NBDR No Borders Inc (CE)

InfoSpan's Technology Centers to Allow Rapid Access to New Customers and Streamline No Borders Operations No Borders, Inc., a Nevada Corporation (OTCBB:NBDR), announced today the signing of a stock purchase and alliance agreement with InfoSpan, Inc., a private California Corporation in the business of building and operating technology and customer contact centers around the world. The agreement, recognizing the synergy between the operations of InfoSpan and No Borders, gives No Borders the immediate opportunity to further enhance its proprietary stored value card platform ("SVCP"), adding full processing capacity and a significant additional source of revenue from transactions generated from stored value cards, wherever issued, as well as the unique opportunity to add a vast new international customer base of stored value cardholders. The agreement gives No Borders an interest in the InfoSpan operating companies in Mexico and Pakistan and gives InfoSpan an equity position in No Borders. The overall agreement also gives No Borders interests in additional entities intended to be formed together with InfoSpan in other countries and regions of the world, with an immediate emphasis on the Persian Gulf. Each of these new entities will deploy InfoSpan's technology platform for customer contact centers, software development and training institutes along with the No Borders SVCP. The InfoSpan technology platform will allow No Borders to implement its SVCP more quickly and easily in these new markets. This strategic agreement will position No Borders and InfoSpan to directly service the two largest remittance sending regions of the world (the United States and the Persian Gulf) as well as the two largest remittances receiving areas of the world (Mexico/Latin America and Pakistan/South Asia). The vast immigrant workforces in markets like Pakistan, Mexico and other markets in the Middle East and around the world will provide immediate access to customers for the No Borders SVCP and a ready-made base of workers for the InfoSpan technology and outsourcing business. The agreement also calls for InfoSpan to assist with management of No Borders where agreed upon, particularly in the technology area. RM Rosenfeld, acting CEO of No Borders, in discussing this agreement with InfoSpan said, "The joint forces of InfoSpan and No Borders will greatly enhance No Borders' ability to accelerate its business plan for the U.S. - Mexico corridor as well as open up the ability to enhance No Borders near term revenue potential with the previously unplanned U.S. - Pakistan corridor for foreign remittance and stored value card transaction fees. We are looking forward to a long and successful relationship with InfoSpan in Pakistan, Mexico and many other markets around the world." Farooq Bajwa, InfoSpan's Chairman and CEO, stated, "InfoSpan and No Borders will together be able to create, in a very short period of time, a global network of customers who are offered foreign remittance and other financial services through stored value card products. InfoSpan's technology platform and customer contact centers and the stored value card platform are integral parts of our strategy to create customer-centric outsourcing operations and financial products and services which will help to create jobs and provide financial services to the millions of unbanked people across the globe." For further information, contact Jim Hock, No Borders' Shareholder Relations Department at 1-866-337-8725. About InfoSpan InfoSpan, Inc., headquartered in Irvine, California, is a global leader in providing outsourced tech support, customer care and other business process outsourcing ("BPO") solutions, training services and software development to its customers. InfoSpan combines its technology platform along with solid execution solutions and expertise to successfully deliver BPO solutions to customers in various locations throughout the world. InfoSpan serves customers who lead their industries in communications, financial services, consumer products and technology. About No Borders No Borders (www.no-borders.com) helps immigrant workers make the most of their U.S. experience, while making it easier to provide for and stay connected with families in their home countries. By addressing demands for less expensive remittance and international long distance phone service, as well as greater access to banking, healthcare, travel, and other services, No Borders is reaching an enormous, fast-growing market that has until now been unjustly underserved. No Borders Stored-Value Cards can be reloaded and used for cash withdrawals and purchases at any authorized No Borders location, and can also be used as a Payroll Card to receive Payroll Direct Deposit. Funds from stored-value (closed system) cards can be transferred in real time to bank-issued debit (open system) cards, which can be used for ATM withdrawals, signature-based purchases, and card-not-present transactions. No Borders is currently operating pilot programs with transnationals from Mexico, El Salvador, and Ecuador, and expects to follow quickly with programs for other South/Central American, Asian, Caribbean, and East African immigrants and their families. Notice Regarding Forward-Looking Statements This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.