Welcome to the Investor Relations website for Hosted Data Transaction Solutions Inc. (formerly Dexit Inc.).
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COMPANY OVERVIEW
GROWTH STRATEGY AND FUTURE OUTLOOK
NEWS RELEASES
SHARE CAPITAL
GOVERNANCE & BOARD MEMBERS
CODE OF BUSINESS CONDUCT
MANAGEMENT TEAM
FINANCIAL REPORTS & REGULATORY FILINGS
EMAIL ALERTS
INVESTOR CONTACTS
Forward-Looking Statements
Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect HDX current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under “Risks and Uncertainties” in the Annual Information Form filed on April 2, 2007 with the regulatory authorities. HDX assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
COMPANY OVERVIEW
Hosted Data Transaction Solutions Inc. is in the business of managing merchant transactions with consumers and facilitating payment. HDX develops and deploys touch screen POS system software and associated enterprise management tools and has developed and deployed numerous POS applications. HDX also provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services.
Leading edge technology also includes customer self serve kiosks and “line buster” mobile point of sale terminals. These products have been designed to dramatically enhance customer throughput and drastically reduce customer queues. These technologies are especially effective in high foot traffic environments that have limited cash register counter space, limited retail square footage, and the absence of a drive through.
HDX pioneered an "instead of cash"® electronic based payment facilitation service. The Dexit® Service can be private branded for a specific merchant and enables customers to pay for items quickly and conveniently with the tap of a RFID (radio frequency identification) tag linked to a pre-paid account. This Dexit® Service payment solution is especially well suited for corporate and institutional cafeteria environments where hundreds of customers purchase and pay for meals in compressed periods throughout the business day.
To find out more about Hosted Data Transaction Solutions Inc., visit our website at www.hdxsolutions.com.
GROWTH STRATEGY AND FUTURE OUTLOOK
Management has historically focused its financial resources on key opportunities, with a focus on private branded prepaid solutions, as well as other payments-related real time hosted data solutions for merchants, such as loyalty and remote monitoring applications. HDX will continue to pursue opportunities directly, as well as through partner arrangements. HDX is also pursuing selective acquisitions to further its growth, which the Company expects will be primarily focused on POS services companies which can be acquired at attractive multiples.
On August 3, 2007, the Company completed that acquisition of the assets of the quick service restaurant division (“QSR”) of Howell Data Systems Inc. (“HDS”). QSR is in the business of managing merchant transactions with consumers and facilitating payment. QSR develops and deploys touch screen point-of-sale ("POS") system software and associated enterprise management tools and, like HDX, QSR has developed and deployed numerous POS applications. In keeping with the common turnkey service and one stop shop philosophies of both HDX and QSR, QSR also provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services. QSR has established a customer base of thousands of system installations throughout North America and include such names as Tim Hortons, Wendys, Country Style, Harveys, Wienerschnitzel, and Tastee Freeze.
The Company’s business and the QSR business are substantially the same and therefore the Company expects to realize significant synergies with QSR. The combined entity provides a one stop shop for merchants for touch screen POS systems, software, associated enterprise management tools and integrated real-time hosted data applications, including prepaid and loyalty applications. In addition, the combined entity provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services, with a focus on customer service. The combined company is focused on enhancing relationships with the established QSR customer base of thousands of merchant locations throughout North America, driving incremental revenue from these existing customers and from new customers which will be secured organically and through the planned acquisition of other merchant point-of-sales companies. In conjunction with the completion of the QSR acquisition, the Company also changed its name to Hosted Data Transaction Solutions Inc.
On February 19, 2008, HDX concluded the acquisition of Sabrepoint Inc. and Sabrepoint Services Inc. (“Sabrepoint”), a point-of-sale technology company, for $1,250,000 subject to closing adjustments. The purchase price will be satisfied by the payment of $850,000 in cash and by the issuance of 400,000 HDX common shares.