(Dallas, TX. – September 20, 2011) StockGuru Shines its Spotlight on E-Debit Global Corporation (“E-Debit”) (OTCBB:WSHE). Yesterday, to further the Company’s release of August 3, 2011, in conjunction with its joint-venture with ebackup Inc. (“ebackup”), Capital Six Limited (“Capital Six”) the Company announced its agreement with European and South African mobile Telco software and infrastructure provider IN-CORP AG’s Canadian subsidiary MapleTel.com (“MapleTel”) to roll out its mobile and internet based payment platforms. The Company closed on August 19, 2011, at $0.029, down six percent from its previous close and in a fifty-two week range of $0.18 – 0.01.
Overview
“After a comprehensive review with MapleTel president Johan Kok we find that we have a very dynamic opportunity to leverage our 12 years of PIN based financial transaction processing operational experience and our 2010 acquisition of DigiCoins Canada Inc. loyalty program and contactless technology with MapleTel telecom applications to initiate our E-Debit payment platform,” E-Debit Chief Executive Doug Mac Donald said in a joint statement with ebackup Inc. President Rowland Perkins.
“Our entry point and first priority is the immediate integration of our P2P (person to person) application and E-Debit’s PIN based and micro payment capabilities into our new joint-venture,” stated Johan Kok, President of MapleTel. “We are focused directly on a PIN secured Internet payment product and a subsequent related mobile payment solution built on E-Debits payment experience and suite of business operations currently in place. I anticipate a very quick Beta development and look to our current 250,000+ subscriber base in South Africa and South America for the initial large scale test/roll-out in tandem with a North American implementation,” Mr. Kok added.
“Our Alberta joint-venture is based on equal participation between E-Debit’s and ebackup’s Capital Six Limited with 50% ownership and 50% with MapleTel and incorporates exclusive processing agreements with E-Debit’s wholly owned subsidiary and Interac member Westsphere Systems Inc.,” stated Mr. Mac Donald.
“Our secure on-line and mobile payment management and processing solution fills the nonexistent Canadian and international secured payment segment and the combination of ebackup’s “cloud” based PCI compliant data centre, technical and back up support and E-Debit’s “processing switch and micropayment system currently in place allows for a quick entry into this marketplace,” concluded Mr. Kok.
About E-Debit Global Corporation
E-Debit Global Corporation (WSHE) is a financial holding company in Canada at the forefront of debit, credit and online computer banking. Currently, the Company has established a strong presence in the privately owned Canadian banking sector including Automated Banking Machines (ABM), Point of Sale Machines (POS), Online Computer Banking (OCB) and E-Commerce Transaction security and payment. E-Debit maintains and services a national ABM network across Canada and is a full participating member of the Canadian INTERAC Banking System.
Financial Profile:
- CAPITALIZATION: 500,000,000 COMMON SHARES WITH NO PAR VALUE
- SHARES ISSUED: Common – 92,324,344
- Voting Preferred – 70,855,900
- For further details, please refer to WSHE website
- WSHE Symbol OTCBB
- Transfer Agent: Holladay Stock Transfer Inc.
- 2939 North 67th Place
- Scottsdale, Arizona 85251
DISCLAIMER
Forward-Looking Statements: This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The forward-looking statements, which address the Company’s expected business and financial performance, among other matters, contain words such as “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “plan”, “aim”, “will”, “may”, “should”, “could”, “would”, “likely”, and similar expressions. All statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and WSHE does not undertake an obligation to update forward-looking statements should conditions or management’s estimates or opinions change. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the underlying assumptions related to the events outlined in this news release proving to be inaccurate or unrealized, events impacting the likelihood and timing of the completion of the events outlined, such as regulatory approvals, and the Company’s ability to exploit the payment platform and other assets and execute on its strategy to develop and issue new and enhanced payment products and services and increase the Company’s revenues from such products and services.
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