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E-Monee Receives License to Provide Services |
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Wednesday, 28 May 2008 |
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BOCA RATON, Fla.--(BUSINESS WIRE)--E-Monee.com, Inc. (E-Monee) (Pink Sheets:EMNC - News) is pleased to announce the receipt of a license from the government of Sharjah in United Arab Emirates. The license will allow E-Monee to provide electronic payment solution and electronic banking solutions to over five hundred thousand construction workers in Sharjah, UAE. This license is first in its kind in UAE. The license will allow the Dubai headquarters to serve as the hub for business development and operations in the Middle East. |
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Dreams Receives $23 Million in Credit Facilities from Comerica Bank |
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Thursday, 22 May 2008 |
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PLANTATION, Fla.--(BUSINESS WIRE)--Dreams, Inc. (AMEX:DRJ - News) announced today that it has been approved for up to $23 million dollars in credit facilities with its senior lender, Comerica Bank. The initial credit provided was $18 million. The substantial increase comes less than one-year after Dreams named Comerica Bank as its new senior lender in June 2007. |
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E-Monee Continues to Address Electronic Payment Mandate |
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Friday, 23 May 2008 |
 BOCA RATON, Fla.--(BUSINESS WIRE)--E-Monee.com, Inc. (E-Monee) (Pink Sheets:EMNC - News) previously announced that the government of Dubai had placed a mandate on all construction companies to have all expatriate workers on an electronic payment system by January 2008. This mandate has been extended to later in 2008, and E-Monee continues efforts to implement its systems in order to meet the extended deadline. Recently, his Excellency Dr. Ali bin Abdulla Al Ka'abi, UAE Minister of Labor, announced that the Ministry of Labor has been pushing for a service offering that provides a global financial service customized for the expatriate workers through various US companies. His Excellency Dr. Ali bin Abdulla Al Ka'abi said that, “We are happy to be working with US companies to provide all UAE employers and expatriate workers a secure, affordable, easy to use product. This will result in financial inclusion of the large under-banked population, which is certainly the need of the hour.” In addition to meeting the current mandate, E-Monee’s objective is to roll out this solution to all GCC countries, to enable the entire expatriate workforce servicing that area to benefit from this convenient and cost-effective technology, as far as securing their salaries and moving their money is concerned. |
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