MonoBank PLC announces Mono One consumer products program

London, United Kingdom - (For immediate release) - October 27th, 2006 4:00 PM

MonoBank PLC , a company specializing in offering prepaid debit solutions to the credit cahllenged consumer market, announces the Mono One consumer products program.  The Mono One Prepaid Credit Card Program will allow our customers’ the ability to use their MonoBank Prepaid Credit card to pay bills, top-up their prepaid cellular phones, transfer money, make long distance calls – all with just a phone call. The convenience that this will offer our prepaid credit card holders is unprecedented in the stored value card industry.  The Mono One program allows sub-prime clients to have access to a unique, innovative and fully integrated services platform which is currently not available to the credit challenged market.

Our new MonoBank PLC one card program will be available to the credit challenged throughout the world. In the USA alone there are over 50 million Americans that don’t have access to credit and banking facilities.

The Mono One Prepaid Credit Card Program, when fully integrated, will provide Mono Bank clients with the following services with just a phone call;

Mono One Prepaid Credit Card – With the Mono One Prepaid Credit Card clients can shop online, pay bills, purchase good and services anywhere a credit card is accepted, rent a car or book a hotel and withdraw cash at over 900,000 ATMs worldwide.

Mono One Money Transfer - The Mono One Money Transfer Program is a quick, inexpensive and safe way to send money any time of the day or night to over 145 countries. Funds can be sent to an individual within minutes using our unique two card prepaid credit card program. Not only is Mono One money transfer service easy to use, it's a great value!  

Mono One Wireless Refills – The Mono One Wireless Refills allows our clients to refill their prepaid cellular accounts using our platform, without having to purchase wireless refills at their local convenience stores.    

Mono One Calling Card platform – The Mono One Calling Card plans allow our clients to take advantage of competitive global calling rates using the same platform as the prepaid credit cards.  Clients need only remember one number for all their financial and telecommunication needs - the Mono One customer support hotline.

About MonoBank PLC
MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBankPLC, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:
This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. "Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:
MonoBank PLC.
Investor Relations Department
+ 44 20 70 433710

Copyright © 2006 MonoBank PLC. All rights reserved.