|Prado Fin Ltd. and CitiSky Ltd. Financial Networks
Signs Worldwide Joint Venture Agreement With Global FranTech To Market
AHMEDABAD, Gujarat, India. September 15th, 2007 Prado Fin /CitiSky
Financial Networks (PF) (CS), signed an exclusive Joint Venture
agreement with Global FranTech Group and FranTech Asia (FranTech),
of Ahmedabad, Gujarat, India which grants FranTech the right to
market licenses of Prado Fin / CitiSky Financial Networks Services,
banking branch partner programs, with it's GlobalClear Real-Time
Interbank Settlement Systems, GlobalClear banking programs through
FranTech's network of agents in 220 countries to governments and
enterprises around the world.
The company explained that the Prado Fin / CitiSky Financial Networks,
Global Asset Acquisition AG, Global Real-Time Interbank Settlement
System (GlobalClear) a fully integrated multi-currency, automated
rules based financial system GlobalClear an Internet-Enabled Intelligent
Global MTN Payment System with Transaction Security assistance programs
are uniquely suited to meet the needs of emerging growth banks and
companies in most countries. Prado Fin / CitiSky Financial Networks
new "Global Assets Acquisitions AG, Zurich, Switzerland division
GlobalClear Bank Holdings Trust SpA, Rebuplic of San Marino is the
centralized banking, messaging and securities system offered over
the Prado Fin /CitiSky Financial platform. They have been in the
business directly and indirectly developing banking solutions and
services to facilitate worldwide payments, securities, settlement
and "Global Cash Management" by enabling emerging banks
and worldwide growth companies to automatically manage cash, securities,
process payments, process securities, global money card, and make
transfer of the same both domestically and internationally through
its new branch partner program in 220 countries.
Angelino Massimiliani, Managing Director of Prado Fin Ltd. Financial
Networks, said, "We chose FranTech because of their tremendous
geographic reach and proven track record in establishing licensing
agreements in 220 countries. With more than 35 years of experience,
FranTech knows International banking, Grey Screen procedures, trade
policy, law, marketing, investment banking, and technology research.
Its broad expertise, coupled with access to key governmental decision
makers, provides services uniquely valuable to Prado Fin / CitiSky
Financial Networks overseas."
The company explained that FranTech's mission is to foster the
development of the global economy by providing a global perspective
to bankers, developers, marketers, manufacturers and innovators
on newly emerging and preemptive technologies. It offers world-class
solutions for the licensing and transfer of USA and Worldwide innovations
to emerging economies.
Philip Nadeau, CEO of FranTech, said, "We see a tremendous
market worldwide for Prado Fin / CitiSky Financial Network fully
integrated multi-currency, automated rules based financial system
assistance in Global MTN payment systems with Global Asset Acquisition
AG Bank Center Zurich, Switzerland, from their Internet-Enabled
Intelligent programs for emerging countries and companies with it's
branch partner program and FranTech already have interest from several
countries central banks, monetary funds. We plan on developing brand
name recognition and positioning of Prado Fin / CitiSky Financial
Network as Global Asset Acquisitions AG with many governmental agencies,
central banks, monetary funds and private companies where we already
have relationships in place."
About Prado Fin / CitiSky Financial Network,
Prado Fin / CitiSky's GAA Bank Centers client-server and internet
software system automate the process of transferring funds, securities,
documentary credits, financial messages among corporations, banks,
clearing houses, central depositories.
Prado Fin / CitiSky's GAA banking branch partners program with
GlobalClear Bank Holdings Trust SpA is a fully integrated multi-currency,
automated rule-based payments and securities (GESS) system that
operates on Windows,UNIX, and Java client/server technology via
Prado Fin /CitiSky Financial Network. GlobaRIS's true global payment
and securities messaging capabilities support automated Liquidity
Management, Routing Scheduling, Method of MTN Payment Optimization
and straight Through Processing (STP) for: SWIFT, FEDWIRE, DTC,
Cross Border, CREST, EUROCLEAR, ACORN, ClearStream, Central Bank
RTGS and Net Settlement Payments and Securities.
Prado Fin / CitiSky Financial Network is uniquely positioned merger
as Global Asset Acquisitions AG to revolutionize MTN payment and
securities operations address the explosive growth of e-commerce
GlobalClear Bank Holdings Trust SpA through its new Global Asset
Acquisitions AG bank centre, Zurich, Switzerland is the new leader
in financial transactions processing and access to the global financial
networks worldwide needs for Global Asset Acquisitions AG the new
Internet-Enabled Intelligent Banking System for developing nations
economic development with e-commerce as well as the banking business
growth online needs of industrial nations around the world through
it's new Prado Fin / CitiSky's banking branch partner program.
About FranTech Asia International Licensing,
FranTech consists of core partners surrounded by interlocking networks
of consultants and affiliates in key trading countries and disciplines.
They have over thirty-five years of experience with their proven
partners. In addition, FranTech has proven track records in assembling,
negotiating and consummating trade, licensing, technological and
financial agreements; they pool strengths drawn from experience
in international banking, trade policy, law, marketing, investment
banking and technology research. This broad expertise, coupled with
access to key governmental and business decision makers, provides
services uniquely valuable to Prado Fin / CitiSky Financial Network
in the restructuring global economy.
Prado Fin / CitiSky Financial Network is pleased to commence a strong
working relationship with FranTech.
FranTech's mission is to foster the development of the Global Economy
by providing a Global Perspective to bankers, developers, marketers,
manufactures, and innovators of newly emerging and preemptive technologies.
They offer world-class solutions for the licensing and transfer
of USA and Worldwide innovations to emerging economies in 220 countries
worldwide for over thirty-five years.
For information on this exclusive global service and technology
FranTech Asia at +0091-(0)-932-706-7935
Submitted by :
Shanker Damodaran, President,
FranTech Asia, Ltd.,