LOS ANGELES, Jan. 10, 2013 /PRNewswire/ -- The Wiki Group, Inc. (OTCQB: TWGI) ("Wiki Group", or "the Company") is pleased to announce that Peter M. Vita has been named President of Worldwide Sales.
Edward DeFeudis, CEO of The Wiki Group stated, "Mr. Vita is a gifted operator with valuable relationships in the under-banked and unbanked communities, and has sold products worth over $1 billion to this market. The company aims to leverage his expertise to roll out our products and acquire customers to generate revenue in our target market."
Mr. Vita was a founding principal, the second largest shareholder and served as President of PT-1 Communications, Inc. ("PT-1"), a New York-based telecommunications carrier that, prior to its sale, was the largest phone card provider in the United Sates with over 70% market share and over $500 million in annual sales.
Mr. Vita stated, "I am excited to work with The Wiki Group team and look forward delivering the Wiki suite of products to the communities that I've had so much success with in the past."
ABOUT THE WIKI GROUP, INC.
The Wiki Group, Inc. owns and operates two proprietary state-of-the-art technology platforms, WikiPay and WikiLoan.
WikiPay is a low-cost, cash-based mobile payment and marketing platform solution for Peer-to-Peer (P2P), Business-to-Consumer (B2C), Consumer-to-Business (C2B), and Business-to-Business (B2B) transactions. For more information, please visit: www.wikipay.com or the mobile website: m.wikipay.com.
WikiLoan is a low-cost peer-to-peer lending platform that works through the participation and collaboration of family and friends through social networks. The company's website www.wikiloan.com provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
FORWARD LOOKING STATEMENTS This news release may include "forward-looking statements" regarding The Wiki Group, and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where The Wiki Group expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. The Wiki Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
CONTACT: Investors may contact: Market Street Investor Relations Inc. at (877) 218-9173.
SOURCE The Wiki Group, Inc.