Source: Cardtrend International
Asia Payment Systems (Other OTC:APYM.PK) (the "Corporation") today announced that effective tomorrow (August 16) it will change its name to Cardtrend International Inc. (Other OTC:CDTR.PK).
The new name was approved at a Special Shareholders Meeting held in Hong Kong on July 17, 2007.
As a result of the name change the Corporation's stock symbol will change from APYM to CDTR. The Corporation's stock will continue to trade on the Pink Sheets.
KK Ng, President and CEO, commented, "The new name of Cardtrend more accurately represents our broader emphasis on the card and payments markets in China and across Asia. We are now involved in the issue of credit and pre-paid cards, loyalty reward products and payment systems in addition to our original services in payments processing. The Cardtrend name better describes our expansion into the higher value added segments of the card markets."
Over the coming weeks the Corporation will progressively apply the Cardtrend name to its subsidiaries which operate in various regional and national markets.