Asia Payments Announces Appointment of New Director

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Ortac Res.	LSE:OTC	London	Ordinary Share	VGG6829M1187	ORDS NPV (DI)

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	2.45	2.40	2.50				0.00	01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Ortac Res. (LSE:OTC)
Historical Stock Chart

From May 2019 to May 2024

HONG KONG, June 19 /PRNewswire-FirstCall/ -- Asia Payment Systems, Inc. ("Asia Payments") (OTC:APYM) (BULLETIN BOARD: APYM) announces today that Mr. Choo Jee Sam ("Sam") has been appointed to its Board of Directors. Mr. Choo joins the board as the second director to be nominated by the InterPay International Group as a result of its recent acquisition by Asia Payments. Mr. Choo is a seasoned Malaysian businessman, who speaks fluent Mandarin, and is currently a director of several private companies in Malaysia as well as a publicly listed company, Seni Jaya Corporation Bhd., which is a leading outdoor advertising media specialist in Malaysia. He also has his own investment holding company, JS Choo Holdings Pte Ltd, concentrating on property investments. Sam's career includes senior management appointments with several international companies including Diner's Club and Bata Shoes. He also served in the 1990's as the Senior Vice President/General Manager of MBf Card Services, the largest MasterCard issuer in South East Asia at the time. Mr. Choo holds a degree in Bachelor of Arts (Honours) from the University of Malaya and a Masters in Business Administration (Distinction) from The Asian Institute of Management, the Philippines. He has also been active in the Rotary International for the past 22 years and has made a strong contribution to the development of social and charitable services in Malaysia, including fund raising for 4 dialysis centers to serve low income patients. Mr. Choo said, "I have known and have been associated with KK Ng and the InterPay team for some time and have confidence that Asia Payments has a bright future. I am looking forward to making my contribution to its success." "I am very pleased that Sam has accepted our invitation to join the board. I know he brings a wealth of experience and knowledge to Asia Payments and I am looking forward to working with him on the board," said KK Ng, President and CEO. Sam replaces John Fraser who has resigned to create a vacancy. Mr. Fraser continues to be a significant shareholder of Asia Payments. Robert Clarke, Chairman, said, "The appointment of Sam brings added experience and relevant expertise to our Board and we welcome his addition. At the same time, I want to acknowledge John Fraser's contribution to Asia Payments. John has been a director since the early days of the company and has made key contributions as a director and executive." ABOUT ASIA PAYMENT SYSTEMS, INC. ("ASIA PAYMENTS") Asia Payments (http://www.asiapayinc.com/) is a US public company with its principal office in Hong Kong and business activities focused within the payments industry Asia-wide with special emphasis on China. To facilitate expanding operations in China, Asia Payments recently established a wholly- owned foreign enterprise company in Shanghai. Asia Payments has developed a state-of-the-art card transaction processing system which has been tailored to the needs of the retail establishments with multi-store multi-lane operations. Asia Payments' current goal is to provide third party processing services to issuers and acquirers of MasterCard, Visa and other international payment brands and prepaid cards in China and other Asian emerging markets. These services will also be extended to issuers and acquirers of proprietary/private label and loyalty cards. The major focus is on the China market which continues to experience exponential growth in credit and debit cards. Asia Payments is currently identifying suitable acquisition targets in Asia to gain market share and additional expertise and expand its services beyond third party processing. Contacts Asia Payment Systems, Inc. KK Ng, President & CEO Tel. +1-866-877-APAY http://www.asiapayinc.com/ This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Asia Payment Systems, Inc. CONTACT: KK Ng, President & CEO of Asia Payment Systems, Inc., +1-866-877-APAY, Web site: http://www.asiapayinc.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

OTC Ortac Res.