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(EMAILWIRE.COM, April 28, 2008 ) CALGARY, Alberta, Canada – Euro Sparkassa International Savings Bank signed a exclusive agreement with FranTech Canada Licensing, (FranTech), of Calgary, Alberta, Canada, which grants FranTech the exclusive right to market Euro SparKassa Ekonomisk Forening International foreign depository services licenses called "Global Cash Management Card" through FranTech's network of 600 agents in 220 countries to Governments around the world.
The company explained that the Euro Sparkassa will provide access to politically and economically stable jurisdictions through correspondent relationships on EuroClear with franchised and licensed banks worldwide services, Investment Management, Debentures, Documentary Credits, Foreign Exchange, Guarantees, Letters of Credit are uniquely suited to meet the 21st century regulation of "Global Cash Management Banking"
needs of most countries. The online global banking economic association by the patent and registration office (PRV) system of the Kingdom of Sweden allows for quick and secure insured depository accounts worldwide in trust for their depositors customer banking needs on EuroClear, in a simple, safe, easy to use and understanding Foreign Capital Depository format.Worlds first Franchised Foreign Capital Depository in 220 countries.
Euro Sparkassa received its charter upon meeting all requirements set in the Euro Savings Bank Economic Association. Foreign Capital Depository Act approved on EuroClear.
Euro Sparkassa Ekonomisk Forening Franchise for globalization is the future of Correspondent Relationships with banks of the world on EuroClear and its new platform to set new international standards in the 21st century regulations of online banking. Euro Sparkassa Ekonomisk Forening services ,such as, Investment Management, Debentures, Documentary Credits, Foreign Exchange, Guarantees, Letters of Credit, trust and corporate management, which have specific tax advantages for many individuals worldwide under Euro Sparkassa Ekonomisk Forening "Global Cash Management Card".
Robert S. Ivain, Finance Director of Euro Sparkassa Ekonomisk
Forening, said, "We chose FranTech because of their tremendous geographic reach and proven track record in establishing licensing agreements. With more than 35 years of experience, FranTech knows international banking regulations and tax competition banking, trade policy, insurance law, marketing, franchising, investment banking, and technology research. Its broad expertise, coupled with access to key Governmental decision makers, provides services uniquely valuable to Euro Sparkassa overseas in Asia, Suadi, Arabia, United Arab Emirates, Iraq, Korea, India, China."
The company explained that FranTech's mission is to foster the development of the global economy by providing a global perspective to bankers, developers, marketers, manufacturers and innovators on newly emerging and preemptive banking technologies. It offers world-class solutions for the licensing and transfer of USA and Worldwide innovations to emerging economies.
Philip Nadeau, CEO of FranTech, said, "We see a tremendous market worldwide for Bankers and investors for Euro Sparkassa Foreign Capital Depository Franchise services and already have interest from several countries. Euro Sparkassa is working with FranTech to establish a truly global banking franchise footprint in 220 countries. We plan on developing Euro Sparkassa Ekonomisk Forening brand name recognition and positioning of Euro Sparkassa with many Governmental financial agencies where we already have relationships in place."
About Euro Sparkassa Ekonomisk Forening International Depository Bank
The Euro Sparkassa Ekonomisk Forening International Depository Bank service consists of a secure banking system called "Global Cash Management Card" with 24 hour markets that Foreign Capital Depositors can access accounts in 220 countries. Euro Sparkassa Franchise to provide banking management to institutions and high net worth foreign depositors individuals anonymous bank accounts with higher rate loans based on their investment opportunities available worldwide.
All Euro Sparkassa Franchised transactions are insured, monitored, secure and kept completely private and confidential. Euro Sparkassa Ekonomisk Forening Foreign Depositors franchise soon will be able to Goverment Bond offerings, banking and forex regardless of the country of origin on a 24 by 7, or at least 24 by 5 basis. Euro Sparkassa licensee's has the ultimate objective is to become the preferred global liquidity fund provider for all bankers around the world.
The focus of Euro Sparkassa International Depository Bank is to give worldwide banks "Global Cash Management Card" ONE WORLD CARD exposure to Foreign Depositors and investment capital from all over the world (in 220 countries) and not just in the country of their primary banking, while providing Foreign Depositors with an 18- 24 hour "Global E-Banking" day online versus the 6 ½-7 hours provided for Foreign Depositors on most world banking platforms. Euro Spakassa Ekonomisk Forening provides qualifying Global Banks with numbered accounts with a second Euro Sparkassa account in their old bank.Account holders or assets with Euro Sparkassa, becoming one of the largest accounts in prior.
About FranTech Canada Licensing
FranTech Canada a worldwide company consists of core partners surrounded by interlocking networks of consultants and affiliates in key banking countries and disciplines. They have over thirty-five years of experience with their proven partners. In addition, FranTech has proven track records in assembling, negotiating and consummating trade, licensing, franchising, technological transfer and financial agreements; They pool strengths drawn from experience in international banking, securities, and trade policy, insurance, law, marketing, investment banking and technology research. This broad expertise, coupled with access to key Governmental and business decision makers, provides services uniquely valuable to Euro Sparkassa Ekonomisk Forening in the restructuring global economy.
Euro Sparkassa is pleased to commence a strong working relationship with the Global FranTech Group, FranTech Canada.
FranTech's mission is to foster the development of the global economy by providing a global perspective to bankers, developers, marketers, manufactures, and innovators of newly emerging and preemptive banking technologies. They offer world-class solutions for the licensing and transfer of USA and Worldwide innovations to emerging economies in 220 countries worldwide for over thirty-five years.
Bank Euro Sparkassa Ekonomisk Forening licenses available in select countries.
For information on this exclusive Savings Bank Back Room Patent and Reistered Bank Center technology contact:
FranTech Canada
BANKERS HALL
West Tower
888 3rd Street SW
Calgary, Alberta T2P 5C5
CANADA
Jelle Braaksma, President
FranTech Canada at: (403 ) 444- 6911
President@FranTechCanada.com
Vitit us at: www.FranTechCanada.com
Safe Harbor Statement:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labelled with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
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FranTech
Jelle Braaksma
(403 ) 444- 6911
President@FranTechCanada.com
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