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Telpac Industries, Inc. Acquires Micro-Payment (P2P) Mobile Technology From NetMind, Inc. Entering Into a $1 Trillion Marketplace by 2015(April 12, 2012)
BEVERLY HILLS, CA -- (Marketwire) -- 04/13/12 -- Telpac Industries, Inc. (PINKSHEETS: TLPC) today announced the acquisition of NetMind Inc.'s micro-payment platform technology. David Teuma, CEO of Telpac Industries, notes that, "The acquisition of NetMind's micro-payment mobile platform allows us to quickly enter the global mobility market which is estimated to reach 1 Trillion worldwide by 2015."
The acquisition will propel the company into a position as a global market leader in the mobile payment space. "The platform will become a key part of Telpac's entry into the social media, massively multiplayer online game (MMOG), mobility and eCommerce industries," said David Teuma. Mr. Teuma also added, "Our proprietary micro-payment mobile platform meets the requirements of today's and tomorrow's explosive growth in the mobile payment space. We are positioning ourselves to accommodate the growth in the mobile payments marketplace and are aware this space is driven by consumer adoption through the delivery of convenience, reliability and new applications enabling commerce in the palm of our hands. With that being said, one of the key areas that consumers and merchants are always concerned, when adopting to new methods of payment revolves around the trust of their banking information and finances. Our proprietary payment system will enable and provide these key critical components and we are very pleased with this acquisition."
ABOUT TELPAC INDUSTRIES (TLPC)
At Telpac Industries, Inc. (PINKSHEETS: TLPC) we go beyond providing mobile solutions. In the time of core challenges of managing product development in unpredictable markets, Product Innovation is a boom to the mobility industry. Telpac Industries' targeted mobile social networks allows consumers with mobile devices -- or any Internet connected device -- to interact with other consumers who share their interest, age or location, and enables them to select, buy and use content, services and goods relating to the network. Telpac creates and monetises what mobile consumers see, what they consume, and what they experience on their devices. www.telpacindustriesinc.com.
"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995: Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks are to be included in filings with the Securities and Exchange Commission, all of which are to be available at www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise.
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