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Re: eleniak post# 40400

Tuesday, 10/21/2014 12:43:22 PM

Tuesday, October 21, 2014 12:43:22 PM

Post# of 45504
The TRUST agreement gave them 5 million non-dilutable shares tHat were not affected by the R/S BY DEFINITION, plus per the filing an additional 7.5 million which I believe were also non dilutive. Now READING further it states the Now according to Ron, they did about 700,000 transactions in 2013. Per many posts here they are averaging $7.50 per transaction which @700,000 would yield $5,250,000 in GROSS REVENUE! Now 5% of that is $262,500. THAT'S A FACT JACK!

AND IF THAT AGREEMENT WAS MODIFIED IT SHOULD HAVE BEEN FILED WITH THE SEC ON AN 8K!





General Payment Systems Reports Another Increase in Quarter Over Quarter Transactional Volume

IRVINE, Calif., Jan 16, 2014 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company's transactional volume for the third quarter of 2013 is once again a record number, maintaining a trend of transactional growth. For the third quarter, the Company reported 177,794 transactions, the highest recorded total for any quarter in the Company's history.

Through the 177,794 transactions, the Company processed over $12.7 million in payments made to government entities. Depending upon the type of payment involved, the Company charged either a fixed-rate or percentage-based processing fee.

Historical transactional volume, in number of transactions is as follows:

2010: 238,339 transactions

2011: 399,261 transactions

2012: 526,366 transactions

Q1 2013: 172,262 transactions

Q2 2013: 176,117 transactions

Q3 2013: 177,794 transactions




Anything said by me is strictly my opinion and is subject to change without notice. I am not a financial planner or advisor.