Telpac Industries Inc (fka TLPC)

[Penny Loafer]

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Telpac Industries, Inc. Enters the $400 Billion Money Remittance Market With Its Payment Processing SystemFont size: A | A | A9:17 AM ET 10/25/12 | GlobeNewswire

Telpac Industries, Inc. (Pink Sheets:TLPC) today announced that it is enhancing their payment platform technology for the international money remittance market. The money transfer industry sends funds between an individual to family members in the United States and other countries. David Teuma, CEO of Telpac Industries states, "The growth of the international money remittance market presents an opportunity for Telpac to utilize our intellectual property as a system to process money remittance transactions. The market size of this industry will exceed $400 billion in 2013 and we are positioning ourselves as a processor for this segment." Telpac is currently developing a project targeting the Asia Pacific region.

Telpac acquired its payment processing platform in April 2012. This multi-million dollar software platform provides for customized financial payment solutions for Internet, mobile, stored value, and micro-payment applications. Transactions within the system include ACH, Mobile Wallet, P2P, Virtual and Card Based Programs.