TORONTO, Aug. 4 /CNW/ - Hosted Data Transaction Solutions Inc. ("HDX") announced today that it has filed an amended business acquisition report dated August 4, 2010 (the "Amended Business Acquisition Report"), relating to the acquisition of Posera Inc. by HDX. HDX is listed on the TSX under the symbol "HDX".
The Amended Business Acquisition Report replaces and supersedes the previous business acquisition report of HDX filed on July 19, 2010 (the "Previous Business Acquisition Report"). Following the date of filing of the Previous Business Acquisition Report, HDX received an audited opening balance sheet for Posera Inc. dated as of April 30, 2010, being the date of acquisition of Posera Inc., and updated valuation information with respect to Posera Inc., which has been utilized in the preparation of the Amended Business Acquisition Report. The inclusion of this information has been reflected in the Amended Business Acquisition Report by updating the information for Posera.
About the Company
HDX is in the business of managing merchant transactions with consumers and facilitating payment. HDX develops and deploys touch screen POS system software and associated enterprise management tools and has developed and deployed numerous POS applications. HDX also provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services.
HDX leading edge technology also includes prepaid stored value payments solutions, customer self serve kiosks and "line buster" mobile point of sale terminals. These products have been designed to dramatically enhance customer throughput and drastically reduce customer queues. These technologies are especially effective in high foot traffic environments that have limited cash register counter space, limited retail square footage, and the absence of a drive through.
This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect HDX's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual
Information Form filed on March 31st 2010 with the regulatory authorities. HDX assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
For further information: For further information: Paul Howell, CEO, Hosted Data Transaction Solutions Inc. (HDX), 350 Bay Street, Suite 700, Toronto, Ontario, M5H 2S6, Phone: 416-703-6462, extension 2263, Email: Paul.Howell@hdxsolutions.com