Oxford will own fifty percent (50%) of Serenity Investment Holdings Corp, a British Virgin Islands corporation established for the joint-venture. Serenity will hold the source codes and intellectual property for the technologies utilized by the joint-venture. Serenity will also implement and administer Oxford's various electronic payment card solutions, which include direct-banking, direct-debit, payroll, stored-value, and loyalty card programs. Through owning the Payment Processing and E-Wallet technology, Oxford expects to generate revenues by providing turn-key payment processing solutions to financial institutions and any other organizations that require electronic payment capabilities and by managing those solutions for them.

"This development represents a key component in our growth strategy", stated Michael Donaghy, President and Chief Executive Officer of Oxford Investments Holdings Inc. "Having the technology in-house will enable Oxford to aggressively pursue and respond to opportunities without the need to depend on third-party providers."