Oxford Investments Holdings Inc Enters into Letter of Intent with Webstar Internet Solutions, for Online Payments Platform.TORONTO -- Oxford Investments Holdings Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :OXIHF) is pleased to announce that it has entered into a Letter of Intent with Christopher Webster for the acquisition of WebStar Internet Solutions ("WebStar"), a company wholly-owned by Mr. Webster. WebStar provides an online payment platform and will be operated as a subsidiary of Oxford. Through the acquisition WebStar will transfer to Oxford of all goodwill, associated technologies, source codes, developed products and source codes, all business dealings and relationships, patents and trademarks. The acquisition, if consummated, will result in Oxford being able to provide the following services through the acquisition: WebStar is a credit card payment technology company with a platform that provides convenient, secure, cashless payment products/services to the gaming industry world wide. WebStar's platform works in conjunction with major Canadian Banks and Credit Unions as well as major Credit and Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. switches. Online gaming See gaming. , including casino games, poker, bingo, horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with , and skill games, has flourished on the Internet over the past several years. It is estimated that over $US12b was wagered in 2005. This is believed to represent less than 10% of the potential market. Online gaming offers people who enjoy casino games and wagering a great way to play their favorite game from the comfort of their own home at any time they wish. With the advent of online technology and design, software is advancing rapidly, making the online gaming experience more and more realistic and very exciting. The ability to bet online (place monetary wagers to the gaming site) is one of the most difficult challenges to the industry. The Oxford solution fills the existing gap in payment solutions with a robust platform utilizing Canadian Banking and the worldwide debit card systems offering: - A unique card to the online market offering a pay "IN" to a gaming site (other solutions do "PAYOUTS" only) - The transaction is not coded 7995 (the transaction designation that identifies an online gaming payment); these transactions are coded as a cash advance. - Chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the risks are greatly reduced. - A completely legal system that eliminates masking of transaction codes - Allows a player to use Visa, MC, AMEX AMEX See: American Stock Exchange , Western Union, Usemybank, ACH, Neteller, Bank Wire, and to make bill payments on most bank websites, all integrated into our loading site An area containing a number of loading points. . - The card may be branded or remain generic depending upon the merchants wish. About Oxford Investments Holdings Inc. Oxford Investments Holdings Inc. previously known as a leading Internet gaming software licensing, reseller and development company providing software solutions to the Internet gaming market, now is the parent company to several subsidiaries that market, sell and distribute a variety of products. Oxford's subsidiaries include International E-Gaming Developers, Inc., a company that markets gaming products to a worldwide clientele, Celebrity Tan Inc., a company that markets UV-free tanning products and booths, and Ontario Private Water Labelling Ltd., a company that specializes in private-label bottled water distribution and sales. FORWARD LOOKING STATEMENTS DISCLAIMER: Statements in this press release, which are not historical, are forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with product liability and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on suppliers, risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the Company's current strategy or product offerings. Oxford Investments Holdings Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :OXIHF) |
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