Not much information on whats going on at the moment, come...

Not much information on whats going on at the moment, come across this from Ezybonds.
Some of you may have already seen this.. thought i would post it anyway



DJ Ezybonds (UK) PLC Market Update
TIDMEZB

Ezybonds (UK) plc

("Ezybonds (UK) " or the "Company")

Market Update

The Directors of Ezybonds UK Plc wish to provide an update in regard to the
suite of products developed and powered by Ezybonds Inc.

The most significant of these products is the Ezycashtm Prepaid MasterCard® Card
("Ezycash Cardtm"). The Ezycash Cardtm program is managed by Nishe Technology
Inc. and issued by Eastern Caribbean Co-operative Central Limited (ECCCL)
pursuant to a license from MasterCard International Incorporated. Nishe
Technology Inc. is a registered Merchant Service Provider with MasterCard
International Incorporated and sponsored through the partnership with the
Eastern Caribbean Co- operative Central Limited.

Ezybonds Inc has advised the Company, that in addition to the Ezycash Cardtm
program, the Ezybonds Global Payment Platform ("EGP Platform") is fully
operational and it now permits its members to conduct their financial affairs
in an efficient and cost effective manner. The EGP Platform allows its users
to:

* Instantly send and receive payments with an Ezyaccount.

* Make payments and transfer funds via SMS with EzySMS.

* Receive online payments and share revenues as an Ezymerchant.

* Access to the largest and most advanced payment network in the world by
using an Ezycash Cardtm.

The Ezybonds Inc global marketing teams are now actively assisting numerous
clients in all industry sectors to efficiently migrate their financial
transactions to the EGP Platform. Some of these clients, including Priority 1
Rewards/Go Connect and the World Taekwondo Federation, are entering the system
integration phase in accordance with their existing contractual obligations.

Ezybonds Inc has advised that one of its substantial merchants, the American
Joint Online Company ("AJOC") (a subsidiary of Computer Associates
International) purchased and fully paid for 10,000 Ezycash Cardstm. AJOC
undertakes strategic e-commerce marketing activities by developing software
systems primarily focused on real estate, finance, tourism, and biotechnology
industry sectors. Through its global e-commerce internet marketing and
proprietary software systems, AJOC provides its clients in China, Japan, Korea,
United States, Canada and the Netherlands with access to a range of marketing
tools that develops a competitive edge, nurtures supply partnerships, and
rapidly expands customer data bases.

The operational launch of the Ezycash Cardstm and EGP Platform is a significant
milestone for Ezybonds UK Plc. Your Directors advise that they are now
expecting to receive significant revenues as a result of the Royalty Agreement
("Agreement") with Ezybonds Inc. This Agreement provides Ezybonds UK Plc with a
50% share of all revenues generated by Ezybonds Inc. It is estimated by your
Directors that the forecast revenues will result in the Company recording a
post-tax profit for the12 months ending 30 June 2012.

In accordance with this Agreement, your Directors are pleased to advise that
they have received a royalty payment of USD$9,142.75 on the initial purchase of
10,000 Ezycash Cardstm by AJOC. Further royalty payments will be forthcoming as
more orders are placed by AJOC. In addition, Ezybonds Inc has advised Ezybonds
UK Plc that Ezybonds UK Plc will receive recurring weekly royalty payments
estimated at USD$1.15 per card when AJOC members begin to use their Ezycash
Cardstm in mid-December 2011.

The Company will continue to provide regular updates to the market in relation
to the progress that Ezybonds Inc is making with its clients and the expected
positive financial outcomes for the Company.

Mr Anthony Liston Mr Phillip Pryor

Director Director

The Directors of the Company accept responsibility for this announcement.

FOR FURTHER DETAILS PLEASE CONTACT:

Anthony Liston Ezybonds (UK) +61 404 199 200

Phillip Pryor Ezybonds (UK) +61 419 342 457

Katy Mitchell WH Ireland Limited +44 791 744 2517





END
(END) Dow Jones Newswires

November 03, 2011 09:15 ET (13:15 GMT)

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