Dakshidin Announces Joint Venture with Sunset Capital Assets

LAS VEGAS, NV / ACCESSWIRE / January 13, 2015 / Dakshidin (OTC: DKSC) announced today that the Company has entered into a 50/50 Joint Venture Agreement with Sunset Capital Assets (OTC: SSBN).

"We are thrilled that, with Sunset Capital onboard, we now have a partner with the background, skills and contacts to implement our technology on the highly regulated financial industry side of the equation." said Dakshidin CEO J. Mark Seaton. "The pieces we need to make this venture successful are now falling into place. We are encouraged with the long term prospects for the company and its shareholders."

Under the terms of the agreement, Dakshidin will deploy and manage its recently acquired technology platform that will allow the company to offer a wide variety of financial products and services including:

- A General Purpose Reloadable Debit Card (GPR - a bank account on a card)
- Scoot (Patented Mobile Money Transfer Service)*
- Payday advance
- Micro loans
- Remittances

Bert Watson Jr., CIO of Sunset Capital Assets, stated "As a management team with over 75 years of banking and Investment Banking experience, we immediately understood the value and potential of the technology Dakshidin had acquired. We recognized the synergy between the two companies and will partner with Dakshidin to help deploy this technology and fully participate in this potentially very lucrative and exciting opportunity. We are looking forward to continuing to build upon this strong and fruitful relationship going forward."

According to the terms of the joint venture, Sunset Capital Assets will serve in multiple capacities intended to facilitate a variety of business and financial opportunities. The group will tap its current business relationships, government contacts, and banking industry contacts to secure Investment Banking services to facilitate the launch of the joint venture. Sunset also announced that it intends to incorporate Dakshidin technologies into the international banking platform it is currently developing.

In June of 2014 Dakshidin announced it had concluded its first strategic asset acquisition; a state of the art proprietary electronic payment platform from The Tyburn Group Inc. based in Northern California.

The prepaid and debit platform allows Dakshidin to offer an end-to-end solution supporting all aspects of card issuing services.

Key features include:

- Automated Application Processing
- Customer Relationship Management
- Product and Service Management
- Card Management
- Statistics and MIS Reporting

The product is ideal for that segment of the population (unbanked/underbanked) who either do not qualify for or have no desire for a traditional bank account. The estimated size of the market in the US alone is currently estimated to be between forty and fifty million people and expanding.

The platform also provides a potential solution to a recognized problem facing the legal medical marijuana industry as it allows customers to pay for their prescriptions using a closed loop card issued and managed by Dakshidin thereby alleviating the current situation whereby dispensary owners, due to their inability to accept credit cards, are forced to keeping large amounts of cash on their premises.

Scoot* is a mobile application that allows ANY cell phone to be used for making direct money transfers through SMS text messaging without having to use a bank account. The Scoot platform is compatible with any stored-value or debit card network (MasterCard/Visa). Debit Cards are currently accepted at over 23 million merchants and ATMs in 210 countries. Users can simply purchase a reloadable stored-value debit card from Scoot.com which will link their cell phone number to that card. Scoot users can manage their card accounts and send money from one stored-value debit card to another using text messaging with their cell phone numbers as the unique identifier. Transferred funds can immediately be used by the recipient in the same way as any other debit card.

About Sunset Capital Assets

Sunset Capital Assets, Inc. is a boutique, global investment and advisory firm headquartered in Jacksonville, FL and well capitalized with assets valued in excess of $500 million. Founded in 2012; the right combination of values, intellectual capital, and financial resources defines Sunset as a firm positioned for significant growth. Sunset takes a pioneering, consulting-based approach to corporate equity investing, partnering with management teams to build class-leading businesses and improve their operations. Since inception, the firm has extended this approach across asset classes and seeks to build one of the strongest organically grown alternative asset platforms in the world. Further information is available at www.sunsetcapitalassets.com.

Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Dakshidin Corporation

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SOURCE: Dakshidin Corporation

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