SOURCE: Telfund International

Telfund International

November 11, 2009 22:27 ET

Telfund International Opens Its Money Remittance Network for Transactions

HONG KONG--(Marketwire - November 11, 2009) - TFI Global Limited ("Telfund International," the "Company") announced today the opening of its Money Remittance Network for live money sending transactions. Canada will be the first market open from which transactions can originate and the Republic of the Philippines will be the first market open to which money remittance transactions can be sent. The company expects to have transactions originating in the United States later this week with sending capabilities to 22 countries including Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Ethiopia, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru, Philippines, Taiwan, United States and Uruguay.

Money can be sent to these countries for cash pickup at nearly 14,000 locations and directly to bank accounts in certain countries such as the Philippines. In order to send money through Telfund, the general public must register as a Telfund International member, which can be done for free online or by phone. Paying members receive lower money sending and specialized phone calling rates, for example distributor-members can send money for $2. Free members can send money for $8. Telfund promises to offer the best currency exchange rates of any competitor.

Telfund founder Jayme Amirie commented, "We appreciate the strong support of our Global Founder Council and all our members during our development and pioneering stages and look forward to the success of all 64,000 Telfund members as we enter our momentum phase. With money sending capabilities open, our journey to help the 150 million migrant workers worldwide get more of the money they send home into the hands of their loved ones has begun."

Telfund's proprietary Mobile Money Transfer service will soon be augmented to include the full spectrum of services that are available to Telfund members from their online back-office. The initial service offering will be "Standard Service" which promises funds to be available to recipients within three banking days from the date funds are available in the sender's e-wallet account. A faster service called "Express Service" will soon be introduced that will deliver funds to recipients worldwide within a few minutes.

About Telfund International

TFI Global Limited of Hong Kong operates the Telfund International services platform, which offers specialized calling services to Telfund members worldwide and which the Telfund family of Money Service Businesses ("MSB's") worldwide use to originate, transport and send financial remittance transactions. MSB's worldwide include Telfund International USA, Telfund International Canada, Telfund International Taiwan, Telfund International Philippines, Telfund International Hong Kong and Telfund International UK. As the world's only International Communications and Money Transfer Social Network, Telfund has over 64,000 members as of the date of this press release. The focus of the company now is to capitalize its international expansion and expand its marketing. Next target markets for expansion and money sending destinations are China and India.

Copyright © 2009 TFI Global Limited. All rights reserved.

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