UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 6, 2010
SINO PAYMENTS, INC.
(Exact name of registrant as specified in its charter)
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Nevada |
000-53537 |
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(State or other jurisdiction of incorporation) |
(Commission File No.) |
Unit T25, GF Bangkok Bank Building
18 Bonham Strand West
Sheung Wan, Hong Kong
(Address of principal executive offices and zip code)
(203) 652-0130
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure
On January 6 2010, Sino Payments, Inc. announced that it has completed version 2.0 of the core Sino Payments Global Payment Processing platform “SinoPay GPP” for processing credit and debit cards from cash registers and point of sale checkout machines widely used by most retailers worldwide.
A copy of the release is attached as Exhibit 99.1. This information shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act 1934, as amended, and is not incorporated by reference into any filing of the company, whether made before or after the date of this report, regardless of any general incorporation language in the filing.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated January 6, 2010. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SINO PAYMENTS, INC. |
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Date: January 6, 2010 |
By: |
/s/ Matthew Mecke |
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Matthew Mecke |
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Chief Executive Officer |
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Exhibit 99.1
Core Card Transaction Processing Platform Ver. 2.0 Completed by Sino Payments
Jan. 6, 2010 (Hong Kong) – Sino Payments, Inc. ( www.sinopayments.com ) (OTCBB: SNPY) today announced that it has completed version 2.0 of the core Sino Payments Global Payment Processing platform “SinoPay GPP” for processing credit and debit cards from cash registers and point of sale checkout machines widely used by most retailers worldwide.
Sino Payments, in conjunction with Shanghai partner PowerE2E, has completed version 2.0 of the Sino Payments GPP IP card processing system including system updates, installation, and testing at PowerE2E’s headquarter location in Shanghai, China. The Sino Payments GPP system has been designed to be used by most global retailers specifically for regional retailers with large numbers of stores across the Asia Pacific and European regions.
With full international card processing capabilities for all major card types (V/MC/JCB/Diners/AMEX) and including capability for special processing features and needs of international retailers in China and Japan, the Sino Payments GPP is one of the first region wide international card processing systems which processes transactions from traditional point of sale terminals and check out store systems and converts these to IP output
Sino Payments’ President and CEO Matthew Mecke stated, "As with the recently announced worldwide ecommerce platform integration, this is the final crucial step for Sino Payments to be able to offer full transaction processing services to regional multinational retail clients with operations primarily in Asia or the EU. I am excited to move onto the next phase of company development for Sino Payments to provide such services to our growing list of prospective merchants currently in our sales pipeline and to dramatically ramp up sales and marketing activities to merchants in need of our card processing solutions.”
About Sino Payments, Inc. ( www.sinopayments.com )
Sino Payments is a US public company with offices in Hong Kong and Macau. In addition to providing stand alone worldwide ecommerce processing capability, Sino Payments' proprietary IP transaction processing system (SinoPay GPP) is designed to convert transaction processing systems from old type dial up point of sale systems linked to sophisticated check out terminals to a modern seamless IP transaction process, reducing credit and debit card transaction processing times by half at checkout. Sino Payments focuses on providing IP credit and debit card processing services to large retail chains, including supermarket chains and large regional multinational retailers, in China, Japan, and throughout Asia.
Contacts:
Sino Payments, Inc.
Matthew Mecke
Chairman & CEO
T 1.203.652.0130
Investor Relations
ir@sinopayments.com
T 1.866.500.8985
FORWARD-LOOKING-STATEMENT:
Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Sino Payments, Inc. results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Sino Payments, Inc. undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.