E-Debit Global Corporation Announces an Agreement for 10% Equity Purchase of ebackup Inc.
15 Marzo 2011 - 8:12AM
Marketwired
E-Debit Global Corporation ("E-Debit", "the Company") (OTCBB: WSHE)
is pleased to announce that it has agreed to purchase a ten percent
(10%) interest in ebackup Inc. of Calgary Alberta in an off market
trade in a cash and/or share exchange authorized by the Board of
Directors on February 25, 2011.
Overview
The agreement solidifies the Company's commitment to our
"end-to-end" payment delivery and processing solution. ebackup Inc.
currently supplies our PCI compliant data centre, technical support
and data protection services," notes E-Debit Chief Executive Doug
Mac Donald. "This deal gives us a stake in the infrastructure and
marketing that we need to propel our solutions in the future".
"ebackup is committed to supporting the growth of E-Debit and is
investing funds to further develop back-end infrastructure and to
bring new products and services to E-Debit direct clients and its
Coast to Coast network of distributors", Rowland Perkins, ebackup
President & CEO stated. "We are excited to have E-Debit as an
equity partner."
The equity deal is a combination of shares and warrants at
current market prices.
About E-Debit Global Corporation
E-Debit Global Corporation (WSHE) is a financial holding company
in Canada at the forefront of debit, credit and online computer
banking. Currently, the Company has established a strong presence
in the privately owned Canadian banking sector including Automated
Banking Machines (ABM), Point of Sale Machines (POS), Online
Computer Banking (OCB) and E-Commerce Transaction security and
payment. E-Debit maintains and services a national ABM network
across Canada and is a full participating member of the Canadian
INTERAC Banking System.
Financial Profile:
CAPITALIZATION: 500,000,000 COMMON SHARES WITH NO PAR VALUE
SHARES ISSUED: Common - 92,324,344
: Voting Preferred - 70,855,900
For further details, please refer to WSHE website
WSHE Symbol OTCBB
Transfer Agent: Holladay Stock Transfer Inc.
2939 North 67th Place
Scottsdale, Arizona 85251
DISCLAIMER
Forward-Looking Statements: This news release contains certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, which are subject to
risks and uncertainties. The forward-looking statements, which
address the Company's expected business and financial performance,
among other matters, contain words such as "believe," "expect,"
"anticipate," "optimistic," "intend," "plan," "aim," "will," "may,"
"should," "could," "would," "likely," and similar expressions. All
statements, other than statements of historical fact, included
herein, are forward looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Forward-looking statements are based on the estimates and opinions
of management on the date the statements are made, and WSHE does
not undertake an obligation to update forward-looking statements
should conditions or management's estimates or opinions change.
Factors that could cause actual results to differ materially from
these forward-looking statements include, but are not limited to,
the following: the underlying assumptions related to the events
outlined in this news release proving to be inaccurate or
unrealized, events impacting the likelihood and timing of the
completion of the events outlined, such as regulatory approvals,
and the Company's ability to exploit the payment platform and other
assets and execute on its strategy to develop and issue new and
enhanced payment products and services and increase the Company's
revenues from such products and services.
About ebackup Inc.
ebackup Inc. is one of Western Canada's largest "Cloud" based
PCI compliant data centers and backup service providers, supplying
simple, robust, cost effective and secure data asset protection
through automated solutions that are fully scalable to its
customer's needs. ebackup provides single source comprehensive
automated and offsite data backup processes, protecting critical
data for the full spectrum of business operations. ebackup enables
businesses, from one-person operations, to medium sized
corporations to concentrate on their core business and to allow
their valuable human resources to concentrate and compete
effectively in today's marketplace while ebackup manages their
technological requirements.
Financial Profile:
PRIVATELY HELD ALBERTA CORPORATION
Headquartered at 35 McTavish Place NE, Calgary, Alberta, Canada
T2E 7J7
ebackup Inc.
Telephone: (403) 259-3620
Email: info@ebackupinc.com
www.ebackupinc.com
Contacts: E-Debit Global Corporation Tony Tsigonias 1 (403)
473-8795 info@edebitglobal.com www.edebitglobal.com
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