HOUSTON, Jan. 9, 2012 /PRNewswire/ -- cMoney, Inc.
(Pinksheets: CMEY.PK - News), a leading technology company at the
forefront of international mobile phone-based payment and money
transfer services, announced today that the Company will venture
into the rapidly growing "Virtual World", a sector expected to
reach $14 Billion by 2014. "While we
begin to unveil our cutting edge cMoney solution, we expect to
quickly integrate our technology in the virtual world," stated
Paul Matthews, CEO of cMoney, Inc.
"With the overwhelming popularity of Facebook, and now publicly
traded Zynga, we're entering the virtual market at a perfect time.
This industry is expected to double within 2 years."
The interesting objective is the potential ability to exchange
purchased items, for example, with Facebook credits; or, at least,
exchange Facebook credits for physical items at a store. The
ability to facilitate this would mean the creation of a channel
(cMoney) to trade between the real physical world and the virtual
world by using a single currency system. Essentially, this is a
trade settlement system for Facebook credits to build up the
economic value of that virtual currency.
While cMoney continues the audit process, the Company will work
to offer other virtual alternatives in the real world. "With our
upcoming cloud integration with Sirius Computer Solutions, we'll be
able to integrate this virtual experience faster and more securely
than ever," concluded Matthews.
About cMoney, Inc.
cMoney provides innovative secure mobile payment solutions for
mobile phone users, retailers and financial institutions globally.
The Company has developed an innovative way to send and receive
money, pay for goods and services during a POS or online
transaction, conduct transactions on their customized ATMs, and
provide an online banking atmosphere utilizing patented mobile
phone and text messaging technology. Scheduled to debut in 2012,
the pioneering technology will create a "virtual wallet" which will
eliminate exposure to identity and credit card theft for users. It
can be used anywhere that cash, checks, debit or credit cards are
accepted.
Safe Harbor Statement
Except for historic information contained in this release, the
statements in this news release are forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause a company's actual results in the future to differ
materially from forecasted results. These risks and uncertainties
include, among other things, the company's ability to attract
qualified management, raise sufficient capital to execute its
business plan, and effectively compete against similar
companies.
Contact:
Jeffrey Staller
President
Heritage Corporate Services, Inc.
(561) 210-5675
Jeffrey@HeritageCorporateServices.com
SOURCE cMoney, Inc.
