PANAMA CITY, Oct. 8 /PRNewswire-FirstCall/ -- Competitive Games International (Pink Sheets: CGMI), a new player in the growing Casual Games market, today announced that the Company has added an industry leading online payment service, UseMyBank. UseMyBank will be utilized to process membership fees for Competitive Games' members.
UseMyBank provides a secure online instant payment method using the buyers' financial institution of choice. The Company's Automated Online Payment Interface provides buyers with the ability to make payments at their own financial institutions supported Internet site. UseMyBank's Automated Clearing and Settlement system for Sellers and Affiliates allows wire transfers, electronic check issuances, and several other payment methods used for transactions. Easy to use summary and detailed reporting and management tools are also provided. UseMyBank has partnered with financial institutions in the United States and Canada.
Julio Collado, chief executive officer of Competitive Games International, stated, "It is the goal of Competitive Games to provide our customers and affiliates with the most efficient and secure payment methods available to the market. By partnering with UseMyBank, a leader in the online payment industry with global services, we believe Competitive Games is positioning the Company to provide leading payment options for all of our customers. It is our intention to add several payment options for our affiliates and customers in order to support their varied needs and requirements, especially as our business grows. Because the casual games market is so broad, our customers have varying payment needs and by adding several payment options, we will be able to support a greater number of potential customers."
About UseMyBank.com:
UseMyBank is an innovative company focused on providing an alternative to the existing payment processing market place. This is done by simplifying and streamlining the clients ability to pay for goods and services over the Internet using their existing Financial Services provider. While UseMyBank as an enterprise is new, the senior management team has over 50 years' of successful experience implementing Financial Services applications, solutions, and payments systems. For Buyers, UseMyBank accepts direct payments with your Online Internet Bank access to the Bank of Montreal, CIBC, Desjardins, Royal Bank, ScotiaBank, and TD Canada Trust.
About Competitive Games:
Competitive Games International (CGI) is a new and innovative Skill Games (or Casual Games) Company that uses a strategic Affiliate Marketing program- Multi Tiered Affiliate Marketing (TM) (MTAM)-to encourage both game play and the distribution of CGI products and services. CGI provides a unique web- based Skill Games arena that allows members and players alike to play games for fun or for money against other members. The MTAM system allows individual members to market CGI products and services to others and subsequently earn revenues by way of a revolutionary compensation structure. Revenues for the company are generated from the retail sale of CGI products and services, Skill Game play, advertising and future licensing agreements.
For more information about CGMI visit http://www.cgmi-competitivegames.com/.
Forward-Looking Statements
This press release contains certain statements which are not historical or current fact and constitute forward-looking statements within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms may, will, potential, opportunity, belies, belier, expects, intends, estimates, anticipates or plans to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings. Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward- looking statements.
For More Information Contact:
Investor Contact:
Bethany Tomich
Equity Performance Group
W: 617-666-3705
bethany@equityperfgp.com
http://www.equityperformancegroup.com/
Corporate Offices:
World Trade Center, 1 - Commercial Area 53 Marbella Street
Panama, Republic of Panama
http://www.cgmi-competitivegames.com/
Competitive Games International
