VerifySmart Inc. signs agreement with European hosting services and data centre infrastructure provider
April 06 2009 - 10:12AM
PR Newswire (US)
TAGUIG, METRO MANILA, Philippines, April 6 /PRNewswire-FirstCall/
-- VerifySmart Inc. (VSMR:OTCBB): VerifySmart, a global leader in
secure and fraud free payment processing services announces today
that it has entered into a Services Agreement with European hosting
and infrastructure provider Prime Interactive S.R.O. The agreement
with Prime Interactive S.R.O. accelerates the European leg of
VerifySmart's expansion plan and compliments the company's existing
capabilities. Under the terms of the agreement Prime Interactive
S.R.O. will be providing the following services to VerifySmart: -
Web and Mobile Application Development - Data Centre infrastructure
servicing Europe and located in Slovakia - Marketing access to a
legacy worldwide customer base of 130,000 - Marketing access to
established European Financial Industry vertical This agreement
will significantly enhance VerifySmart's strategy of becoming a
worldwide leader in fraud prevention solutions and will provide the
company with immediate capabilities in the lucrative European
market representing over 20% of the worldwide US $10T financial
transaction processing industry. Rapid customer penetration of
VerifySmart's patent pending technology encompassed in its
Authentication Solutions, Acquiring Gateway and VeriSmart Platinum
Visa will be pursued immediately. About Prime Interactive S.R.O.
Prime Interactive S.R.O. is a pioneer in European hosting solutions
and its web hosting services has operated since 1996. The company
is a highly rated data infrastructure provider servicing over
130,000 clients worldwide. About VerifySmart Corp VerifySmart Corp.
is a SEC reporting issuer with its shares of common stock quoted
for trading on the "OTCBB". The company's mandate is to market,
sell and manage fraud prevention products and services as an
exclusive licensee. An international company, the patent-pending
technology licensed by VerifySmart is garnering worldwide attention
and rapidly gaining acceptance across a security challenged
industry. Forward Looking Statements This current report contains
"forward-looking statements", as that term is defined in Section
27A of the United States Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Statements in this current
report which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future including but not
limited to any European expansion or any results that may be
achieved in the European market due to the agreement with Prime
Interactive. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainty of
financial estimates and projections, the competitive and regulatory
environment for start up software companies, stock market
conditions, unforeseen technical difficulties and our ongoing
ability to operate a business and obtain financing. These
forward-looking statements are made as of the date of this current
report, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that our beliefs, plans, expectations and
intentions contained in this current report are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report on Form 10-K
for the 2008 fiscal year, our quarterly reports on Form 10-Q and
our other periodic reports filed from time-to-time with the
Securities and Exchange Commission pursuant to the Securities
Exchange Act. Corporate Headquarters Fort Legend Towers, Suite 2002
- 3rd Avenue corner 31st Street E-Square, Fort Bonifacio Global
City, Taguig Metro Manila, Philippines Investor Relations Danny
Gravelle Goal Capital LLC 1-949-481-5396 Questions or Feedback
http://www.verifysmart.com/ DATASOURCE: VerifySmart Corp. CONTACT:
Corporate Headquarters, Fort Legend Towers, Suite 2002 - 3rd Avenue
corner, 31st Street, E-Square, Fort Bonifacio Global City, Taguig,
Metro Manila, Philippines; Investor Relations, Danny Gravelle, Goal
Capital LLC, (949) 481-5396; Questions or Feedback, ,
http://www.verifysmart.com/
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