MONTREAL AND HONG KONG, China, April 2, 2013 /PRNewswire/ - Freeport Capital (FAS:CNSX), - a leader on Mobile Credit and PIN Debit payment solutions, announces that it subsidiary HybridPaytech (HYBRID) continues to expand its global footprint by establishing a presence in Hong Kong with the formation of Hybrid Paytech Asia Pacific ( Hong Kong ) Limited. The new office will be headed by Ronald Chua , President. He will be working with major banking and payment partners to introduce Hybrid's wide platform of mobile payment solutions to merchants throughout Asia Pacific .
Currently, Hybrid will be launching the first payment & loyalty mobile application in Hong Kong through its partnership with Go Fun Card Limited. The project schedule for launch before mid-2013 in Hong Kong will further expand to other merchant platforms in mainland China, Macau and South East Asia, as Hybrid solidifies its partnership with key payment service providers and financial institutions over the next 6 months.
Ronald Chua, President of Hybrid Paytech Asia Pacific ( Hong Kong) Limited joins the company from a leading China-based payment solutions provider specializing in RMB debit card online payment processing. He brings to the company more than 20 years of experience in the payment and loyalty industries in the Asia Pacific where he has held senior management positions.
About Freeport Capital Inc. First Equity Strategy LLC (DBA; Hybrid Paytech) is a subsidiary of Freeport Capital Inc. Based in Montreal, Canada; Hybrid Paytech is a technology leader in the mobile payment space for credit and debit acceptance. With a global footprint, Hybrid Paytech is an enabler of easily deployable payment systems focusing on authentication, approved security and quick merchant adoption in fleet, delivery, logistics and retail.For further information on Hybrid PayTech, please visit www.hybridpaytech.com and click on our corporate video presentation http://www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States. SOURCE Freeport Capital Inc.