Dutch Gold Resources Inc. (fka DGRI)

[msj2389]

Lawdog found some DD regarding MJ industry payment processing which is very promising.

http://www.c4eversystems.com

This company is using a license from another payment processing company that is ready to explode and has multiple government contracts in payment processing.

This technology is called SAFE here is some excerpts

" Company will license a new technology called SAFE (Secure Automation of Financial Events) for use in the private sector marketplace. The Company is currently in discussions with various commercial licensees that wish to deploy SAFE in various markets"

"With the introduction of SAFE, the Company's proprietary technology, which is currently deployed in over fifty government agencies and municipal jurisdictions nationally, has been adapted to provide transactional support, accounting, age and identity verification, and reporting for a wide variety of commercial applications."

"SAFE allows for a variety of commercial enterprises to automate their on-site payments, deploy proprietary work flow and reduce transactional risk and fraud. Potential markets include collection of donations by charities and churches, collections of patient payments by hospitals, food and beverage purchases at sporting events and concerts, layaway payments at department stores and prepaid tabs at hospitality locations that serve wine and spirits where cash loss from the consumer to the cash register has been a historic concern. Additionally, tobacco sale locations that have suffered similar deficiencies can also be serviced while using real-time tools to verify age or identity as appropriate.

SAFE can also deliver unparalleled "Safety and Soundness" for transactions that require an additional layer of identity verification, transactional awareness or payment automation when compared to traditional POS (Point of Sale) systems. Importantly, for retail industries that are compelled to report to the State for taxation and other regulatory purposes, SAFE can be configured to provide necessary accounting and other pertinent data to the State or other agency, thus reducing the risk of fines, penalties, and suspensions."

This is a promising company and it shows how much work DGRI has ahead of them, im glad they are moving forward but this market already has prominent competitors. The company that has launched this technology is general payment systems inc. GP$I.

Good luck