Prado Fin Ltd and CitiSky Ltd Financial Networks Signs Worldwide Joint Venture Agreement With Global FranTech To Market Licenses

Released on: September 17, 2007, 4:45 am

Press Release Author: Shanker Damodaran

Industry: Financial

Press Release Summary: 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.

Press Release Body: 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 contact
FranTech Asia at +0091-(0)-932-706-7935

Submitted by:
Shanker Damodaran, President,
FranTech Asia, Ltd.,
Ahmedabad, India

Contact:
President@FranTechAsia.com

www.FranTechAsia.com

Web Site: http://www.FranTechAsia.com

Contact Details: Damodaran Shanker
FranTech Asia
Ph: +0091-(0)-932-706-7935
President@FranTechAsia.com
www.FranTechAsia.com

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