MONTREAL, Oct. 10, 2012 /CNW Telbec/ - Hybrid Paytech (CNSX: Freeport Capital - FAS), a leader in mobile payment innovation has announced that the company has teamed up with Precitec Moldings Inc. a Montreal design firm of specialty plastics to develop a Tablet and device cradle for retailers. The products proprietary Rights, IP and Patents will be shared between 3 parties of which Hybrid will have 45% ownership.
President of Hybrid PayTech Mr. Michele Tasillo stated "The market is rapidly accepting the "BYOD" bring your own device trend and the need to enable and create a harnessed solution that not only cradles the product but locks it in place when not in the employee's hands is fundamental. As new tablet devices are becoming more important to the retail, restaurant & entertainment industry we have worked closely with Precitec to solve the issue."
President of Precitec Mr. Antonio Giancola stated "We are very excited to work with Hybrid and collaborate on designing an innovative cradle for tablets and devices for the payment industry. This opportunity combines expertise from two industries to truly create a Hybrid product line."
About Precitec Molding Inc.
The company was established in 1994 and is a leader offering the latest technology in product design and fabrication of plastic injection molds with an in-house engineering department for PC boards design and development.
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 credit and debit acceptance. With a global footprint, Hybrid Paytech is an enabler of easily deployable payment systems focusing on authentication, approved security and quick merchant adoption in fleet, delivery, logistics and retail. www.hybridpaytech.com
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:
Please visit www.freeportcapitalinc.com or contact Mr. Michele Tasillo 514-394-5200.
Or Mr. Gary Repchuk [email protected]