HONG KONG, June 25, 2009 (GLOBE NEWSWIRE) -- Sino Payments, Inc. (OTCBB:SNPY) has entered into the ecommerce processing business in China and Asia for online merchants in addition to providing physical merchants with the Sino Pay GPP Point of Sale IP card processing service.
Ecommerce processing for online gaming companies or merchants and physical store Point of Sale IP processing are both compatible with the Sino Pay GPP IP processing system.
Matthew Mecke, Chairman & CEO of Sino Payments stated, "With our partners including through our initial processing services agreement with PowerE2E in Shanghai, Sino Payments will be providing ecommerce processing services to our growing merchant base. We expect revenues from ecommerce to begin soon and continue growing through the rest of 2009 and into 2010 as we complete agreements with additional merchants in Asia. We are particularly interested in pursuing the China online gaming business where we believe our international card processing platform will be well received."
About Sino Payments, Inc. (www.sinopayments.com)
Sino Payments is a Nevada incorporated U.S. Company with offices in Hong Kong. Sino Payments' proprietary IP transaction processing system (SinoPay GPP) was designed to convert transaction processing systems from old type dial up point of sale systems connected to sophisticated check out terminals to a modern seamless IP transaction process, thereby reducing credit and debit card transaction processing times by half at checkout. Sino Payments focuses on providing IP credit and debit card processing services to large retail chains in China and throughout Asia including supermarket chains and large regional multinational retailers.
The Sino Payments, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6215
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.