FULLERTON, CA--(Marketwire - 09/14/09) - GT Legend Automotive Holdings Inc. (Pinksheets:GTLA - News) announced recently that a Binding Letter of Intent had been signed to acquire Sovereign Transfer Services Corp. GT Legend now announces that Sovereign Transfer Services Corp., trading as Sovereign Card Services, is forming a joint venture with Greenlink Interactive, to develop PODS (point of decision systems) that will allow the sender and recipient to see each other "LIVE" during the banking transaction. These PODS will be deployed in high traffic retail locations such as grocery stores, malls, mini-marts and major retail stores worldwide.
Sir Michael Burton-Prateley, CEO and President of Sovereign, remarked, "We are delighted to be partnered with Greenlink to bring an important service to those who are currently disadvantaged through lack of access to safe, reliable and inexpensive cash management services. In addition we believe that in pioneering deployment of reverse ATM equipped PODS, we can empower individuals to take complete control of their banking activities -- depositing, withdrawing and transferring funds and paying bill at the POD, in real time and at very attractive charges. There are over 40 million Americans who do not currently have bank accounts -- we will offer a compelling 'banking system' to these valuable individuals and provide a low cost platform for US-based individuals to support their families and dependents anywhere in the world."
Jim Wheeler, CEO of Greenlink Interactive, commented, "I am excited about the future and the ability Greenlink Interactive and Sovereign will have to reconnect families throughout the world."
About GT Legend Automotive Holdings Inc.:
GT Legend Automotive Holdings, Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. GTLA is in the process of acquiring Sovereign Transfer Services Corp., trading as Sovereign Card Services. Sovereign Card Services provides both VISA and MasterCard, secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer or money order. For more information, visit www.sovereigncardservices.com.
About Greenlink Interactive:
Based in Corona, California, Greenlink Interactive is a technology-driven service company that has developed new hardware, software and methodologies to better serve customers in a number of venues. Based upon proven technology, science, engineering, product design, and products that have been successfully developed over the past decade. For more information, please visit our website at www.greenlinkinteractive.com, or contact our Investor Relations Department at 1-888-548-3002.
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