HONG KONG, July 8, 2009 (GLOBE NEWSWIRE) -- Sino Payments, Inc. (OTCBB:SNPY) signed an MOU with Wincor-Nixdorf for the purpose of providing the Sino Payments IP card processing system to retail chain, supermarket, and other retail customers initially in the Hong Kong market.
Matthew Mecke, Chairman & CEO of Sino Payments stated, "As one of the world's largest and most important payment processing retail store hardware and ATM providers, Sino Payments is extremely pleased to work with Wincor-Nixdorf in HK to provide Sino Payments IP credit and debit card processing to Wincor-Nixdorf's large regional client base. We hope to work closely as quickly as possible to identify potential customers in HK and Macau to provide our card processing services."
About Sino Payments, Inc. (www.sinopayments.com)
Sino Payments is a Nevada incorporated U.S. Company with offices in Hong Kong. Sino Payments' proprietary IP transaction processing system (SinoPay GPP) was designed to convert transaction processing systems from old type dial up point of sale systems connected to sophisticated check out terminals to a modern seamless IP transaction process, thereby 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 in China and throughout Asia including supermarket chains and large regional multinational retailers.
The Sino Payments, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6215
About Wincor-Nixdorf Hong Kong (www.wincor-nixdorf.com/hk)
Wincor Nixdorf as the Global parent Company Group has a presence in about 100 countries, with its own subsidiary companies in 38 of these. A total of more than 9,000 employees work at Wincor-Nixdorf. Wincor-Nixdorf is the leader in Europe and the number 3 in the world for programmable electronic POS systems (EPOSs) and the number 2 in Europe and worldwide for automated teller machines. Wincor-Nixdorf has production facilities at Paderborn, Germany, and in Singapore, Shanghai, and Sao Paolo.
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.