TechTrex Receives Certification For The Canadian Marketplace For It's PrimeTrex (POS) Terminal From Secure Payment Systems / EFT Canada
Toronto, ON (August 8, 2006) TechTrex Inc. announced today that it has received Class A certification of Secure Payment Systems' Gift and Loyalty Card Processing for it's PrimeTrex POS terminal for the Canadian marketplace. U.S. based Secure Payment Systems and EFT Canada (TSX-V: EFT), a publicly traded company based in Toronto, Ontario, have entered into a strategic partnership as "Secure EFT" to fast track a low-cost gift and loyalty processing solution for a burgeoning Canadian market.
PrimeTrex is a high-performance and low-cost desktop terminal, featuring the fastest thermal graphics printer in the industry (prints 22+ lines per second), a large 128 x 64 graphical display, high-quality clear plastic backlit keys for dependability, and a 14.4 kbps modem for lightning fast settlements and downloads. PrimeTrex provides a cost-effective, yet powerful, processing platform for merchants requiring quality without compromise. PrimeTrex is the Industry's most cost-effective terminal.
Daniel Kim, Canadian Vice President of Sales of TechTrex, Inc. stated, "TechTrex is very excited to partner with such a strong and respected combination as Secure Payment Systems / EFT Canada".
"We are extremely pleased to have certified the PrimeTrex platform for our Canadian gift and loyalty card processing", commented Jonathan Pasternak, CEO of EFT Canada. "Additionally, we believe that the absence of a low cost competitor in Canada has fostered a series of expensive solutions that we intend to quickly exploit via our independent sales channels" . Further, Linden (Lin) Fellerman, founder and CEO of Secure Payment Systems commented, "With its attractive price point, small footprint, and ease of use, this device will enable all North American merchants and service providers to easily compete with the larger retailers".
About EFT Canada Founded in 2003, EFT Canada Inc. is a financial processing company that offers a complete solution to the collection and payment processing needs of small and medium sized business merchants, banks, credit unions, and other financial firms in Canada and the United States. The Company develops, maintains and delivers innovative electronic transaction processing technologies, such as customized electronic payment and collection processing solutions and gift and loyalty card services, by drawing on its operational and applications expertise. For more information, please visit www.eftcanada.com.
About Secure Payment Systems, Inc.
Secure Payment Systems, Inc. was founded in 1996 by Linden (Lin) Fellerman, former 20 year employee and 10 year President of the Telecredit / Equifax Check Services subsidiaries. With over 30 years of entrepreneurial achievement in transaction processing and risk management systems, Lin fosters a hands-on management philosophy resulting in what may arguably be the lowest merchant attrition rate in the industry. He attributes this success to unprecedented customer service levels that begin and end with a philosophy that empowers sales agents and employees while rewarding and encouraging unusual attention to detail. For more information, please visit www.securepaymentsystems.com
About TechTrex Inc.
TechTrex provides unique cost-effective hardware solutions exclusively for the card payments industry. Recent product introductions focus on IP-enabling technologies as well as very powerful low-cost payment terminals. TechTrex leverages international development and manufacturing capabilities to deliver solutions faster, and at a much lower price point than current competitors. TechTrex Inc. has offices in the US, Canada, Japan, China and Korea. www.TechTrex.com
Any statements contained in this press release that do not describe historical facts may constitute forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.