SOURCE: Expert Group

February 23, 2011 09:20 ET

Expert Group, Inc. Announces the Next Generation Visa Pre-Paid Credit Card

MIAMI, FL--(Marketwire - February 23, 2011) -  Mother of Pearl Card, Inc. a division of Expert Group, Inc. (PINKSHEETS: EXPU) is aggressively entering into the growing $1.8 Trillion Dollar global prepaid Credit card market. Expert is a financial service and product company with experienced management in the financial services industries, Expert plans to offer the Mother of Pearl Card in the US and Latin America. 

A full vertical approach will ensure that Expert has successful and synergistic solutions in the prepaid card sectors and leverages its internal infrastructure for solutions to launch The US market is the dominant global credit card market. The total amount loaded for prepaid cards in 2008 (including both open-loop cards -- which are general purpose cards that carry the American Express, Discover, MasterCard or Visa logo and can be used wherever those cards are accepted -- and closed-loop cards -- which can only be used in specific places) was $247.7 billion, a $27.8 billion increase over the $220.27 billion load in 2007. That's an increase of 12.4 percent. The private label sector is rapidly growing and expanding international, where market size in Latin America have already started to exponentially expand. Other private and public companies have seen great success, with the sector performing extremely well.

Expert will offer prepaid services, which in recently concluded studies by the US Dept of financial services show a huge opportunity in this sector over the next 5 years. Today, credit cards are responsible for more than $2.5 trillion in transactions a year and are accepted at more than 24 million locations in more than 200 countries and territories. Between 1989 and 2006, the nation's total credit card charges increased from about $69 billion a year to more than $1.8 trillion. It is estimated that there are 10,000 payment card transactions made every second around the world.

By taking the most successful and proven systems and improving them while reducing expenses of traditional retail approach. Expert's foundation will be highly effective, very lean solutions that can dominate the price sensitive prepaid market. Expert will focus on the core of every day need to grow and survive.

Starting with proven successful business models of basic providers at low cost rates and growing rapidly through new organic offerings and strategic domestic and global acquisitions, Expert plans on being the leader in the prepaid place. Expert financial plan shows an over $4 Million Dollar revenue company at the end of 2012 , over $30 Million by 2015, over $300 Million by 2020 and over $1 Billion in year 2025. This growth will be generated by focusing our product brands to targeted market segments, focusing on Joint ventures with our sister companies.

Experts initial offerings will focus on our three growing industries worldwide: Card services, ATM Placements and Lending.

"From our experience and all the data we have seen, the industry is already growing, and is about to start a huge growth trend, with a real focus on exactly what we are doing: assisting people achieve the American dream. Not only is it great for us, it's great for our customers, and great for our investors, building a company during these economic times means the company is founded on lean, strong and efficient foundation, ensuring that our profit margins are higher than our competitors, that our value proposition to our customers is more effective and we grow the fastest," says Robert Rico, founder of Expert Group, Inc.

Our mission is to provide convince and assistance in a cost effective manner that enhances the quality of life for individuals. Expert's goal is to effectively motivate and provide the best package of everyday needed financial services in today's market place. Our initial focus will be to help Americans and international citizens invest or achieve the American dream of home ownership by helping them to find the best loan, prepaid credit cards. Today there is an alarming rate of individuals who have suffer from the economical meltdown in the US and need to restore or built credit.

Expert's strategy is to meet its goals and accomplish its mission is twofold. First to develop, launch and grow internal financial solutions for our clients. Starting with the foundational products offering to organically grow revenues and profits. Second, Expert will acquire companies that will add historical value and recurring revenues.

Expert, by utilizing the VISA platform and all the multimedia it enables, will enable clients to have the option through our website to accesses discounts and rewards as they built or restore their credit standing with the credit bureaus. We will continue to be on the forefront of providing the best financial services to our clients.

Expert Group, Inc.
Expert Group, Inc. d.b.a. Expert Financing, Inc -- EXPU -- is a company committed to your success; a company that provides not just services, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your real estate needs. EXPU is one of the top-ranked Mortgage Banking firms in the industry, specializing in providing financing services for all types of Real Estate related transactions, including but not limited to residential, commercial, refinances, FHA, Jumbo Loans, Fannie Mae, Hotels, lodging, Franchises, SBA Loans, and Reverse mortgages as well as ATM placements.

As a certified correspondent lender and a FHA certified lending institution, EXPU can offer up to date loans to consumers, including Equity Lines, Hard Money, Mezzanine Financing, Debt Financing, conventional, non-conventional, and VA Loans.

Expert Group, Inc markets a variety of financial products and services through Expert Financing & Investments. Expert is rapidly becoming a market leader in the multibillion dollar Florida market. EXPU has built the infrastructure necessary to grow with state-of-the-art Facilities. Today, EXPU serves much realty as their mortgage bankers and has closed 100's of million in loan originations. Visit our website for more information:

Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

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Contact Information

  • Contact:
    Expert Financing, Inc.®
    17501 Biscayne Blvd # 540
    North Miami Beach, FL 33160
    305-949-5626 (O)
    305-949-5628 (F)