Feb 20, 2015 (ACCESSWIRE via COMTEX) — LAS VEGAS, NV / ACCESSWIRE / February 20, 2015 / Dakshidin (PINKSHEETS:DKSC) announced today that the Company has reached an agreement to acquire a database of approximately 27,000 bankcard users from The Tyburn Group. The value of a user is typically calculated as the sum of annual fees for that user, multiplied by three to five.
Dakshidin plans to monetize this asset via the recently acquired technology platform which will allow it to offer the following financial products and services:
– Bank Account on a card
– Scoot (Patented Mobile Money Transfer Service)
– Payday advance
In 2014 Dakshidin announced it had concluded its first strategic asset purchase; a state of the art proprietary electronic payment platform from The Tyburn Group Inc. based in northern California. Since then the company has announced several subsequent purchases from Tyburn, as well as a number of strategic business alliances with a view to executing the company’s mission of building a leading edge financial transactional products and services business.
CEO J. Mark Seaton stated, “This acquisition is a great opportunity to jump out of the starting gate and potentially generate some significant momentum in the early stages of development.”
The information in this press release includes certain “forward-looking” statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
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SOURCE: Dakshidin Corporation