HDX to Acquire Cash N Go Ltd.
HDX is listed on the TSX under the symbol HDX.
Cash N Go, established in 1998, operates a network of approximately 1,200 ATM's throughout
With twenty six employees, Cash N Go focuses its ATM distribution at premium locations throughout
The combined historical annual revenue of Cash N Go and HDX is approximately
"The agreement with Cash N Go is a major development for HDX," says
"This is a timely and strategic move for the Cash N Go team," says
The parties have agreed to negotiate a definitive agreement exclusively with each other and the transaction is expected to close on
About HDX
Hosted Data Transaction Solutions Inc. is in the business of managing merchant transactions with consumers and facilitating payment. HDX develops and deploys touch screen POS (point of sale) system software and associated enterprise management tools and has developed and deployed numerous POS applications. HDX also provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services.
HDX's leading edge technology also includes customer self serve kiosks and "line buster" mobile point of sale terminals. These products have been designed to dramatically enhance customer throughput and drastically reduce customer queues. These technologies are especially effective in high foot traffic environments that have limited cash register counter space, limited retail square footage, and the absence of a drive through.
HDX pioneered an "instead of cash"(R) electronic based payment facilitation service. The Dexit(R) Service can be private branded for a specific merchant and enables customers to pay for items quickly and conveniently with the tap of a RFID (radio frequency identification) tag linked to a pre-paid account. This Dexit Service payment solution is especially well suited for corporate and institutional cafeteria environments where hundreds of customers purchase and pay for meals in compressed periods throughout the business day.
(R) Registered trade-mark of Hosted Data Transaction Solutions Inc.
To find out more about Hosted Data Transaction Solutions Inc., visit our website at www.HDXsolutions.com and www.dexit.com.
To find out more about Cash N Go, visit www.cashngo.com
For further information: Paul Howell, President/CEO, Hosted Data Transaction Solutions Inc., Phone: (416) 703-6462, extension 2263, Email: [email protected]
Share this article