Home > Boards > Free Zone > User's Groups > OTCDD (OTCDD)

MXDY -- NEWS on CHINA deal...

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
OldPro Member Profile
Followed By 46
Posts 3,729
Boards Moderated 4
Alias Born 07/09/03
160x600 placeholder
Top Company News of the Day
Intel Corp. is planning to publicly list shares in its Mobileye self-driving-car unit, according to people familiar with the matter, the latest move by Chief Executive Pat Gelsinger to revive the semiconductor giant's fortunes.
Merck Pausing Enrollment for Two Trials of Oral Islatravir
Congressman Devin G. Nunes to Join Trump Media & Technology Group as CEO
BlueScope Steel, Shell Sign MoU to Develop Hydrogen Projects at Port Kembla
Soybeans Fall on Inflation Concerns -- Daily Grain Highlights
Southern Co. on Track for Largest Percent Increase Since November 2020 -- Data Talk
Front Month Nymex Natural Gas Fell 11.50% to Settle at $3.6570 -- Data Talk
Front Month Nymex RBOB Gasoline Rose 4.63% to Settle at $2.0433 -- Data Talk
Stryker Corp. on Pace for Largest Percent Increase Since November 2020 -- Data Talk
Trade Deficit, Consumer Prices on Deck -- Data Week Ahead Update
Booking Holdings Up Nearly 8%, Best Performer in the Nasdaq 100 So Far Today -- Data Talk
Amgen on Pace for Largest Percent Increase Since November 2020 -- Data Talk
FTSE 100 Closed Up as Omicron Fears Start to Subside
Volkswagen Boss Diess Set to Stay On, Reuters Reports
EURO STOXX 50 Index Ends 1.40% Higher at 4137.11 -- Data Talk
CAC 40 Index Ends 1.48% Higher at 6865.78 -- Data Talk
STOXX Europe 50 Index Ends 1.36% Higher at 3663.11 -- Data Talk
STOXX Europe 600 Index Ends 1.28% Higher at 468.71 -- Data Talk
FTSE 100 Index Ends 1.54% Higher at 7232.28 -- Data Talk
DAX Ends 1.39% Higher at 15380.79 -- Data Talk
Safran Enters Exclusive Talks to Buy Navigation Technology Company
Latvia Sells EUR600 Million in Debut Sustainability Bond
Grain Export Inspections Inch Lower
OldPro   Monday, 10/27/03 07:57:23 AM
Re: None
Post # of 12998 
MXDY -- NEWS on CHINA deal...

Maximum Dynamics, Inc. Obtains Exclusive License
Monday, October 27, 2003 07:38 AM ET Printer-friendly version

COLORADO SPRINGS, CO--(MARKET WIRE)--October 10, 2003-- Maximum Dynamics, Inc. (OTC BB: MXDY, news), a back office administration and technology company that supports the financial community, announced today that it has acquired the exclusive rights to distribute into the continent of Africa all financial and communications hardware and electronics solutions of Hong Kong based M.POS Holdings Limited (http://www.mpos.net). In addition, Maximum has the right of first refusal for the exclusive distribution rights into the United States and Mexico. As part of the agreement, Maximum has also acquired office space and sharing of human resources in Hong Kong and Beijing, China.

Maximum will distribute the products of M.POS in these territories and has agreed to commit IT resources to program the MPOS unit for banking certification in Africa and to manage the support for the product in Africa. Both companies have agreed to co-brand the names and identity of each other on their respective offices.

Derek Smith, the CTO of M.POS, was appointed to serve as the Director of Business Development, Asia for Maximum. Similarly, Maximum will appoint executives to serve in M.POS in the positions of Director of Business Development, Africa, North America, South America and the Middle East.

M.POS provides mobile commerce services and products in the People's Republic of China and Hong Kong. Their flagship product is the M.POS2002, which is a wireless point of sale (POS) terminal designed to allow merchants to accept payments by means of debit or credit cards in any location. The POS device is capable of processing magnetic cards or smart card payments in real time from any location. The terminal can also capture and transmit data for corporate applications, make voice calls and even offer fingerprint verification. It has messaging capabilities that include sending, receiving and printing short message services (SMS), sending and receiving email messages, and instant text messages.

As a result, merchants now are no longer constrained to the location of their telephone lines, nor the narrow services on offer from their traditional electronic funds transfer (EFT) POS terminals. This highly portable device is perfectly suited to drive payment acceptance, prepaid voucher sales, inventory tracking and a host of other applications.

Maximum obtained the rights and agreement in exchange for 1,000,000 shares of restricted stock of Maximum Dynamics. M.POS opted for stock instead of cash because they were impressed with the management of Maximum, the sizes and reputations of potential customers, and the distributors for MPOS products that Maximum already has.

"The device fits nicely into our product and service offering in the banking, supply chain management, mobile commerce and procurement industries," said Eric Majors, CEO of Maximum Dynamics, Inc. "From what we are experiencing, the demand for this product is extraordinary in Africa and many other countries where the ability to accept credit and debit cards from remote locations is a necessity that has not been adequately addressed. This product takes us directly into banks throughout Africa and lets us provide an immediate value add that is easy to understand. I feel very confident that our policy of taking time to build Maximum by doing things right, building relationships with very substantial partners, and acquiring substantial products is what really separates us from other companies."

The agreement with M.POS extends beyond the distribution of M.POS's products with the initial steps of an informal joint venture in the works. The two companies have agreed to share resources, cross-sell products and brand each other in their respective regions. "When we sat down to finalize this agreement, we realized the value added synergies that exist between us," added Majors. "With their relations in China, they are very interested in utilizing our capabilities and service offering to set up a broad-based back office service in China that is in line with our core offering. For example, we are already exploring an opportunity to provide administration for the management of hundreds of millions of dollars in commodities trading. Overall, this is an important step for all of us in terms of revenues in the pipeline, business development prospects and overall business growth."

About Maximum Dynamics, Inc.

Maximum Dynamics offers back office administration services using its flagship software Datalus, a web-based software solution. By using the company's service, customers can now have access to a program that provides a cost effective way to manage and administrate critical records and data while maintaining the strictest security and control. Management believes that its services offers customers lower overhead, automated computation and payment delivery systems, transaction tracking and security/control.

For more information about Maximum, visit the company's website at http://www.maximumdynamics.com.

About M.POS Holdings Limited Based in Hong Kong, M.POS Holdings Limited was established in 1998 to develop mobile commerce services and products. At the heart of these products is M.Gate, a transaction processing gateway which channels services between clients, such as MPOS terminals, mobile phones, PDA's, PC's and other terminal devices, as well as service hosts, such as banks, telecommunications companies and merchant systems. M.POS Holdings operates actively in the People's Republic of China and Hong Kong.

For more information about M.POS Holdings, visit the company's website at http://www.mpos.net.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences