SOURCE: WMD Holdings Group, Inc.

April 18, 2007 10:45 ET

WMD Holdings Announces Acquisition of Payday Advance Plus, an Online Micro Loan Company

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- April 18, 2007 -- WMD Holdings Group Inc. (PINKSHEETS: WMDH) today announced the acquisition of Payday Advance Plus Inc., an online payday advance company servicing 34 states across the country. The acquisition establishes a significant online distribution channel for WMD Holdings to provide short-term cash advances to its customers.

Payday Advance Plus has emerged as a well established market leader in the online cash advance business serving its customers since 2003.

"We are servicing a need in the online space to customers who want the anonymity that comes with borrowing while also offering other financial solutions to accommodate the needs of our customers. An online presence expands our product offerings and scope," stated Lawson Pillay, Chief Executive Officer of WMD Holdings Group Inc.

The acquisition compliments multiple financial offerings available at WMD Holdings retail financial centers in Southern California and Nevada. These services include money transfer services, bill payment, money order, emergency cash services, payroll check cashing services, shipping and debit card solutions.

"The addition of Payday Advance Plus to our portfolio of companies furthers WMD Holdings Group's strategy, to provide complimentary financial services from a single source location, be it a brick and mortar service or an online solution," said Harold Balkowski, WMD Holdings CFO. He added further, "Payday Advance Plus provides an exciting platform for revenue growth enhancing the offerings of our payroll card program. We are now able to fund our clients via not only EFT, ACH, direct deposit, but also debit cards, which provides the ability for repayments directly from the debit card."

About WMD Holdings Group, Inc.

WMD Holdings Group, Inc. (PINKSHEETS: WMDH) and its strategic partner companies develop turnkey solutions for financial and payment processing, prepaid services, telecommunications and interactive broadcasting networks. Distribution is conducted through a combination of company-owned and operated locations and other independent sales organizations.

The new management team reflects a balance between decades of expertise, experience, business skills and strategic planning in the financial, telecommunications, technology and advertising industries. The diverse portfolio of people and products poises WMD Holdings for a successful future in multiple sectors.

The new management's allegiance to its shareholders is reflected by their actions taken during their brief tenure. To date the group's restructuring and focus on new markets has resulted in creating a debt-free company, with increased profitability on a quarterly basis. The result has been the growth of shareholder value as never experienced previously.

Management will continue to focus on profits, by a combination of further restructuring, the opening of newer markets and a series of synergistic mergers and acquisitions.

Company Details

Ticker Symbol: WMDH

Exchange: Pinksheets

17011 Beach Blvd.
Suite 530
Huntington Beach, CA 92647


Fiscal Year End: December 31

Outstanding Shares: 65,350,000 as of 2007-03-06

Estimated Market Cap: 5.228M as of 2007-04-16 (based on Outstanding Shares as of 2007-03-06)

Authorized Shares: 500,000,000 as of 2005-01-07

Affiliated Companies

BanXcard -

In addition to the offerings at retail financial centers, WMD Holding's affiliated company, BanXcard, offers a payroll solution to businesses and payroll processors via the BanX payroll card platform.

The cards feature the MAESTRO® logo, accepted at millions of merchants and ATMs worldwide. The payroll cards are reloadable and employees are able to enroll in a rewards program allocating portions of their rewards towards debt repayment or savings. For employers and payroll processors, the payroll solution provides practical time savings for employers and employees alike, allowing the immediate addition of funds to the payroll cards electronically via the BanX payroll platform and access to funds more readily.


NAVITOUCH™ is the division of WMD Holdings Group, Inc. that developed, copyrighted and trademarked a radically innovative Interactive Broadcast Network™ system or IBN system. The network system allows immediate, worldwide broadcasting of interactive content and advertising to one, 100, or 100,000 touch screen monitors from 10" to 42".

Safe Harbor Statement

The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.

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