February 14th, 2008- MonoBank PLC acquires assets of Detect ID Theft
MonoBank PLC, is pleased to announce the acquisition of 100 % of the oustanding shares of Detect ID Theft Inc. Read more

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MonoBank PLC, is pleased to announce we have signed a definitive LOI to acquire Detect ID Theft Inc. Read more

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MonoBank PLC is pleased to announce that the company has obtained our ticker symbol from the FWB (Frankfurter Wertpapierborse) or Frankfurt Stock Exchange. Read more

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MonoBank PLC, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, announced today that it is exploring the possibility of listing its common shares on the Frankfurt Stock Exchange (FWB). Read more

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MonoBank PLC, a company specializing in offering prepaid debit solutions to the credit challenged 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 Mono Bank Prepaid Credit card to pay bills, top-up their prepaid cellular phones, transfer money, make long distance calls – all with just a phone call. Read more


MonoBank PLC acquires assets of Detect ID Theft Inc.

London, United Kingdom - (For immediate release) - February 14th, 2008 6:00 PM BST

MonoBank PLC, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, is pleased to announce the acquisition of 100% of the outstanding shares of Detect ID Theft Inc. The all stock transaction will be valued at approximately € 10,333,800.00 (euro dollars) based on current market value for Monobank shares trading on the Frankfurt Stock Exchange.  Detect ID Theft Inc., specializes in providing software solutions to protect against the theft of a person’s identity.  Identity theft is the fastest growing crime in America; 9.9 million victims were reported in 2006, according to a Federal Trade Commission survey. Identity theft can mean years of ruined credit, enormous losses of property, and even a person’s arrest for crimes committed by a thief in your name. 

Monobank PLC management believes this acquisition will complement the current company products and will form an integral component for the MonoBank solutions for the credit challenged.  This acquisition will benefit MonoBank shareholders by creating additional shareholder value and provide a valuable asset for the company.  Detect ID Theft shareholders will be provided with the liquidity of the public markets and become part of a larger public company with a global presence and financial strength. 

 

About Detect ID Theft Inc.

Detect ID Theft Inc., a US company incorporated in the State of Delaware in May of 2006, utilizes a patent pending web based technology that searches thousands of public and private electronic databases and proactively detects potential security breaches and the use of a person’s personal information.  If the person’s information is found in a suspicious place the system pulls the suspect information behind the firewall, reviews it, instantly notifies them of a problem, and immediately provides automatic recovery options. The technology is the only truly proactive identity theft prevention, protection, and recovery tool available.


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 MonoBank PLC, 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 (0) 20 7043 3710

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