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MLON International Ventures, Inc. Announces PayChest Acquisition and Moves Into Payment Processing Business
MLON International
Ventures, Inc. (OTC: MLON) is acquiring up to 60% stake in PayChest, Inc.,
a provider of alternative payment processing to PayPal, Inc. from Wall
Street Securities, Inc. and changing its business focus to provide payment
processing to the hundreds of millions of consumers around the world who
are unable to process payments with existing providers like PayPal, Inc.
Wall Street Securities will become one of the largest shareholders of MLON
as a result of this acquisition. And MLON intends to change its name to
PayChest, Inc. upon completing the acquisition.
"There is a huge underserved marketing of hundreds of millions of people in
countries all over the world that are unable to process credit cards, as
PayPal does not provide services for a large number of countries outside
the United States," said Alejandro Cerda, CEO of MLON International
Ventures, Inc. "PayChest has recently finalized the roll out of its
Internet Payment System and intends to publicize these services throughout
the global community beginning in quarter one of 2006 -- we think there is
a large market of consumers who need a low-cost, effective way to purchase
goods traditionally and online (ecommerce) and then have a way to securely
process the transaction and/or make payments available to third parties in
countries that are again not served by PayPal, Inc. and other providers."
About MLON International Ventures, Inc.
MLON is moving into the $34B financial services and global currency markets
through its acquisition of PayChest, Inc. via Wall Street Capital, Inc. The
market is large and underserved at present, as PayPal, Inc. is only able to
provide payment processing in approximately fifteen countries outside the
United States, which means there are significant opportunities for us to
become the dominant supplier in several hundred countries scattered
throughout South America, Europe, Africa and Asia. www.paychest.com.
We intend to market our financial transaction processing services where
PayPal, Inc. is not active by utilizing a powerful viral marketing
method -- each user of our services, be it vendor or consumer, will require
others to use the service in order to complete a financial transaction.
Another tremendous accelerant for our new business model is the growth and
acceptance of Ecommerce -- the global Internet community is over 1 Billion
in size and projected to hit 2 Billion within the next ten years. For more
information please contact Alejandro Cerda, CEO, +(5255) 5673.2364,
Gavillero 32, Residencial Villa Coapa, 14390, Mexico D.F., Mexico,
www.mlonventures.com.
This release contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the company's
current views with respect to future events that involve risks and
uncertainties including uncertainties related to successful negotiations
with other parties, closing of transactions, capital availability,
operational and other risks, uncertainties and factors described from time
to time in the company's publicly available SEC reports. In light of these
risks and uncertainties, the forward-looking events described in this
release might not occur.
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