Sino Payments Subsidiary Signs USD 2 Million New Service Contract
21 Enero 2014 - 8:15AM
Marketwired
Sino Payments Subsidiary Signs USD 2 Million New Service Contract
Zhao Heng Information Technology (Shanghai) Co. Ltd (ZHITSCL)
Signs Contract to Provide Services to the World's Largest Health
and Beauty Retailer in the People's Republic of China (PRC)
SHANGHAI, CHINA--(Marketwired - Jan 21, 2014) - Sino
Payments, Inc. (OTC Pink: SNPY), a technology company providing IT
solutions primarily in the retail industry, today announced that
the operating arm of its wholly owned subsidiary in the PRC,
ZHITSCL, with its strategic partners, has signed a contract with
the world's largest health and beauty retailer. The one-year
contract details the provision of Helpdesk, Software Maintenance,
Hardware Maintenance, New Store Opening and
Install-Move-Addition-Change services to its 1,700+ retail outlets
in the PRC and will end on 31st December 2014.
Kenneth TAN, CEO of Sino Payments Group, proclaimed, "We are
excited to announce the signing of this large project by one of our
operating subsidiaries in the PRC. As the market in China continues
to evolve, the retailer is looking to open two new stores per day
in 2014. In order to accommodate this growth size, TAP is committed
to providing greater standardization and visibility across the
customer's store networks. TAP Group benefits from extensive
experience and strong foothold in the Asian and particularly
Greater China retail market. Projects such as these demonstrate our
ability to provide tailored technology solutions and dedicated
on-the-ground support services to our customers."
TAP's impressive client list includes some of the largest and
most well-known Asian retail merchants. These include:
- A.S. Watson Group (HKSAR) - The A.S. Watson Group (A.S. Watson
or ASW) operates the world's largest health and beauty retail
group, with over 11,000 stores in 33 markets serving over 27
million customers per week. The company is a wholly owned
subsidiary of the renowned multinational conglomerate Hutchison
Whampoa.
- PCCW Limited (HKSAR) - PCCW Limited is the holding company of
HKT Group Holdings Ltd - a Hong Kong based Information and
Communications Technology Company. PCCW also holds a majority
interest in Pacific Century Premium Developments Limited. PCCW is
headquartered in Hong Kong and operates in Europe, the Middle East,
Africa, the Americas, The People's Republic of China and other
parts of Asia Pacific region.
About Sino Payments,
Inc. (www.sinopayments.com) Sino Payments is a US
public company headquartered in Hong Kong. Sino Payments and TAP
Group have finally signed an addendum to the original Share
Exchange Agreement to conclude the merger effective date on 1st of
January 2014. Hence, TAP activities including this new contract
will be folded into the result of Sino Payments in 2014.
The combined group has offices in Hong Kong, Shenzhen,
Guangzhou, Shanghai, Beijing, and Manila with over 200 staff. It
focuses on providing customer-centric IT solutions, primarily for
the retail industry. By integrating market-leading
Point-of-Sale/Point-of-Interaction, payments, and retail CRM
solutions, TAP enables retailers to offer a consistent shopping
experience across all channels at all times, for easier and more
effective customer lifecycle management.
FORWARD-LOOKING STATEMENT:
Except for factual statements
made herein, the information contained in this press release
consists of forward-looking statements that involve risks and
uncertainties, including the effect of changing economic
conditions, competition within the credit and security industry,
customer acceptance of products and other risks and uncertainties.
Such forward-looking statements are not guarantees of performance,
and Sino Payments, Inc. results could differ materially from those
contained in such statements. These forward-looking statements
speak only as of the date of this release, and Sino Payments, Inc.
undertakes no obligation to publicly update any forward-looking
statements to reflect new information, events or circumstances
after the date of this release.
Contacts: Sino Payments, Inc. Kenneth Tan CEO T +852 2950 4288 x
1012 ir@sinopayments.com
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