Innovative Payment Solutions Inc (IPSI)

[PennyStockTrader2]

IPSI to acquire BZWR in stock transaction

https://www.otcmarkets.com/filing/html?id=17306841&guid=Bcd-kq5omGj4B3h

According to filings, BZWR is doing 4.5 Million revenues per year avg up to last filed quarter and they are late with their 10-K and ensuring 10-Q, obviously IPSI wouldnt be interested unless they were sure they could afford and achieve profitability. This will be a nice addition to their existing Fintech initiatives. And it mentions "Company’s IPSIPay ExpressTM products (Instant-Settlement in RealTime™) and potentially other product offering, wonder what that could be ? And it mentions "to provide traditional credit card processing services initially focused on the fast-growing online gaming and entertainment sector" so they are going after the traditional processing in addition to Instant Settlement. Lot more than meets the eye.

Continued financing includes the .345/share offers that they have had out there for a while.