Oxford Annual General Meeting Updateadmin
Oxford Annual General Meeting Update
Toronto, Ontario CANADA, November 06, 2013 /FSC/ – Oxford Investment Holdings Inc. (OTCQB: OXIHF)
At its annual general meeting held on October 25, 2013, Oxford Investments Holdings Inc. shareholders voted to increase the size of the Company’s Board of Directors from one to two members and received an update on the Company’s credit card processing activities in China. While processing revenue levels were maintained throughout most of 2012 and the early part of 2013, the credibility achieved with its Chinese banks resulted in the Company acquiring more Merchant Identifiers (MIDs) with major credit card issuers, which enables the Company to pursue merchants more aggressively. Transaction processing was derived mainly as a result of Oxford’s efforts in executing credit card acquiring channels throughout the world. The Company continues its efforts to pursue transactional processing gateway software license agreements with channel partners.
In recent months the Company’s strategic partnership integrated an e-Wallet transactional gateway with our newest processor. Implementing the wallet will allow the Company to continue to bring acquiring banks and partners to its channels, and provides both the merchants and banks with a more efficient and cost-effective payments processing solution. Due to several new processors coming on stream, processing operations in China were reorganized during August and September 2013 to better support the expected increase in transaction volume.
“Now that we are integrated with multiple processors, we expect our revenues should increase significantly over the next fiscal year” stated Michael Donaghy, President of Oxford.
About Oxford Investments Holdings Inc.
Oxford Investments Holdings Inc. is establishing itself as a leading payment solutions provider. The Company offers a range of electronic payments processing products, including customized pre-paid and re-loadable card programs, mobile payments solutions, and merchant services to the E-commerce industry. In addition, Oxford TPS offers customized, managed-services transaction processing solutions to corporations. Oxford, through its partner, Koho Group, has also established relationships in the Chinese financial and electronic payments industries.
FORWARD LOOKING STATEMENTS DISCLAIMER:
Statements in this press release, which are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company’s financial condition and prospects, legal risks associated with product liability and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on suppliers, risks relating to international operations, risks associated with competition and other risks detailed in the Company’s filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the Company’s current strategy or product offerings.
Oxford Investments Holdings Inc.
Michael Donaghy 1-800-293-4871
Oxford Investments Holdings Inc.
1315 Lawrence Avenue East
Toronto, Ontario M3A 3R3
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Source: Oxford Investment Holdings Inc. (OXIHF – OTCBB) http://www.oxsof.com
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Posted: November 6th, 2013 under FSCWIRE.