TMCnet News
Freeport Capital Inc. (FAS:CNSX) Completes 51% Acquisition of Vault Acquiring Solutions LLC.MIAMI, FLORIDA, Jul 20, 2012, 2012 (Canada NewsWire via COMTEX) -- President Mr. Michele Tasillo stated "I am very pleased to announce that we have concluded the 51% acquisition of Vault Acquiring Solutions LLC. and welcome its President Mr. Anthony Ribas to the growing team at Hybrid PayTech. This acquisition immediately allows us to prioritise development of an EMV certified gateway with connectivity to a host of acquirers and processors in the US, not matched by any current solution. The combination of Vault and Hybrid enables us to offer a mobile merchant solution on all platforms including iPhone, Blackberry, Windows, and Android devices that connect on the top processing platforms. Our team of EMV specialists at Hybrid including Mr. Guy Lafontaine (Compliancy & Security) and Mr. Ben Lamoureux (Payment Specialist) share an important expertise and protocol management that is essential to being EMV (Europay,MasterCard, Visa) compliant of which the US market is currently undergoing and adopting. Additionally, with a vast number of new EMVL1&L2 devices requiring a compliant host to connect, we believe strongly that we will capitalize in the Mobile Payment Space delivering EMV compliant solutions globally offering our Hybrid PayTech App's with integrated independent products leading the industry convergence to Smartphones and Tablets as smart payment terminals." Vault's President Mr. Anthony Ribas stated, "Completing the acquisition positions Vault and Hybrid to be market leaders in providing EMV payment solutions. The combination of technology provides our clients with the most secure, low-cost and flexible suite of Retail, Mobile, Hospitality and e-Commerce payment solutions available today." Mr. Ribas added "The acquisition further strengthens Vault's operating and support resources needed to service ISO/MSP's, POS distributors, software developers and value-add resellers who extend our ability to grow sales throughout North America, the Caribbean and Latin America." Visit www.vaultpos.com About Vault Acquiring Solutions Inc. For ten years, Vault's management team, have been developing payment gateway, mobile POS payment applications and hardware devices internationally. From inception, Vault has been positioning its technology platform to be quickly private-labeled for Banks, Acquirers, Card Issuers, Resellers and POS hardware manufacturers. Vault's payment processing platform was designed from the ground up to be Agnostic to Payment Gateways, Payment processors, Hardware Peripherals, Wireless Printers, Bar-Code Scanners as well as Kiosks, Pin-Entry Debit, NFC and EMV ready devices. Additionally, Vault provides product fulfillment, Pin-Debit Key-Injection and End to End Encryption services throughout the Americas. About Freeport Capital Inc. First Equity Strategy LLC (DBA; Hybrid Paytech is a subsidiary of Freeport Capital Inc. Based in Montreal, Canada; Hybrid Paytech is a technology leader in the mobile payment space for EMV, Credit and Pin Debit acceptance offering an ERP (Enterprise Ready Platform) enabling Processors & Acquirers with quick merchant adoption solutions. With a global footprint, Hybrid Paytech is an enabler of easily deployable payment systems for Smartphones & Tablets focusing on Encryption & Authentication for Merchants in the Fleet, Delivery, Logistics, Transit, Government, Hospitality and Retail industry "on the go". For further information on Hybrid PayTech, please visit www.hybridpaytech.com and click on our corporate video presentation http://www.youtube.com/watch v=XvZHrck2eag&feature=youtu.be The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2012/20/c9743.html SOURCE: FREEPORT CAPITAL INC. Freeport Capital Inc. (FAS:CNSX) Mr. Michele Tasillo (514) 394 5200 [email protected] |