IRVINE, Calif., April 24, 2014 /PRNewswire/ -- Lucrazon, the nations fastest-growing integrated Ecommerce System that assists in starting online businesses, announced Hector V. Barreto, former U.S. Small Business Administrator and Chairman of The Latino Coalition as the new President of the Internet Payment Service Provider company. The announcement was made in the presence of more than 2,000 entrepreneurs at the Los Angeles, California 2014 Lucrazon Global Convention, which featured presentations by Former Secretary of the U.S. Department of Commerce, Carlos Gutierrez, Former Governor Mitt Romney and the Former President of Mexico Vicente Fox.

"There is no one better who understands the intersection of technology and small business as does Hector Barreto," said Alex Pitt, Lucrazon Founder and CEO. "We are fortunate to have an internationally respected leader with entrepreneurial vision and an outstanding record of service in government and the public sector to lead Lucrazon's planned expansion."

Barreto is a nationally recognized businessman and community leader. He currently serves as the Chairman of The Latino Coalition, one of the largest membership and advocacy organizations for Latino-owned, small businesses and also served five years as the Administrator of the U.S. Small Business Administration. As SBA Administrator, Barreto directed the delivery of financial and business development programs to America's entrepreneurs from a portfolio of direct, guaranteed and disaster loans totaling more than $60 billion.

Barreto will continue to serve as Chairman of The Latino Coalition and as a member of the national board of the U.S. Chamber of Commerce while serving on Lucrazon's executive team. He has also been inducted into the Minority Business Hall of Fame, served as a Commissioner on the California Commission for Economic Development and is the Founder of Business Matchmaking, the nations leading non-profit small business procurement program.

"It is a great privilege to be named the President of Lucrazon, a company that has truly revolutionized the business world through technology. I have been around small business my entire life and the Lucrazon business model is an effective and exciting opportunity that puts the power in the hands of the entrepreneur. Alex Pitt has unparalleled experience in Ecommerce platforms and has done a phenomenal job launching this unique global company that will empower small businesses to reach the next level of their success. This integrated Ecommerce System contains a Website & Shopping Cart, Merchant Account, Marketing, Product Inventory and much more. I look forward to joining this great team of leaders and entrepreneurs," Barreto said.

ABOUT LUCRAZON- Lucrazon is an Internet Payment Service Provider (IPSP), PCI DSS Level 1, that offers multi-functionality web site with integrated Shopping Cart, Product Inventory, and access to Suppliers, Drop Shippers as well as a Payment Gateway with real time Merchant Account activation.  Lucrazon is a registered Visa and MasterCard Merchant Service Provider. Visit www.lucrazon.com.

ABOUT LUCRAZON GLOBAL- Lucrazon Global is designed for highly motivated individuals with an interest to become business owners specializing in the world of Ecommerce and Merchant Services.  Visit www.lucrazonglobal.com.

SOURCE Lucrazon