Hello Patricia,
Please look above in an earlier post that is links only to the San Diego Better Business Bureau. 7 of them. I am showing these and the BBB doesn't accuse they only report.
I do hope that all this will clear up and I wish for much success for anyone. Just not at someone else's expense.
I'm not telling anyone not to join or to join. I am finding answers so people can make an informed decision.
GreenZap is listed on the stock exchange.
http://finance.yahoo.com/q?s=GZPN.PK&d=t
Here is a press release that made it to Yahoo Finance:
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Note: Linda Murphy, Contact for GZ was also PR person with WD in Mazumah, the company that 'gave' the accounts to GZ.
Can you give yourself something you already have?
And look who wrote the press release.
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Press Release Source: GreenZap, Inc.
GreenZap Acquires Over 250,000 Account Holders from Industry Competitor
Monday December 19, 9:30 am ET
SAN DIEGO--(BUSINESS WIRE)--Dec. 19, 2005--GreenZap, Inc. (Pink Sheets:GZPN - News), a provider of secure online payment services, announced today that it has acquired over 250,000 account holders previously serviced by Mazumah, Inc., an online transaction competitor. Mazumah assigned the rights to its database of individual account holders after adjusting its business model in early 2005 from individual online account transactions to private label payroll applications for businesses.
According to Mazumah's spokesperson Kim Seal, "We are happy that GreenZap will be servicing our customers. We have explored other options, but found GreenZap to have superior account options and customer service." GreenZap plans to slowly integrate the new users communicating with them via a series of introductory emails. "Our goal is to smoothly transition the new account holders over to GreenZap, without any account down time. All users will be issued a free GreenZap account with their current Mazumah account balance transferred automatically," said GreenZap COO Michael Bernstein.
The acquisition of the Mazumah database brings GreenZap's membership to over 650,000 registered users since opening in June 2005. On average, GreenZap receives more than 800 new account sign-ups each day and has been averaging monthly revenue of just over 25 cents per member.
About GreenZap, Inc.
GreenZap Inc, a San Diego, California based company enables any business or individual with an email address to send and receive money securely and cost-effectively online. GreenZap is building its network on the existing infrastructure of bank accounts and credit cards to create a global payment system. GreenZap's system resembles PayPal® (eBay's payment processor), except that it charges a flat fee versus a percentage of each transaction, and rewards its members for using GreenZap's services. WebCash, GreenZap's rewards dollar, is an electronic currency that can be spent at partnering merchants and can be used to pay GreenZap transaction fees. Since opening on June 1, 2005, GreenZap has found itself in the top 1% of websites in the world, beating out online payment competitors such as moneygram.com, firstdata.com, and Western Union's Moneyzap.com.
For more information, please visit www.greenzap.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.
Contact:
GreenZap, Inc.
Linda Murphy, 858-812-3050
linda@greenzap.com
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Source: GreenZap, Inc.
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