SOURCE: JMI Telecom Corporation

March 18, 2008 09:25 ET

JMI Telecom (JMIT) Signs Agreement With MoneyGram

CHARLOTTE, NC--(Marketwire - March 18, 2008) - JMI Telecom Corp. (PINKSHEETS: JMIT), a next-generation telecommunication products and services company, today announced it has signed an agreement with MoneyGram. The alliance allows JMI Telecom's consumers to conveniently pay their invoices by using MoneyGram's ExpressPayment® bill payment services at thousands of locations nationwide, including Wal-Mart stores.

Kyle Freeman, President and CEO for JMI Telecom Corp., stated, "This is a prime benefit for JMI Telecom consumers. It empowers them with state-of-the-art services and keeps us competitive in today's fast-growing technology environment."

About JMI Telecom Corp.

JMI Telecom Corp. provides a variety of telecommunication services to both Commercial and Residential customers. They offer solutions to the end user by providing excellent customer service and competitive prices. For more information call 1-800-533-6131 or visit

About MoneyGram

MoneyGram's beginnings date back to 1940, when a small money order company under the name Travelers Express opened up in Minneapolis, Minn. Since then, Travelers Express has become MoneyGram International, and has grown to offer a variety of payment and financial services including money transfer services at 143,000 agent locations worldwide. For more information visit

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and! uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.

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