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Sino Payments Inc., and Value Exchange International Limited Are in Merger Discussions Sino Payments, Inc. and Value Exchange International Ltd, a Related Retail Technology Company, Are in Merger Talks to Bring a Synergy Effect to the Whole Sino Payments Group Marketwired Sino Payments, Inc. October 21, 2013 9:15 AM HONG KONG, CHINA--(Marketwired - Oct 21, 2013) - Sino Payments, Inc. (OTC Pink: SNPY) (http://www.sinopayments.com/), a technology company providing proprietary IP transactions processing services to the retail industry, is pleased to announce that, following the recently announced merger with TAP Investments Group, they have entered into preliminary merger discussions with the shareholders of Value Exchange International Ltd (VEI). VEI is a leading retail technology company incorporated in Hong Kong. It focuses on its flagship mobile Stored Value Card solution (mSVC) that converts physical cards and offers into virtual media. SNPY's subsidiary company, TAP, has a strong customer base in the Point-of-Sale (POS) and retail CRM market in Greater China. The merger of SNPY and VEI will add new value to the TAP Group POS services by enhancing the functionality of the overall retail business model. By integrating VEI's expertise in mSVC to existing POS users, this merger offers significant potential to harmonize the operations of all related entities. The retail business partners are expecting to benefit from greater efficiency and significantly increase their market share from these integrated services. The merger of SNPY and VEI plans to take place within the next few months. Ultimately, the management team of SNPY has confidence that this merger with VEI will deliver significant value to its stakeholders. With the partnership, the payments processing company seeks to expand its presence in China's fast-growing market. Matthew Mecke, CEO of Sino Payments, Inc., proclaimed, "We are both confident that today's decision to investigate the merger of these two organizations provides momentum for a major step forward in the evolution of intelligent devices and the world of retail technology. SNPY has enjoyed a long and successful relationship with VEI's related company TAP and such a merger with VEI will help SNPY's continuous transformation into a prime IT solutions provider in the Asia Pacific and Greater China region. Partnering with VEI will only enhance our ability to provide top quality services to our current and future customers." Kenneth Tan, CEO of TAP Group and VEI, stated, "We are constantly looking for opportunities to enhance our developments, boost our product portfolio's marketability and improve our competitive landscape. The merger between SNPY and VEI will consolidate a best-in-class payments processing service provider with an experienced management team and the pioneer in mobile Stored Value Card solution to create an even more direct link to their talented workforce. We believe combining the resources and capabilities of each foundation into a unified organization will provide significant benefits to both end users and suppliers." VEI's impressive client list includes some of the largest and most well-known Asian retail merchants. These include: Sa Sa International Holdings Limited (HKSAR) - Asia's leading cosmetics company principally engaged in the retailing and wholesaling of cosmetic products, The Company operates in two segments: retail segment, engaged in the operation of cosmetics specialty stores, which offer a variety of products from over 600 beauty brands, covering a wide of products from skin care, fragrance, make-up, body care and hair care to health foods, and brand management segment, engaged in the management of over 100 beauty brands. German Pool Ltd (HKSAR) - Home appliance retail giant specialized in the manufacturing, distribution and marketing of an impressive inventory of high-quality domestic appliances and applications for over 30 years, operating from more than 700 retail outlets and major department stores in Hong Kong with a direct presence in the USA, Canada, UK, Germany and the People's Republic of China. Robinsons Retail Group (Philippines) - Philippine retail conglomerate with over 600 multi-format retail outlets across the country
Sino Payments Merged Group Announces Forecast Financial Results The Merged SNPY Group Is Expecting Positive Financial Results in Their Latest Forecast for 2013 Marketwired Sino Payments, Inc. October 23, 2013 9:15 AM HONG KONG, CHINA--(Marketwired - Oct 23, 2013) - Sino Payments, Inc. (OTC Pink: SNPY) (http://www.sinopayments.com/) a technology company providing proprietary IP transactions processing services to the retail industry, is pleased to announce its first quarter financial forecast following the merger with TAP Investments Group in April this year. Following the completion of the merger, TAP Group's financial results were consolidated into the merged company from April 2013. Financial Forecast Highlights, 2013 Revenues of unaudited post-merger group is expected to reach USD2.18 million for the period of April to December 2013; a 15% increase over the same period in 2012 (USD1.89 Million). Net profit margin of post-merger group will be at 11% -- a substantial increase over that of 2012 at 0.1%. These improved results are mainly due to a stable increase in revenue arising from maintenance services and IT solution projects completed this year. The combined group will operate a broad and highly diversified portfolio of successful businesses and brands across multiple geographies with a strong focus on the Greater China and Asia-Pacific region, offering POS Maintenance and System upgrading services and value-added tools to enhance the functionality of the conventional POS system for their customers. Matthew Mecke, CEO of Sino Payments, Inc. proclaimed, "The merger enhances both companies' abilities to ensure strong shareholder value, provide exceptional customer service and deliver affordable and reliable technology services in the face of current high levels of economic, regulatory, and industry change. With our combined size, shared cultures and financial strength, our combined organization will be uniquely positioned to deliver value for our associates, customers, communities and shareholders. I believe that the overall future looks very bright." Kenneth Tan, CEO of TAP Group continued, "Two highly successful and profitable institutions are joining forces to create a more diversified and international company. We are pleased to have reached this agreement with SNPY, a company that shares TAP's vision for innovation on behalf of retailers. This transaction is an important affirmation of the meaningful value our employees have created, and we look forward to rewarding our stockholders with an immediate and attractive premium. I look forward to bringing the talented people of SNPY and TAP together as we continue to fulfill our commitment to unlocking the potential of robust technology services for retailers who wish to stay ahead of the game." TAP Group's impressive client list includes some of the largest and most well-known Asian retail merchants. Milestones include: The Government of the Hong Kong Special Administrative Region (HKSAR) - TAP appointed vendor and service provider for the upgrade of the Cash Receipting System for a government body. A.S. Watson Group (HKSAR) - Serviced the world's largest health and beauty group operating in over 10,000 stores in more than 37 countries; serving over 26 million customers per week. SOGO Department Stores (HKSAR) - Provided services to one of Hong Kong's largest and most prestigious department stores PCCW (HKSAR) - Served the largest telecom service provider and electronic retail chains in HKSAR CTM (MSAR) - Worked closely with the largest and only full telecom service provider in Macau Robinsons Retail Group (Philippines) - Provided services to Philippine retail conglomerate with over 600 multi-format retail outlets across the country
Sino Payments Subsidiary Signs USD 2 Million New Service Contract Zhao Heng Information Technology (Shanghai) Co. Ltd (ZHITSCL) Signs Contract to Provide Services to the World's Largest Health and Beauty Retailer in the People's Republic of China (PRC) Marketwired SHANGHAI, CHINA--(Marketwired - Jan 21, 2014) - Sino Payments, Inc. (OTC Pink: SNPY), a technology company providing IT solutions primarily in the retail industry, today announced that the operating arm of its wholly owned subsidiary in the PRC, ZHITSCL, with its strategic partners, has signed a contract with the world's largest health and beauty retailer. The one-year contract details the provision of Helpdesk, Software Maintenance, Hardware Maintenance, New Store Opening and Install-Move-Addition-Change services to its 1,700+ retail outlets in the PRC and will end on 31st December 2014. Kenneth TAN, CEO of Sino Payments Group, proclaimed, "We are excited to announce the signing of this large project by one of our operating subsidiaries in the PRC. As the market in China continues to evolve, the retailer is looking to open two new stores per day in 2014. In order to accommodate this growth size, TAP is committed to providing greater standardization and visibility across the customer's store networks. TAP Group benefits from extensive experience and strong foothold in the Asian and particularly Greater China retail market. Projects such as these demonstrate our ability to provide tailored technology solutions and dedicated on-the-ground support services to our customers."
Value Exchange International Ltd, a Retail Technology Company, Has Signed an Agreement With One of Asia's Largest Retail Companies for the Implementation of Their Proprietary Mobile Loyalty Software Solution Marketwired Sino Payments, Inc. June 10, 2014 9:30 AM HONG KONG, CHINA--(Marketwired - Jun 10, 2014) - Value Exchange International Limited (VEI), a leading technology company incorporated in Hong Kong, providing innovative digital technology solutions primarily for the retail industry, is pleased to announce they have signed a multi-year Blanket Purchase Agreement (BPA) with a leading Asian retail conglomerate for the implementation of their flagship Software-as-a-Service (SaaS) based mobile loyalty solution. The software is expected to service over 1,000 outlets of the leading retailer in the Hong Kong (SAR) region, which are operated and franchised under some of the world's leading international retail brands. This is the first move before eventually expanding to other associated brands and to the Greater China and the Asia-Pacific market. Under the terms of the BPA, the services will launch in October 2014 and cover a two-year period, with term of renewal for another one year. The current agreement value of US$ 350,000 is expected to exceed US$ 5.6 million in returns if deployed at the aforementioned brand partners. VEI's proprietary mobile Stored Value Card (mSVC) solution is an omnichannel mobile loyalty solution designed to help merchants tailor their business in countless ways to reinforce their brand image and philosophy, streamline core business processes, and enable customer-friendly policies. Offered through a SaaS architecture, the solution is easy to deploy and maintain. It further allows the integration of point-of-sale data with data gathered from mobile interactions to provide a more enhanced and valuable inventory of data that the VEI expects will be of great interest to clients, advertisers and brands. This implementation aims to connect the leading retail conglomerate and its partners to its customers. This latest development symbolizes a key milestone for VEI following the earlier announcement of another strategic partnership with US listed payments processing company, Sino Payments Inc. (OTC Pink: SNPY) (PINKSHEETS: SNPY). With these two new developments, VEI is poised to become a worldwide leader in digital technology services among retailers. SNPY has a strong customer base in the Point-of-Sale (POS) in the region. The merger of SNPY and VEI will add new value to the SNPY Group's retail solution offerings by enhancing the functionality of the overall retail business model. By integrating VEI's expertise in mSVC and digital technology to the SNPY Group's existing portfolio, this merger offers significant potential to harmonize the operations of all related entities. Furthermore, this new contract would not only contribute to the SNPY Group's business revenue but also to its organizational growth in the ever-evolving digital technology industry. Kenneth Tan, CEO of VEI, proclaimed, "This deal will be a complete game changer for our mobile marketing company and an evolution in the overall checkout process. With mSVC and the use of digital rewards, we help brands and retailers track customer behavior, enabling them to deliver personalized offers to boost traffic and increase sales. We are confident mSVC will revolutionize the way uses mobile marketing and loyalty rewards for their business and act as an integral piece of their customer retention strategy." VEI's impressive client list includes some of the largest and most well-known Asian retail merchants. These include: Dairy Farm International Holdings Limited (HKSAR) - Dairy Farm is a leading pan-Asian retailer. At 30th June 2013, the Group and its associates and joint ventures operated over 5,700 outlets; employed over 97,000 people and had total annual sales in 2012 exceeding US$11 billion. The Group operates supermarkets, hypermarkets, convenience stores, health and beauty stores and home furnishings stores under well-known brands. The Group has a 50% interest in Maxim's, Hong Kong's leading restaurant chain. Dairy Farm International Holdings Limited is incorporated in Bermuda and has a premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Dairy Farm is a member of the Jardine Matheson Group. Sa Sa International Holdings Limited (HKSAR) - Asia's leading cosmetics company principally engaged in the retailing and wholesaling of cosmetic products, The Company operates in two segments: retail segment, engaged in the operation of cosmetics specialty stores, which offer a variety of products from over 600 beauty brands, covering a wide of products from skin care, fragrance, make-up, body care and hair care to health foods, and brand management segment, engaged in the management of over 100 beauty brands. German Pool Ltd (HKSAR) - Home appliance retail giant specialized in the manufacturing, distribution and marketing of an impressive inventory of high-quality domestic appliances and applications for over 30 years, operating from more than 700 retail outlets and major department stores in Hong Kong with a direct presence in the USA, Canada, UK, Germany and the People's Republic of China.
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