E-Debit Global Corporation Announces Signing of Memorandum of Understanding to Expand Its National ATM and POS ISO Network in...
19 Septiembre 2011 - 8:02AM
Marketwired
E-Debit Global Corporation (OTCBB: WSHE) announced to its
shareholders at its annual general meeting held today in Calgary,
Alberta that it has entered into a signed memorandum of
understanding to expand its national ATM and POS independent sales
organizations (ISO) network.
Overview
"After a review by the Board of Directors on Friday September
16, 2011, the Company announced today at its AGM that it had
entered into a Memorandum of Understanding ("MOU") to expand and
grow the automated banking machine (ABM), Point of Sale (POS) and
related businesses in North America," E-Debit Chief Executive Doug
Mac Donald said after the AGM.
"Terms and conditions of the MOU are currently covered by a
confidentiality agreement during a sixty (60) day "Exclusivity
Period" which the parties have agreed in order to ensure complete
due diligence has been completed. We are confident after the
meetings of the parties at our Board meeting that all parties are
willing and quite capable of meeting the requirements outlined in
the MOU and hopefully we can move forward operationally prior to
the end of the lock up term ("Exclusivity Period") as this is a
significant development in the expansion of our business
operations" stated Mr. Mac Donald.
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 OTC:QB
-- 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 info@edebitglobal.com www.edebitglobal.com
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