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GTLA NEWS!!!
FULLERTON, CA--(Marketwire - 09/14/09) - GT Legend Automotive Holdings Inc. (Pinksheets:GTLA - News) announced recently that a Binding Letter of Intent had been signed to acquire Sovereign Transfer Services Corp. GT Legend now announces that Sovereign Transfer Services Corp., trading as Sovereign Card Services, is forming a joint venture with Greenlink Interactive, to develop PODS (point of decision systems) that will allow the sender and recipient to see each other "LIVE" during the banking transaction. These PODS will be deployed in high traffic retail locations such as grocery stores, malls, mini-marts and major retail stores worldwide.
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GTLA.PK 0.0005 +0.0002
{"s" : "gtla.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Sir Michael Burton-Prateley, CEO and President of Sovereign, remarked, "We are delighted to be partnered with Greenlink to bring an important service to those who are currently disadvantaged through lack of access to safe, reliable and inexpensive cash management services. In addition we believe that in pioneering deployment of reverse ATM equipped PODS, we can empower individuals to take complete control of their banking activities -- depositing, withdrawing and transferring funds and paying bill at the POD, in real time and at very attractive charges. There are over 40 million Americans who do not currently have bank accounts -- we will offer a compelling 'banking system' to these valuable individuals and provide a low cost platform for US-based individuals to support their families and dependents anywhere in the world."
Jim Wheeler, CEO of Greenlink Interactive, commented, "I am excited about the future and the ability Greenlink Interactive and Sovereign will have to reconnect families throughout the world."
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