QuadraComm, Inc. Announces Purchase of Prepaid Company.Business Editors/Technology Writers
TAMPA, Fla.--(BUSINESS WIRE)--Jan. 11, 2001
QuadraComm, Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :QDRA QDRA Qua de Re Agitur (Latin, codices and manuscripts) ) is pleased to announce that it has closed the acquisition of International Prepaid Systems, Inc.("IPS (1) (Inches Per Second) The measurement of the speed of tape passing by a read/write head or paper passing through a pen plotter.
(2) (IPS) (Intrusion Prevention S ") for a combination of stock and cash. IPS was a private Texas corporation headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation).
Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the with operations also in San Clemente, California
San Clemente is a city in Orange County, California, United States. As of 2005, the city population was 65,338. . Their primary business has been development of a prepaid phone card system and network using custom vending machines to secure, document, and distribute cards. IPS has also deployed an ATM processor for non-bank environments, and is interested in pursuing expansion of their vending machine product for the sale of prepaid cellular phones and time-renewal cards.
Negotiations are currently underway by IPS with multiple manufacturers of the custom vending machines for initial deployment within the Southwest. Preliminary discussions have also been held with the developer of a prepaid cell phone and related back-office management system.
QuadraComm management stated that this first successful closure will allow the Company to proceed as planned with the other business-unit acquisitions in process. It is anticipated that the initial four mergers previously announced will be finalized before the end of the First Quarter. As such, the Company looks forward to the performance of its planned integrated companies during Year 2001.
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A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which may cause actual results to differ from those described herein.