GT Legend Automotive Announces Strategic Initiative Into the US and International Multi-Level Marketing Payment Systems Market
23 9월 2009 - 9:00PM
Marketwired
GT Legend Automotive Holdings, Inc. (PINKSHEETS: GTLA) announced
recently that a Binding Letter of Intent had been signed to acquire
Sovereign Transfer Services Corp. GTLA now announces the
appointment of David Rayburn as Executive Vice President - MLM
Payment Systems to drive the Company's expansion in the MLM market
worldwide.
Sir Michael Burton-Prateley, Executive Chairman of Sovereign,
remarked, "After an extended evaluation of this huge global market
and preliminary market testing, we are delighted to announce David
Rayburn's appointment as Executive Vice President - MLM Payment
Systems. He joins our team with substantial experience in the MLM
market, having been involved with a number of very substantial MLM
businesses from their inception. He has built substantial personal
'down-lines,' yielding significant financial rewards.
The Direct Selling Association reported that in 2007, US direct
sales were $30.8 Billion and the US direct sales force numbered 15
Million people. Similarly the Association reported 2007 Global
direct sales of US$114 Billion, by 62.7 Million sales staff. We
believe that in times of economic hardship and adversity, the
growth of direct, relationship-based selling will be greater than
any other, as consumers make purchasing decisions based upon
personal recommendations of trusted friends and contacts. Since
this market is poorly served by Payment Systems providers, we
anticipate major potential for our growth and through David's
relationships and experience, we will realize considerable
benefit."
Mr. Rayburn commented, "I am delighted to be working with the
Sovereign Card Services team. Low-cost, reliable, multinational
payment systems are a relatively new phenomenon in the MLM market
and have a substantial role to play in the recruitment and
management of high yielding 'down-lines' which are the life-blood
of MLM businesses the world over. We have a lot to achieve."
About GT Legend Automotive Holdings, Inc.
GT Legend Automotive Holdings, Inc. is a Nevada corporation
developed to meet the growing needs of the ever-changing automobile
after market and to introduce a patent pending "Green Energy"
conversion for cars and trucks that is expected to increase mileage
while adding horsepower and reducing emissions. GTLA is in the
process of acquiring Sovereign Transfer Services Corp., trading as
Sovereign Card Services. Sovereign Card Services provides both Visa
and MasterCard, secure, full service debit cards, providing
cardholders with ready access to cash at millions of ATMs worldwide
and which enable cardholders to conveniently pay for purchases at
retailers everywhere. In addition Sovereign cards provide secure,
low cost, convenient transfer of funds to relatives and loved ones
through Sovereign's "Companion Card" program. Sovereign Debit Cards
are easy to load, whether by cash, direct deposit, wire transfer or
money order. For more information, visit
www.sovereigncardservices.com.
Investor Contact: Tom Parilla Parilla Investment Group
814.824.4326
GT Legend Automotive (CE) (USOTC:GTLA)
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GT Legend Automotive (CE) (USOTC:GTLA)
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