SOURCE: Compass Biotechnologies Inc.

October 16, 2012 09:45 ET

Compass Biotechnologies' Wholly Owned Subsidiary, 1World Direct US Inc., Announces Prepaid Debit Card With Remittance Program

LAS VEGAS, NV--(Marketwire - Oct 16, 2012) - Compass Biotechnologies Inc.'s (PINKSHEETS: COBI) wholly owned subsidiary 1World Direct US Inc., today announces the company will distribute a newly launched reloadable prepaid debit card. This enables non-banking consumers many of the same freedoms bank customers currently enjoy, plus the added convenience of card-to-cash remittance. 1World Direct's reloadable prepaid debit cards can be used for electronic purchases, paying bills, ATM cash withdrawals and to transfer money internationally -- no bank account required.

1World Direct US universal prepaid debit cards give new meaning to their "universal" designation. 1World Direct US, an innovative prepaid card marketer and money service business, announced the launch of a prepaid debit card that offers cardholders the ability to make card-to-card or card-to-cash worldwide money transfers.

"We utilize world class technology to provide fair-priced, value-added financial services, like our international money transfer service," says Tom Krucker, President and CEO. "This money remittance service provides immigrants with an affordable, safe and convenient way to send money to family in another country."

While other loadable prepaid debit cards allow bearers to transfer only from card to card, the 1World Direct US, prepaid card allows for card-to-cash transfers as well. 1World Direct US cardholders simply set up friends and family as recipients, and call customer service or log onto an online account to make a transfer. "1World Direct will strive to make a positive difference in the lives of people who either do not have access to, or choose not to use, mainstream financial services," says Krucker. "With the current economic situation in the United States and worldwide, reloadable prepaid cards offer tremendous value to credit constrained consumers. 1World Direct US prepaid cards offer cardholders convenience, value and a way to budget for expenses."

In addition to international money transfers, 1World Direct US prepaid cards offer unbanked and underserved consumers access to, many of the same amenities that bank account holders receive with their accounts: cash withdrawals at millions of ATMs worldwide, the ability to pay bills more easily, mobile banking, free direct deposit and other conveniences.

For the individual consumer with little or no credit and no bank account, the 1World Direct US prepaid card opens up access to electronic purchases and bill paying, safer spending and money management, convenient overseas money remittance and other services that cannot be fully or conveniently accessed by someone using only cash. The enhanced buying power reloadable prepaid debit cards provide to these consumers can be instrumental in gaining greater access to goods and services.

ABOUT: 1World Direct US Inc. and Compass Biotechnologies Inc.

1World Direct US Inc., a wholly owned subsidiary of Compass Biotechnologies Inc. (PINKSHEETS: COBI), integrates and provides direct payment systems into the global community that positions the company above its direct competition. 1World Direct leverages the integration of its branded cards and expands access to its stored value cards for consumers through multiple distribution channels. 1World provides a singular competitive resource for affordable funds transfer and stored value products and services generating continued profits for its shareholders.


Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.

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