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Comepay, Inc. (CMPY) RSS Feed

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https://comepaygroup.com/

Crypto Currency Payment Prossecing at Point-of-Sale

KACCATKA

"Smart POS & Blockchain Acquiring"

“Cassatka” in order to help businesses comply with newly released Russian taxation legislation 

The companies are currently focusing their planned business expansion on the smart POS fiscal cash register system called “Cassatka” in order to help businesses comply with newly released Russian taxation legislation, 54-FZ which requires 1.2 million businesses in fiscal 2018, and a further 1.4 million businesses in fiscal 2019 to install new, federally compliant on-line cash registers. The Cassatka, Comepay’s multifunctional smart POS online fiscal cash register can process payments and meet fiscal data storage requirements for participating businesses. It is a convenient and cost competitive solution for businesses to meet the new federal taxation requirements in Russia, and is currently being manufactured for distribution prior to June 2018


 

About Comepay 

The Comepay group of companies including Comepay, RP Systems, M-NN LLC and Chek-online have been operating for over 11 years providing internet acquiring services and support, facilitating instant payments and internet based payment transactions via kiosks, mobile interfaces and web-based applications such as electronic wallets. The Company also leases and sells cash registers and POS systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system. Combining proprietary software and equipment,
Comepay processes over 10 million customer payments per month and presently has more than 22,000 kiosks across Russia. The companies are currently focusing their planned business expansion on the smart POS fiscal cash register system called “Cassatka” in order to help businesses comply with newly released Russian taxation legislation, 54-FZ which requires 1.2 million businesses in fiscal 2018, and a further 1.4 million businesses in fiscal 2019 to install new, federally compliant on-line cash registers. The Cassatka, Comepay’s multifunctional smart POS online fiscal cash register can process payments and meet fiscal data storage requirements for participating businesses. It is a convenient and cost competitive solution for businesses to meet the new federal taxation requirements in Russia, and is currently being manufactured for distribution prior to June 2018. As the companies expand their business model, we expect to offer blockchain acquiring services and also to accept payments in multiple crypto currencies on the Cassatka. The Comepay group of companies presently earn revenue from a variety of channels including fee based commissions on payment processing for both cash and debit card payments, software licensing, kiosk placement fees and other rental fees for cash registers and associated equipment. With revenues of approximately US$22million ($1.234Bn Rubles) in fiscal 2017, the Comepay companies are looking to expand rapidly in fiscal 2018 and beyond as we introduce and market the Cassatka along with a suite of enhanced user features. www.comepaygroup.com , www.comepay.ru , www.kassatka.me , www.chekonline.ru , www.starrys.ru





Great Rock Development Corp has a new owner with plans to enter the payment processing sector

Upon the appointment of Mr. Kaplan to the board of directors the Company also completed a change in control whereby Mr. Kaplan became the controlling shareholder having acquired 73,398,000 shares of common stock from various selling shareholders, including Mr. Wilkes and Ms. Gafter. Effective upon closing of the transactions, Mr. Kaplan holds 64.1% of the total issued and outstanding common stock as at the date of this report. Upon the completion of the aforementioned change in management and control the Company is moving to acquire an operating business in the payment processing sector.

Regarding the acquisition 

Presently the Company is negotiating with various third parties to acquire their controlling interest in a company based in Moscow, Russia, which operates proprietary payment processing software, payment kiosk location rentals, and has recently completed the development of a new hand held unit for payment processing to make available to vendors across the country incorporating the requirements of recent government legislation to process and record customer payments. The Company intends to enter into a formal Letter of Intent with the target no later than December 31, 2017.
Upon entry into a formal letter of intent and subsequent acquisition of the targeted operating entities, the Company expects to operate from expanded offices in the U.S. and from both Rostov and Moscow, Russia where the targeted subsidiaries are currently operating. 


The new owner means business 

On October 15th, 2017 the Company entered into a consulting agreement with SD Mitchell & Associates PLC for provision of certain legal and corporate services. The term of the agreement is for a period of one year commencing November 1, 2017 at a rate of $2,500 per month

Subsequent to the change in control the Company's controlling shareholder has advanced a total of $20,862 to meet operating expenses including legal fees, transfer agent fees, and certain other operational overhead. 



Share Structure

  Authorized Shares 750,000,000 a/o Nov 30, 2017
  Outstanding Shares 114,450,259 a/o Nov 30, 2017
  -Restricted Not Available
  -Unrestricted Not Available
  Held at DTC Not Available
  Float 37,190,108 a/o Sep 23, 2015
 
GROC Filings
http://www.otcmarkets.com/stock/GROC/filings
 

 



 
 
 

 

 

 

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