LOS ANGELES, Sept. 28, 2005 (PRIMEZONE) -- UC Hub Group, Incorporated (www.uchub.net), a publicly-traded company quoted on the OTC Bulletin Board (OTCBB:UCHB), is pleased to announce that eSAFE, Inc. has signed multi-year contracts from various retail outlets totaling $3.2 Million for merchant processing. This continued sales and marketing effort will now begin to enhance the growth of this exciting division.
eSAFE continues to add customers to its merchant processing portfolio and its card issuing portfolio. eSAFE's President, Alice Kong, states "The company should exhibit an impressive multiple in this financial services division that historically enjoys high multiples in return. eSAFE is continuing to gain a strong foothold in the marketplace as an end to end solutions provider of customized programs both on the acquisition of new merchant accounts and as a private label platform on the issuance of co-branded prepaid bank cards."
As the parent company continues to reduce overhead and increases cash infusion through strategic moves, it plans on a concentrated focus with sales and marketing with eSAFE cards and eSAFE processing. The coming months will begin to clearly define this exciting vertical of virtual banking both domestically and internationally.
About UC Hub:
UC Hub Group, Inc. (OTCBB:UCHB) is a digital distributor of electronic services to businesses and municipalities. Presently, UC Hub Group offers municipal government software (OT2.com); communication services (allcomusa.com) that include online billing, Wi-Fi, VoIP, long distance and phone systems; membership loyalty cards, debit cards and financial services through eSAFE, Inc (esafecards.com) to "Digital Cities". The value consists of proprietary technology, strategic relationships, leveraged digital distribution capability, existing customers, and a one-stop-shop to run a "Digital City" and its transactional based electronic services. A "Digital City" will potentially have many of the important sectors (the neural network comprised of Banking, Government, Communications, Health, Education and Entertainment,) available for connection to a Digital Access Hub in 2005 for its member base.
http://www.esafecards.com http://www.uchub.net http://www.OT2.com http://www.allcomusa.com
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to implement eSAFE on a national scale, the future market price of UCHB common stock and UC Hub's ability to obtain the necessary financing.