute accent]Security Bank is a 93 year old community bank domiciled in Ralls, Texas, offering full banking services in addition to its EmpaSys walk-in bill payment service marketed through TMLLC. Security Bank is a substantial investor in TMLLC. E[acute accent]For further information, contact Jim Hock, No Borders' Shareholder Relations Department at 1-866-337-8725.

E[acute accent]Certain statements in this release and other written or oral statements made by or 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 and 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 statement. 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.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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