Ealixir Inc (EAXR)

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News on Brankib website from two days ago:-

Share Purchase Agreement:-

Brankib Holdings Pty. Ltd., an Australian business investing in domestic and
international card issuing programs with banks and other financial institutions and
worldwide electronic payment processing businesses, is pleased to announce
that it has executed a Share Purchase Agreement with Flint Telecom Group Inc.
[FLTT] successfully acquiring the balance of shares in the processing business
Power 2Process and the card program businesses of Ingedigit International Inc and
Connect2Family USA Inc. All three companies are now wholly-owned subsidiaries of
Brankib.

‘We were attracted to these businesses during 2011 and began investing in them.
The international reception and desire to use their products and services is so
extraordinary and widespread we exercised our option and acquired full ownership in
these three companies. The investment in Power2Process not only allows us to be
fully integrated to issue cards, process transactions and manage our programs it also
allows us to expand these businesses in the U.S., Mexico and Latin America and into
new markets –particularly in India, Vietnam and other Asian countries where we have
already established a presence’ said Jef Rowlison COO of Brankib Holdings.
‘We have a strong working relationship with the management teams from their
support of our card programs and developed an appreciation of their operational
and technical abilities. The unique proprietary applications that Power2Process has
developed such as bank customer-to-bank customer international money transfer
and the global network of participating banks is world leading’ said Rowlison.
Power2Process becomes the central hub in a network of business catering to banks
and financial services business whose customers want prepaid cards and the
applications that support them.
Brankib is focused on the high growth sector of the financial services market -
customers who need or want an alternative to the reliance of credit type products and
traditional bank accounts, both of which have become extremely expensive to keep
and use. These customers also require the convenience of using these scheme
cards for depositing funds, making retail purchases and getting cash at ATM. These
cards provide the highest level of security.
“To be successful in this space requires us to provide our clients with an end to
end solution, which includes both financial and added value services, not available
with traditional bank accounts and from credit cards, delivered at the highest level
of quality at low cost and designing products for multiple ethnic markets around the
world.
Power2Process has been there and done that and we look forward to providing them
the assistance to develop a truly global business” said Rowlison.
For further information please contact:
Jef Rowlison
COO Brankib Holdings
[phone]
[e-mail]