CMEY cMoney Inc (CE)

cMoney, Inc. (Pink Sheets:CMEY), a leading technology company at the forefront of the international mobile phone-based payment and money transfer services, announced today that the Company has increased investment opportunity for all existing and potential shareholders by substantially increasing the authorized share allotment. "We've heard what investors and members of Wall Street have been saying and we're responding with a new and improved share structure for the Company," stated Paul Matthews, CEO of cMoney, Inc. "In order to continue raising capital in the most non-dilutionary way possible, our consultants have advised us to raise the number of authorized shares. So far shareholders have responded quite favorably."

 

The CEO has indicated that one of cMoney's major investors will be increasing their financial commitment to assist in strengthening the cMoney brand and accelerating the acquisition of the Company's core product. This investment coincides with the Company's continued expansion both domestically and internationally.

 

"We thank all of our investors and shareholders for their continuing support and for sharing the cMoney vision. Investor confidence allows us to develop our core solution more rapidly and into other geographic locations, while more importantly, accelerating our global capabilities," continued Matthews. "Our cMoney solution will now become available to our partners, major financial associations and customers who have been anxiously anticipating the arrival of our platform."

 

For more information, visit www.cmoney.com or contact contactus@cmoney.com.

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, 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: cMoney, Inc. 
         Paul Matthews
         CEO 
         (713) 589-5393 ext. 105
         contactus@cmoney.com

         Heritage Corporate Services, Inc.
         Jeffrey Staller
         President
         (561) 210-5675
         Jeffrey@HeritageCorporateServices.com