Posted On: 10/25/2013 4:37:25 PM
Post# of 5115
Connect2Family = Prepaid Debit Cards, global payments and remittances businesses
On March 23, 2012, Flint announced the successful negotiation and sale of the Prepaid Debit Cards, global payments and remittances businesses. Although these businesses have high future growth potential , they were capital-intensive and the Company could no longer support the level of investment required to keep them operating. Management believes that the agreement with Brankib will allow Flint to share in the future success of these businesses without requiring additional capital expenditure from Flint.
http://www.flinttelecomgroup.com/index.php?pa...ease_id=66
On March 23, 2012, Flint announced the successful negotiation and sale of the Prepaid Debit Cards, global payments and remittances businesses. Although these businesses have high future growth potential , they were capital-intensive and the Company could no longer support the level of investment required to keep them operating. Management believes that the agreement with Brankib will allow Flint to share in the future success of these businesses without requiring additional capital expenditure from Flint.
http://www.flinttelecomgroup.com/index.php?pa...ease_id=66
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