Emida and Q Comm Complete Merger
Salt Lake City and Foothill Ranch, Calif., July 3, 2007 ? Emida Technologies, Inc. and Q Comm International, Inc. today announced they have completed their merger creating one of the largest providers in the prepaid industry. The merger agreement between Emida and Q Comm was announced on May 30, 2007.
The combination creates the leading international prepaid and payment network with an extensive presence in key regions of the Americas and the Caribbean. The merger results in a retail network of more than 21,000 prepaid points of sale in retail locations in 21 countries worldwide. They have a combined annual dollar payment volume in excess of $456 million, processing more than 34 million prepaid transactions annually. The new company will provide an extensive product portfolio for prepaid wireless, calling cards and financial services for all customers.
Emida is a leader in the global prepayment and value transfer market, operating in 21 countries in North, Central, and South America, the Caribbean and the Middle East. Emida?s processing platform and value-transfer technologies allow domestic and international carriers and distributors to offer many types of prepaid products, including prepaid wireless, long distance, lottery and stored value. The company?s strategy is to build profitable, robust distribution networks for many prepaid products in multiple operating geographies and to introduce unique cross-border value transfer products between these geographies. For more information, please visit the company web site at www.emida.net or email email@example.com.