Blue Water Ventures Intl Inc (OTC:BWVI)

Sunday, May 20, 2012 | Web News
On May 10, 2012, the Company entered into an asset sale agreement (the “Asset Sale Agreement”) with Liu Shi Neng...
Sunday, May 20, 2012 | Web News
On May 10, 2012 SmartPay Express, Inc. (the “company”) entered into an Asset Purchase Agreement (the &#...
Wednesday, January 18, 2012 | Web News
SmartPay Express, Inc. (the “Company” or “SmartPay”) was notified by the firm of Mazars...
See All Research...

Foshan is principally engaged in providing smart card payment systems and related value-added services through the operation of the AIOMS Card. Each AIOMS card has a built-in microchip containing an Electron S&T purse and other applications which can accurately record the holder’s transactions details. The government issues unique operating licenses of the all-in-one municipal cards for the operator of each major city. Based on the current operating license of the AIOMS card in the city of Foshan, Foshan aims to build a clearance payment and management system for the AIOMS cards as well as to offer value added services including the fixed and mobile information channels. Foshan generates revenue from merchant discounts offering; prepaid card fees; and interest on stored value of the AIOMS cards. The AIOMS cards consist of 5 major operating areas of products and services, they include: · Government services: offer payment services of social security; medical; government reimbursement and transfer for applicable government services; · Municipal utilities services: offer payment services of public transportation; library and cultural facilities; and other public services; · E-money services: offer petty Electron S&T payment services for expenditures in merchant stores; fast food stores; and other available member merchants; · Data providing services: offer database of services and consumption patterns of users for analyzing effective consumer behaviors; offer information distribution services such as SMS; email; website information to targeted users according to businesses and institutions’ preferences. · Value-added services: offer specific services such as employee cards which allow internal wage settlement, shopping payment and remote remittance; student cards which stores student academic results as well as government subsidized assistances; and sales agent which includes prepaid phone cards, game cards, and lottery tickets.

Reverse Merger Filing

Last updated January 4, 2012


Market Data powered by QuoteMedia. Terms of Use