SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): June 2, 2010
SINO PAYMENTS, INC.
(Exact name of registrant as specified in its charter)
|
Nevada |
000-53537 |
26-3767331 |
|
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
|
of Incorporation) |
|
Identification Number) |
|
|
|
|
|
|
Unit T25, GF Bangkok Bank Building 18 Bonham Strand West Sheung Wan, Hong Kong |
|
|
|
(Address of principal executive offices) |
|
|
|
|
|
|
|
Office: 877-205-6270 |
|
|
|
(Registrant’s Telephone Number) |
|
(Former name or former address, if changed since last report)
Copy of all Communications to:
Carrillo Huettel, LLP
3033 Fifth Avenue, Suite 201
San Diego, CA 92103
phone: 619.399.3090
fax: 619.399.0120
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:
. Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
. Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
. Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
. 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 June 2, 2010, the Registrant issued a press release announcing that it has received approval from both Visa and MasterCard as a merchant referral agent for clearing bank VALITOR, which will allow Sino Payments to promote cross Regional projects for large retailers who are present in both Asia and Europe. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Limitation on Incorporation by Reference.
In accordance with General Instruction B.2 of Form 8 − K, the information in this Form 8 − K furnished pursuant to Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Exchange Act or Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
EXHIBIT |
|
|
|
NUMBER |
|
DESCRIPTION |
|
99.1 |
— |
Press release dated June 2, 2010. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: June 2, 2010
SINO PAYMENTS, INC.
By: /s/ Matthew Mecke
Matthew Mecke
CEO
2
Exhibit 99.1
Sino Payments Approved as Official Visa and MasterCard Merchant Agent European Merchant processing opportunities now open to Sino Payments
HONG KONG, June 2 /PRNewswire-FirstCall/ -- Sino Payments, Inc. ( www.sinopayments.com ) (OTC Bulletin Board: SNPY.ob - News ) today announced that it has received approval from both Visa and MasterCard as a merchant referral agent for clearing bank VALITOR. European processing enables Sino Payments to promote cross Regional projects for large retailers who are present in both Asia and Europe.
Sino Payments' President and CEO Matthew Mecke stated, "As we build out Sino Payments' card processing solutions for both ecommerce and IP at point of sale merchants, card industry certification (Visa/MC) is an important step. We look forward to continuing to work with VALITOR and our other industry partners to build out merchant processing volume."
About Sino Payments, Inc. ( www.sinopayments.com )
Sino Payments is a US public company with offices in Hong Kong. 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 and throughout Asia.
About VALITOR ( www.valitor.com )
VALITOR is a leading European acquirer. The company is experienced in operating on a highly developed card payment market and offers safe and swift services to merchants, banks and cardholders travelling around the world. Since 2003, the company has handled Cross Border ecommerce with emphasis on ecommerce in the various sectors. VALITOR is focused on delivering quality service to merchants and partners using its highly developed technology and stable IT environment. The company (formerly VISA Iceland) was established in 1983.
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.