Global Pay Solutions buys Distributed Power

Source: Global Pay Solutions

Global Pay Solutions, announced today that it has completed its acquisition of Distributed Power (Other OTC:DPWI.PK).

The new company will be called Global Pay Solutions, Inc. and the companies core business will be in the Stored Value products vertical. The New Company will promote and sell its proprietary Stored Value product line in the United States, South America, Asia and the Pacific Rim.

Global Pay Solutions has completed its name change with the State of Delaware and has filed for a new stock symbol and CUSIP number.

Global Pay Solutions Inc. will maintain its headquarters in San Diego, Ca. Field offices will also be added in Houston, Texas and Atlanta, Georgia.

"This has all been a long time in coming to fruition," stated Randy Hines, Chairman and Chief Executive Officer, "however, the waiting period has allowed us to sharpen our marketing programs and refine our client lists in anticipation of the TRIO Card introduction and Launch. The company's sole focus will be on the Stored Value product line and delivery of these products to our customers."

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