MONTREAL, July 9, 2013 /CNW Telbec/ - Freeport Capital Inc. (the
"Corporation" or "Freeport") (CNSX: FAS) announces that Messrs. Massimo Barone and Paolo Continelli have stepped
down from their positions as board members and executive officers of
Freeport in order to concentrate their efforts on the development of
the Corporation's international business in the promising regions of
Asia, UAE and Latin America. The Corporation also announces the
formation of a new Payment Technology Committee which will be
co-chaired by Messrs. Barone and Continelli, who intend to invite
industry experts to join them on this committee with a view to
providing guidance to Freeport's Board on payment technologies and
Commenting on these latest developments, Mike Tasillo, the President of
Freeport, stated that "Messrs. Barone and Continelli have provided us
with valuable guidance and have been instrumental in developing
Freeport from the ground up into a leader in mobile payments and the
first in the world to achieve a Multi-OS App Payments solution with a
PIN debit and EMV ready Device Host solution using Smartphone's,
Tablets and Handheld devices, and with several patent pending
registrations. We expect to announce in the near future the addition
of new members to our board of directors in order to round out the
Corporation's leadership team with international expertise."
Messrs. Barone and Continelli stated that "in the past three years, we
have had the opportunity to create an amazing mobile payment technology
as well as a unique strategy which is going to set the benchmark in the
industry. We intend to continue assembling a top caliber executive
enterprise & retail sales and administration team. We have established
operations in five countries worldwide, thereby setting a foundation
and strategy that has to date solidified partnerships with more than 15
world class financial institutions and Telco's globally. As we now move
into a global rollout phase with our deployment of Freeport's EMV Ready
Switch, Device Host & Mobile Payment Solutions, we are working with
global partners with large distribution channels which will allow
Freeport to have access to key segments in mature and emerging
About Freeport Capital Inc.
Freeport Capital Inc. (CNSX: FAS) develops an Enterprise Ready Mobile
Payment Platform for the leading OS's (IOS, Android, BB and Windows 7).
The Corporation's holding, First Equity Strategy LLC, markets itself
with the DBA: Hybrid Paytech. 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:
For more information, please visit www.hybridpaytech.com or contact Michele Tasillo 514-394-5200.