FORT LAUDERDALE, Fla., and ZURICH, Switzerland, Oct. 6 /PRNewswire-HISPANIC PR WIRE/ — Paymotech SA announced today that it has commenced trading on the Frankfurt Stock Exchange Open Market under the trading symbol: 4PA. The Company partnered with 886 AG a prominent Listing Partner and Specialist Firm. The Frankfurt Stock Exchange is one of the biggest and most efficient exchanges in the world, making it the perfect choice as a trading platform for Paymotech SA.
Company CEO Michel Poignant commented, “Telecommunication, money transfer and online payment solutions for people with no conventional banking access, promises to be, over the next ten years, the venture of choice for businesses and entrepreneurs alike.”
The Paymotech Group offers a comprehensive line of telecommunications and payment products and services, featuring proprietary technology. These solutions are offered worldwide in both emerging and developed consumer and business markets. The products offer global mobile roaming, money transfer services and long distance and international calling solutions with great ease of use at a highly competitive price. Mr. Poignant further noted, “Our rapid development phase has begun and the Company has made inroads on every continent to meet the inherent growing demand for our products and services. We believe this approach will be a sure win for the Paymotech Group as it establishes the necessary basis to promote stability and profitability, conditions that appeal to all investors.”
Paymotech SA is the parent company of Pay Mobile Technologies Inc., a global developer and marketer of next generation telecommunications and payment gateways. Yackie Telecom Inc. is a subsidiary of Pay Mobile Technologies Inc., currently marketing YackieMax and Yackie Mobile its latest innovations on roaming and international communications. Pay Mobile Technologies, through its various international subsidiaries, is an innovator in many advanced forms of Internet, mobile and point of sale (POS) transactions, including but not limited to international as well as domestic money transfers and payments.
This press release contains forward-looking statement as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of management and are subject to a number of risk factors and uncertainties that could cause actual performance results to differ materially from those described herein.