MonoBank Announces Agreement with Prepaid Financial Services

MonoBank PLC / Agreement/Contract

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announcement.
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London, United Kingdom - (For immediate release) - 25th August, 2009

MonoBank PLC, WKN: A0MRLW, FRK: WNW, a company specializing in offering
prepaid debit solutions to the credit challenged consumer market, is
pleased to announce we have signed an agreement for the provision of a
white-label branded prepaid debit card solution with Prepaid Financial
Services Ltd. (PFS). PFS is a global payment and processing solution
provider located in London, United Kingdom. The PFS solution has been
specifically tailored with enhanced functionality to meet the unique
requirements of MonoBank PLC, creating one of the most integrated and
technologically advanced solutions available today in the transaction
processing market.  The program rollout will take approximately 12 weeks
from start to finish.

This re-loadable prepaid card solution - the MonoOne card, integrates
mobile payment applications or m-transaction banking combined with the
security of the MasterCard(R) (including Chip and PIN) and Visa(R) global
processing networks in collaboration with numerous issuing banks around the
world.  The MonoBank prepaid cards can be used to make purchases and access
cash at over 28 million locations worldwide.  By collaborating with PFS,
MonoBank can provide a proprietary solution offering Internet and SMS/text
functionality and Mobile Payment System (MPS) solutions for loading and
transfering funds, enabling clients to securely manage their funds using
the MonoOne prepaid card and their mobile phone.

MonoBank will initially target the UK and European markets with a single
card solution - the MonoOne platform. Customer sales and service will
support all markets speaking English, French, German, Italian and Spanish.

About MonoBank PLC 
MonoBank PLC, a company incorporated in London, England was founded with
the vision of providing products and services to credit challenged
prospects. The company's mission is to provide a variety of products and
services to the credit challenged and to continue to develop new
first-to-market prepaid and debit card programs, building on consumer
acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive
to meet those specific needs with quality service and individual attention.
We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement: 
This release includes forward looking statements, which are based on
certain assumptions and reflects management's current expectations. These
forward looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. The Company disclaims any intention
or obligation to update or revise any forward looking statements, whether
as a result of new information, future events or otherwise. 'Safe Harbor'
Statement under the U.S. Private Securities Litigation Reform Act of 1995:
This release contains certain 'forward-looking' statements within the
meaning of the Private Securities Litigation Reform Act of 1995.

Copyright (c) 2006-2009 MonoBank PLC. All rights reserved.



For further information please contact: 
MonoBank PLC. 
Investor Relations Department
+ 44 (0) 20 7788 7986


25.08.2009  Financial News transmitted by DGAP
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