Oxford Annual General Meeting Update
November 06 2013 - 10:10AM
Business Wire
At its annual general meeting held on October 25, 2013, Oxford
Investments Holdings Inc. (OTCQB: OXIHF), shareholders voted to
increase the size of the Company’s Board of Directors from one to
two members and received an update on the Company’s credit card
processing activities in China. While processing revenue levels
were maintained throughout most of 2012 and the early part of 2013,
the credibility achieved with its Chinese banks resulted in the
Company acquiring more Merchant Identifiers (MIDs) with major
credit card issuers, which enables the Company to pursue merchants
more aggressively. Transaction processing was derived mainly as a
result of Oxford’s efforts in executing credit card acquiring
channels throughout the world. The Company continues its efforts to
pursue transactional processing gateway software license agreements
with channel partners.
In recent months the Company’s strategic partnership integrated
an e-Wallet transactional gateway with our newest processor.
Implementing the wallet will allow the Company to continue to bring
acquiring banks and partners to its channels, and provides both the
merchants and banks with a more efficient and cost-effective
payments processing solution. Due to several new processors coming
on stream, processing operations in China were reorganized during
August and September 2013 to better support the expected increase
in transaction volume.
“Now that we are integrated with multiple processors, we expect
our revenues should increase significantly over the next fiscal
year,” stated Michael Donaghy, President of Oxford.
About Oxford Investments Holdings Inc.
Oxford Investments Holdings Inc. is establishing itself as a
leading payment solutions provider. The Company offers a range of
electronic payments processing products, including customized
pre-paid and re-loadable card programs, mobile payments solutions,
and merchant services to the E-commerce industry. In addition,
Oxford TPS offers customized, managed-services transaction
processing solutions to corporations. Oxford, through its partner,
Koho Group, has also established relationships in the Chinese
financial and electronic payments industries.
FORWARD LOOKING STATEMENTS DISCLAIMER:
Statements in this press release, which are not historical, are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially
from those anticipated in such statements. Investors are cautioned
that all forward-looking statements involve risks and uncertainties
including, without limitation, risks associated with the Company's
financial condition and prospects, legal risks associated with
product liability and risks of governmental legislation and
regulation, risks associated with market acceptance and
technological changes, risks associated with dependence on
suppliers, risks relating to international operations, risks
associated with competition and other risks detailed in the
Company's filings with securities regulatory authorities. These
risks may cause results to differ materially from those projected
in the forward-looking statements.
This release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be
a sale of any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification of such securities under the laws of any such
jurisdiction. This press release was accurate at the time it was
issued but may not reflect the Company's current strategy or
product offerings.
Contacts:Oxford Investments Holdings Inc.Michael Donaghy
1-800-293-4871Website: www.oxsof.com
Oxford Investments Holdings Inc.Michael Donaghy,
1-800-293-4871
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