IKOBO, INC. Adds James F. Calvano as Director

iKobo, Inc. a global leader in "person to person" online money transfer today announced that James F. Calvano has joined the Board of Directors.

Atlanta, Georgia (PRWeb) February 14, 2007 -- iKobo, Inc. a global leader in "person to person" online money transfer today announced that James F. Calvano has joined the Board of Directors.

"I first worked with Jim in the early 80's at American Express Travel Related Services and then joined his team at both Western Union and MoneyGram. I am honored to have a fourth opportunity to build a business working with him", said Jeffrey McConnell, President and CEO of iKobo. "Jim brings a wealth of experience with key strategic and operating roles including Chairman and CEO of MoneyGram Payment Systems Inc., President and COO of Western Union/New Valley Corporation, Vice Chairman of American Express Travel Related Services, President and CEO of Avis Inc., President and CEO of Carlson Travel Co., and President and Chief Operating Officer of Commercial Credit."

"The opportunity is interesting to me from the two aspects of working with Jeff again in the industry that we both know very well and also partnering with the extremely talented Board and Venture Capital firms that are involved" said Jim Calvano.

About iKobo, Inc.

iKobo (www.ikobo.com) enables customers to send money online any time of the day or night to over 145 countries. The recipient is sent a re-loadable Visa debit card protected by a PIN (personal identification number) the first time they are sent money. Each new transaction is instantly loaded to the Visa debit card. Using a re-loadable VISA debit card and the more than 800,000+ VISA ATM's worldwide gives consumers three times the distribution as Western Union and eight times as the distribution of MoneyGram the two leaders in the industry. Additionally, consumers have the option of using the card at one of the 24MM+ VISA merchants worldwide.

Biographies of the Board, Management and Venture Investors can be found at http://www.ikobo.com/about-ikobo.html

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