TransferOrbit Introduces $6.00 Money Transfer at the Promociones Valdivia Events Throughout California
ST. LOUIS--(BUSINESS WIRE)--TransferOrbit Corporation (OTC:TRBI) (www.transferorbit.biz) - Starting August 22, in Vallejo, CA, the TU-DNRO booths Powered by TransferOrbit will be offering ultra-low $6.00 money transfers to Mexico. The $6.00 transfer fee is extremely attractive to the Mexican consumers and will become the standard in the business. “We are focused on increasing the purchasing-power of the customers. In some instances, our transfer fee will be up to 60% less than our competitors’ rates,” said Jorge Toro, President & CEO of TransferOrbit. “Ty Cobb used to say, ‘Just hit them where they ain't,’ for TransferOrbit and its money transfer partners that means offering services directly where the customer is and with exclusivity on the dances. Only TransferOrbit money transfer partners will be there, no competition on the price or the people on attendance.”
The dances and concerts hosted by partners of TU-DNRO showcase artists from Mexico and are tailored to a nearly 100% Mexican crowd. This “captive audience” of 1,000 – 30,000 will spend almost 7 hours at a show. It would take months for the traditional money transfer retailer to see that kind of traffic enter their stores. Promotion and advertising costs for these events is in the hundreds of thousands of dollars per event depending on the size of the venue. TransferOrbit’s brand will be advertised in conjunction with the promotion of these shows. The monetary value of this exposure runs into the hundreds of millions of dollars and will turn TransferOrbit into a Mexican household name virtually overnight. TransferOrbit will also enjoy exclusive rights to the TU-DNRO events and will be the only money transfer processor on site. "Wake up and smell the refried beans," said Mr. Juan Navarrete, President of TU-DNRO, Inc., who added, “We are about to change the money transfer industry for ever.”
The TU-DNRO Network provides their distributors (Dance-Concert Promoters, Flea Market Vendors, Catering Truck Vendors, Mom & pop Mexican Stores and others), with a comprehensive package of products, services, and tools to manage and grow a portfolio of prepaid distribution. Their Mexican-Latino business provides the backbone network to offer a wide range of prepaid products including wireless e-pins, long distance, stored value, prepaid debit/credit, bill payment, money transfers and other products, all running in virtually every POS terminal in the field. They work in conjunction with Ad-Promo-Mex-Tel, which has been promoting Mexican Dances, Concerts and other venues pertaining to Mexican history in California, Illinois, Texas and others, for more than 75 years combined. Their Market is the Mexican National living in the U.S.A. who sends $22 billion every year, and spend over $600 billion in the United States. They have over 800 strategic pre-paid ticket centers in California, Nevada, Texas and Arizona that sell the Dance-Concert tickets, and can convert them easily into P.O.S's and/or Kiosk Centers. In addition, TU-DNRO Inc. also has agreements with Lunch Truck Owners/Operators that can distribute and sell their products all over the Country.
For more information regarding TU-DNRO Inc., and Ad-Promo-Mex-Tel Inc., please visit: www.tu-dnro.net & www.adpromomextel.com.
TransferOrbit, a Florida Corporation, is an electronic intermediary for money transfer providers. Banks and non-banks use the Company's scalable, turnkey system of proprietary software and secure network processing to facilitate the person-to-person transfer of money on a "private label basis" throughout Latin America. Providers piggyback on the Company's established network in the United States and 17,000 transfer agents in countries throughout Latin America.
FORWARD-LOOKING STATEMENTS:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will inform the public in a timely and appropriate manner.
