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Flint Telecom Group (FLTT) Partners with Transaction Management to Improve Position in Global Mobile Prepaid Card Market, Add Customer Value

|Includes: Flint Telecom Group, Inc. (FLTT)

Flint Telecom Group Inc., an international telecom technology and financial services organization, today announced that its wholly owned subsidiary, Ingedigit International Inc., has completed a license, marketing and distribution agreement with Transaction Management LLC (TMLLC) for the EmpaSys payment solution.

The EmpaSys Web-based systems gives merchants the ability to allow their customers to pay certain bills electronically, as well as purchase prepaid airtime and debit cards, or transfer money internationally.

Per the agreement, Flint will add new merchants to any of the existing 1,100 EmpaSys locations, offering prepaid cardholders and money transfer clients more locations to reload their accounts. In addition, it will also allow customers to transfer funds to countries not yet covered by Flint’s own money transfer programs.

The deal also allows Flint to market and sell EmpaSys products and services to its retailers, which will provide their customers with additional revenue streams and services.

Gaye Scudder, president of TMLLC, noted that mutually beneficial opportunities, such as the one established with Flint, are rare, and then detailed how each company stands to benefit.

“We get a new significant partner for the sale of our products and services and through their distribution network a party that will expand the EmpaSys™ network itself. Flint gains an existing merchant network that their customers can use with ready and proven additional services to sell to their customers also,” Scudder stated in the press release. “We believe that many of Flint’s future customers are ones that also desire convenient access to bill pay options in addition to debit card loading and money transfer. We are also working to add Flint Mobile to the current airtime options we offer on EmpaSys™ that will give Flint Mobile customers more locations to purchase their airtime across the country.”

Vincent Browne, chairman and CEO of Flint, said the partnership opens doors for both companies to improve their financial position, grow their respective customer bases, and take advantage of a growing market.

“The synergy of the relationship with TMLLC and EmpaSys products and services is an opportunity for both companies to expand network locations, services and customers and to grow respective revenues and profits moving forward. We believe that EmpaSys brings a fully complementary service to what we do today and plan to do in the future. This allows our clients and customers to access a wider selection of merchant locations to load and reload their prepaid cards,” Browne stated. “It further underpins our mobile money transfer and prepaid card programs in partnership with leading banking and marketing partners around the world. The global prepaid card market is experiencing huge growth and we are positioning to take our share of it over the next few years.”

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