MISSISSAUGA, ON, June 15 /CNW/ - Payment Services Interactive Gateway
Corp. ("PSiGate") (TSX Venture Exchange: PSG) today announced that its
previously announced exclusivity agreement dated April 23, 2007 with
Authorize.Net Holdings, Inc. (formerly Lightbridge, Inc.) ("Authorize.Net")
expired at 6:00 p.m. (Boston Time) on June 15, 2007.
At this time, Authorize.Net continues to complete its due diligence on
PSiGate and the parties are operating under the provisions of the non-binding
letter of intent first announced on April 23, 2007.
PSiGate (www.psigate.com) empowers businesses on the Internet by
providing secure, cost-effective and trusted e-commerce solutions. PSiGate
provides an easy and seamless interface to new or existing online storefronts,
offering a reliable means of both real-time and batch payment collection and
financial transaction processing. PSiGate provides Internet Merchant Accounts
(Merchant IDs) for North American based businesses. As at the date of this
press release, the Company has 10,574,469 common shares outstanding.
This document may contain forward-looking statements, relating to the
Company's operations or to the environment in which it operates, which are
based on PSiGate's operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond PSiGate's
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in these forward-looking statements.
These factors include those set forth in other public filings. Consequently,
readers should not place any undue reliance on such forward-looking
statements. PSiGate disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: on Payment Services Interactive Gateway Corp.
please contact Anthony Palumbo at (905) 567-4000, ext. 241