Oxford Investments Holdings (OXIHF)

[nugettie]

Oxford Generating Revenues (first news in years!!!)

TORONTO, Mar 31, 2011 (BUSINESS WIRE) -- Michael Donaghy, President of Oxford Investments Holdings Inc. (OXIHF 0.02, +0.00, +29.17%) is pleased to announce that the Company is generating revenue from its China operations. The Company had started card-processing operations last winter, but processing was put on hold for several months while China restructured the credit card processing industry as part of reforming its banking system. Non-compliant processors were closed down, institutions consolidated, and the Chinese Government implemented stringent regulatory controls over the industry. During this period, Oxford, through its Chinese network, established a commission-oriented strategy with two of China's largest processors, whereby Oxford directs customers to these processors and collects commission revenue.

The implementation period involved a four month trial that combined strict business volume controls with other risk management procedures, which were designed to establish Oxford's credibility as an operator. In late-November the volume restrictions were lifted, enabling the Company to acquire new MIDs (merchant identifiers) from the banks and add new customers. As a result, the Company is seeing a steady acceleration of revenue growth on a week-over-week basis.

Once milestone levels are achieved, the Company can apply through the Chinese processors for additional MIDs from the banks and add new customers. As each new customer is brought on board, the same risk management procedures are applied while the customer's transaction quality and charge-back levels are assessed, until volume restrictions can be removed. Even though this can be cumbersome, this process serves to better protect the bank, the processor, Oxford, and the customer, while establishing a high degree of comfort for all parties involved. This, however, helps to mitigate the inherent risks associated with transaction processing.

Oxford invites interested parties to visit its new Website at www.oxsof.com which has been updated to reflect its current business initiatives.

http://www.marketwatch.com/story/oxford-generating-revenues-2011-03-31