MIAMI, FLORIDA, July 20, 2012 /CNW Telbec/ - 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."
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
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.
SOURCE FREEPORT CAPITAL INC.
For further information:
Freeport Capital Inc. (FAS:CNSX)
Mr. Michele Tasillo (514) 394 5200