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Morgan Beaumont Enters Into Distribution Agreement With Virtual Card Services, LLC.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SARASOTA, Fla., May 26 /PRNewswire-FirstCall/ -- Morgan Beaumont, Inc. (BULLETIN BOARD: MBEU) , a premier technology solution provider to the Stored Value and Debit Card market and owner of the SIRE Network(TM), today announced that it has entered into an exclusive distribution agreement with Virtual Card Services, LLC (VCS).

Virtual Card Services will market Morgan Beaumont's debit cards to automotive dealers nationwide who are focused on serving the sub prime market, as well as to its own customer database of sub prime consumers. VCS anticipates an initial shipment of 100,000 cards during this quarter.

Cliff Wildes, CEO of Morgan Beaumont, stated, "We are very pleased to announce this valuable distribution relationship which will facilitate the expansion of our POPs to automotive dealers and give us access...

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