Freeport Capital Inc. (CNSX: FAS) Shareholder Update
08:30 EST Thursday, February 18, 2010
MONTREAL, QUEBEC--(Marketwire - Feb. 18, 2010) -
(NOT FOR US DISTRIBUTION)
Freeport Capital Inc. (CNSX:FAS), providers of Internet-based point-of-sale (POS) technology solutions for businesses and consumers worldwide, today issued a shareholder update.
"I am pleased to announce that we are currently developing strategic partnerships and distribution channels that will enable us to access untapped market segments," said Michael Tasillo, President, Freeport Capital. "We are focused on delivering credit/debit (POS) systems that make processing transactions considerably more affordable for merchants using laptops and other mobile devices, such as smart phones. By introducing mobility to transaction processing, we possess a major technology advantage in the POS market. Listing Freeport Capital on the CNSX was a critical first step in gaining exposure to institutional investors. Now with access to capital markets, we may fuel the rapid execution of our business plan," Mr. Tasillo added.
Freeport Capital is currently fulfilling a $1 million equity private placement. New shares are offered at the price of $0.25/share with a warrant attached of $0.40, on a one-for-one basis. $235,000.00 has already been raised through the sale of 940,000 shares.
About Freeport Capital Inc.
Freeport Capital Inc. (CNSX:FAS) provides innovative Internet-based point-of-sale (POS) technology solutions for businesses and consumers worldwide. For more information, please visit www.freeportcap.com.
AI
