Oxford Files Form 15
July 28 2014 - 8:45AM
Business Wire
Due to recent changes in the OTC Markets, Oxford Investments
Holdings Inc. (OTCQB: OXIHF) has filed a Form 15 with the
Securities and Exchange Commission (SEC) to voluntarily de-register
from the SEC. Oxford has always maintained good standing with the
SEC during its 14-year history. The recent OTC Markets reporting
changes enable many small companies such as Oxford to greatly
reduce often crippling annual accounting and legal expenses related
to their regulatory filings as public companies, while still
providing current public information to investors and the
marketplace. The Company will post its financial statements on the
Oxford website and will continue to uphold its responsibilities as
a public company to keep shareholders informed of material events
when they occur.
In recent months Oxford initiated a number of changes in its
credit card processing strategy to accelerate growth in
transactional commission revenue in a more seamless and
operationally proficient manner. The Company is now processing
transactions with four major Chinese processors, and has vastly
improved its competitiveness.
“While we have experienced a great deal of growing pains during
the past few years in getting our operations functioning the way we
would expect, revenues have been relatively consistent but nowhere
near what we would have liked to see. During the past few months we
have managed to incrementally increase revenue by 20% despite these
hurdles. We are now very competitive in the rates we can offer,
which is helping to attract more customers and enable us to receive
more MIDs from the banks,” stated Michael Donaghy, President of
Oxford. “Once our strategy is fully implemented, and most of the
operational challenges are behind us, we expect revenues resulting
from this improved structure to increase significantly over the
next fiscal year.“
About Oxford Investments Holdings Inc.
Oxford Investments Holdings Inc. is establishing itself as a
leading payment solutions provider. The Company acts as a
third-party processor, directing online merchants who require
credit card processing to the company’s network of processors whose
payment gateways are integrated into a number of banks in China.
Oxford earns commission revenues from the processors, while
minimizing its infrastructure requirements and overhead costs.
Oxford, through its partner, Koho Group, has also established
relationships in the Chinese financial and electronic payments
industries.
FORWARD LOOKING STATEMENTS DISCLAIMER:Statements in this
press release, which are not historical, are forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act 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 international operations, 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.
Contacts:Oxford Investments Holdings Inc. Michael Donaghy
1-800-293-4871Website: www.oxsof.com
Oxford Investments Holdings Inc.Michael Donaghy,
1-800-293-4871www.oxsof.com
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