MonoBank PLC Reports Progress Towards Launch of MonoOne Prepaid Card

MonoBank PLC / Product Launch

18.01.2010 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this
announcement.

---------------------------------------------------------------------------

London, United Kingdom - (For immediate release) - January 18th, 2009 18:30
CET
MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is
pleased to provide an update on the MonoOne prepaid card program offered by
our wholly-owned subsidiary Mono Prepaid Ltd.

 The prepaid card program is in the final stages of approval, and we have
received a provisional card production date of 12th of February with an
expected completion date of the 19th of February, 2010.  Once completed we
will test the program for approximately one week, after successful testing,
the program will be reach for launch.

The fee structure, card design and the program term and conditions are
completed and approved, including the www.monoprepaid.com  website card
ordering; card loading; and account management components.  Once the
program is fully approved, the Mono Prepaid website will be live and
available to prospective card holders.

The MonoOne card proposed fee structure has been finalized and the retail
card purchase price for the card will be £ 9.95 in the United Kingdom and
EUR 13.50 in the European Union.   Retail Point of Sale cardholder
purchases within the U.K. are free and a small fee applies to purchases
outside the UK and within the EU.  Cardholders can load money on their
cards using the Internet, the SMS functionality of their mobile phone or at
retail locations for a minimal fee. Transaction fees and monthly service
fees are low to ensure cardholder loyalty.

In addition to the U.K., the MonoOne card will be available for purchase
throughout the SEPA 31 member countries of the Single Euro Payments Area
(SEPA), which includes Belgium; Bulgaria; Denmark; Germany; Estonia;
Finland; France; Greece; Iceland; Italy; Liechtenstein; Lithuania;
Luxembourg; Latvia; Malta; Netherlands; Norway; Austria; Poland; Portugal;
Romania; Sweden; Spain; Slovenia; Slovakia; Czech Republic; Hungary; and
Cyprus, with a total population of over 500 million people.

MonoBank PLC management is confident that the company will be in a position
to start marketing the MonoOne card shortly for fulfillment in February of
2010.

About MonoBank PLCMonoBank 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. 

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




18.01.2010  Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------