Asia Payment Systems on track after first half

Source: Asia Payment Systems

Asia Payment Systems, Inc. (Asia Pay) (BULLETIN BOARD: APYM) today announced that during the first six months of operations, the company's card-processing systems processed more than 150,000 transactions.

The company's systems processed a total dollar volume surpassing $35 million (USD) in the same six month period.

Matt Mecke, President and CEO of Asia Pay, stated, "In the six months since we first deployed in December 2004, we've consistently and predictably grown in dollar volume and number of transactions. Demand is strong in our markets of interest, and we are pleased with the robustness, reliability, and scalability of our proprietary system. Asia Pay's systems can handle volumes and numbers of transactions that are orders of magnitude greater than what we're handling operationally at this point. With our strategic partners and clients in China and Japan, we continue the deployment process in new markets.

"With our business partners in China and Japan, we anticipate significant growth opportunities in major emerging markets in the months and years ahead. The results of our first six months of operations establish a benchmark for measuring future growth. We're operating according to plan, as we prepare to scale-up operations in response to increasing market demand."

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