NGS acquires Coconotgold! Yes, it's true!
X-Sender: support@localhost Date: Wed, 31 Oct 2001 08:34:56 -0500 To: [EMAIL PROTECTED] From: GoldMoney Lists <[EMAIL PROTECTED]> Subject: [GoldMoney News] Press Release - Net-Gold Services Ltd. Establishes Cambio Services For GoldMoney Net-Gold Services Ltd. Establishes Cambio Services For GoldMoney Announces Acquisition of Coconutgold.com & Appointment of Charles Evans as President 31 October 2001 - Net-Gold Services Ltd. has today announced the establishment of its cambio services. These new services will concentrate on the exchange of GoldGrams and US Dollars. Net-Gold intends to focus on large, wholesale transactions in order to provide market-making facilities for other cambios, and it will establish relationships principally with those companies that are members of the e-Currency Trade Association. Net-Gold Services is a subsidiary of G.M. Network Ltd., the company that developed GoldMoney. "We believe that these new cambio services provided by Net-Gold are a necessary and useful development because they will make available more opportunities to exchange US Dollars for GoldGrams", said James Turk, Managing Director for GoldMoney. Net-Gold Services Ltd. was established in 1999 in order to provide services to users of GoldMoney. It initially established an online gold accumulation plan, details of which are available at www.netgoldplan.com. By focusing on cambios that are members of the e-Currency Trade Association, Net-Gold intends to undertake transactions with established firms already active in e-currency market-making. Net-Gold has also announced today that it has acquired Coconutgold, a leading e-currency market maker and one of the early pioneers in facilitating digital gold currency exchanges. This acquisition will enable Net-Gold Services to build its cambio services upon an existing and well-established business. Concurrent with the launch of its cambio and the acquisition of Coconutgold, Net-Gold Services is pleased to announce the appointment of Charles Evans as President with full day-to-day responsibilities for the business development and management of Net-Gold. "Charles is well known within the growing gold economy, and he brings with him considerable skills and experience," said James Turk in making this announcement. "We are very fortunate to have someone with the qualifications of Charles Evans joining Net-Gold." For nearly two years, Coconutgold.com has fulfilled a crucial role as an ad-hoc commercial banker, trader, wholesaler and credit agency for retail-level digital gold currency exchange operators. "The original plan for Coconutgold.com was to use the reputation capital and liquidity of ISL to create a relevant, strong DGC wholesaler with an immaculate reputation, and at a suitable stage sell it to the appropriate party. Thus ISL is divested of a non-core entity; Coconutgold.com is doubled in power and relevancy by coupling with NGS's breakthrough GoldMoney plans; and the digital gold currency scene is now overall better-served by Coconut, which will now be a completely focused entity," says ISL's JP May. "Charles Evans, one of the men who created DGCs as we know them, is the perfect unique fit to take over Coconutgold.com, as DGC wholesaling enters Stage Two...", JP May added. Incorporated in the Bahamas, Net-Gold Services will operate online initially through the www.Coconutgold.com site, but eventually plans to develop an additional online presence through another site at DGCX.net. * * * * * * * * * * * * * * * * * * * GoldMoney� is the inventor of digital gold currency, a groundbreaking achievement that is advancing global ecommerce. GoldMoney is an online payment system that combines the world's oldest money, gold, with Internet technology to provide a safe, easy and inexpensive way for anyone to transact business 24 hours a day. Payments are made electronically using GoldGrams�, which are grams of gold that circulate world-wide through the Internet. By combining gold and Internet technology to produce "A Solid Currency for Global Commerce"�, GoldMoney brings a new proficiency to the way payments are made, offering users peace of mind, ease of use and control of costs. For more information about GoldMoney, contact: James Turk Managing Director, GoldMoney [EMAIL PROTECTED] Coconutgold.com was created and launched early 2000 by Interesting Software Ltd (ISL), British West Indies. Coconutgold is widely recognised as the most active, reliable and independent digital gold currency wholesale service. For more information about Net-Gold Services and Coconutgold, contact: Charles Evans President, Net-Gold Services Ltd. [EMAIL PROTECTED] _____________________________________________________________________ GoldMoney News List subscribe/unsubscribe instructions: To join this list send an email to: [EMAIL PROTECTED] To leave this list send an email to: [EMAIL PROTECTED] For list support send an email to: [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
