E-Debit Global Corporation Announces Launch of Its Micro Payment and Loyalty Card System
17 Marzo 2011 - 10:53AM
Marketwired
E-Debit Global Corporation ("E-Debit") (OTCBB: WSHE) announced
today launch and deployment of wholly owned subsidiary E-Debit
International Inc. ("E-Debit International") Micro Payment and
Loyalty Card System and Platform for deployment of the E-Debit
loyalty, prepaid and debit Card program.
Management's Commentary:
"As a result of our recent announcement related to our strategic
partnership and equity stake in ebackup Inc. E-Debit is commencing
the launch and deployment of our E-Debit loyalty, prepaid and debit
Card program" advises E-Debit Chief Executive Doug Mac Donald.
"With ebackup Inc. supplying the additional technical expertise,
PCI compliant data centre, technical support, and data protection
services we now have the complete end to end infrastructure to
initiate our card program."
"With the Canadian card product marketplace transitioning over
to Chip card security (identified as EMV standards) E-Debit's
switching operations has successfully implemented its Interac
certification enabling all Canadian Interac card products with the
chip embedded security to be utilized in all bank machines
processed through E-Debit. E-Debit card products will run on the
EMV protocol which is the current state of the business
worldwide".
"The Canadian financial services industry is the best in the
world and E-Debit shares in this marketplace through its strategic
business relationships and our leading world class financial
processing capabilities. This position allows for our move into the
Card Payment services sector utilizing not only our historical
world leading enhanced PIN based security but our chip card
security experience and capabilities. Currently E-Debit processes
in excess of eleven million ($11,000,000) a month throughout its
wholly owned Canadian ATM estate and we will grow our transaction
processing as we continue to expand our processing platform and
card program along with their related services" advises Mac
Donald.
Additional Information:
Additional Information about E-Debit and the E-Debit's operating
subsidiaries, the Company's Annual Filings and other public filings
including the terms and conditions of the captionally noted
Investor Relations Consulting Agreement is available on the SEC
website and on E-Debit's website edebitglobal.
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.
Contacts: E-Debit Global Corporation Tony Tsigonias 1 (403)
473-8795 www.edebitglobal.com
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