It was good to hear that those shares from brokerage based out of Belize are effectively frozen. US Government action has put the brokerage on ice. Ed expects resolution on the 280,000,000? in about 4-5 months.
Sionic established merchant relationships up to Sionic and especially their merchants how to market themselves.
Scottsdale 900,000,000 up to the courts to decide. If we win huge monies coming our way however realistically Ed sees settlement happening and probably prefers this since court date would be in 2016 at earliest.
Number of companies signed but who are not announced and not yet LIVE
Itonis Face to Face meeting one month ago GP app not delivered yet bank regulatory changes. More due diligence needed w banks. Money transmission model a bit on backburner for moment back to PROCESSING!
Money transmitter licenses in the works
Itonis about 60 days from LIVE
Some customers are processing now--more SOON
Bank of America and Chase relationsips for years
Smaller clients bank Omnibus
Large merchants B of A
Open to new technology
In-place announcement very soon waiting on LIVE more than 1 Bank
Ed's hoping very much on this month (April 2015)
5,000,000 LOC in-place as needed
minor short fall 1st quarter
adjustments to expense side
almost cash flow neutral
new funding deal in the wings
Get out of TCA in July--use stock to get out
Seergate finalized? Integration close to 100%
Closing on acquisition SG due diligence on their end ongoing
wait to close
.03 better deal Hint-Hint
New Customer significant closing of deal worth cost of acquiring SG
Market NEEDs MYEC
Acquisitions
Simplifile Additional growth and revenue streams possible
new partnerships in pipeline
'Don't reinvent the wheel'
ISO 30,000 merchants merchant POS
Circumvent interchange fees .25 or even less
faster and more secure
Resellers
21st century versus 1970s despite any amount of enhancements
MYEC = NEW RAILS
GP relationships and partners already in industry
Yes director's insurance expand board of directors independent board of directors
Payroll companies per se as question worded NO
AGM yes
Maui or Vegas waiting on mobile app for true marketing push
Leverage establish merchant accounts and processors
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