taken from the 10q...which i find interesting
revenues should ramp up
best of luck to all,
boomer
ii) China Market
By the end of July 2007, Asia Payment Systems (China) Co. Ltd., the Company's wholly owned subsidiary in Shanghai, China, had completed the setting up of the processing center in the Science City in Guangzhou, China at a total cost of about $70,000, excluding the costs of software for the processing of credit cards, cash cards, debit cards, loyalty cards and prepaid top-up transactions, which is supplied and installed by Cardtrend Systems. As Asia Payment Systems
(China) is expecting to begin the processing of the loyalty-rewards cards to be launched by Global Uplink Communications Ltd. in Guangzhou by the end of October 2007 (a delay of one month from previously reported due to the delay in purchasing sufficient number of electronic terminals for card acceptance at the participating merchants), the Processing Business Unit in China Market did not record any revenue during this reporting period
