TORONTO, ONTARIO — (Marketwired) — 03/14/16 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT) and 1422748 Ontario Inc. (the "Purchaser") are pleased to announce the successful completion of the previously announced plan of arrangement (the "Arrangement") involving EFT Canada and 1422748 Ontario Inc. (the "Purchaser"). The Arrangement was completed pursuant to the terms and conditions of an arrangement agreement dated Janua
TORONTO, ON — (Marketwired) — 03/09/16 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT) is pleased to announce that EFT Canada shareholders have approved the previously announced plan of arrangement (the "Arrangement"), pursuant to which 1422748 Ontario Inc. (the "Purchaser") will acquire all of the issued and outstanding common shares of EFT Canada.At the special meeting of EFT Canada shareholders held earlier today, the Arrangeme
TORONTO, ONTARIO — (Marketwired) — 01/26/16 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT), today announced that it has entered into an arrangement agreement with 1422748 Ontario Inc. (the "Purchaser") whereby the Company will effect a going private transaction through a statutory plan of arrangement (the "Arrangement "). The Purchaser is a private Ontario company owned by Jonathan Pasternak, a director and the Chief Executive Of
TORONTO, ONTARIO — (Marketwired) — 03/31/15 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT), hereby announces that the following were the outcomes of the votes held at EFT Canada`s most recent shareholder meeting on March 30, 2015.A total of 5,049,433 shares were represented at the meeting, being 36.93% of the Company–s issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting.A summary of the resul
TORONTO, ONTARIO — (Marketwired) — 02/10/15 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT), today announced that on February 3, 2015, it received notice that one of its United States partners would no longer allow processing of transactions for certain merchant industries.As a result of the change, the Company is currently unable to service some of its US processing client base and therefore expects a material decrease in US processing revenues. The
TORONTO, ONTARIO — (Marketwired) — 11/06/14 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT), today announced financial results for the three months ending September 30, 2014.Q1 2014 HighlightsRevenue increased 5.2% to $565,410 in Q1 2014, compared to $537,689 in Q1 2013.Gross profit increased 15.9% to $417,285 in Q1 2014, compared to $360,157 in Q1 2013.Gross profit margin increased 6.8% to 73.8% in Q1 2014, compared to 67% in Q1 2013.EBITDA(i) incre
TORONTO, ONTARIO — (Marketwired) — 10/24/14 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT) today announced that its Board of Directors (the "Board") has approved the adoption of a shareholder rights plan (the "Rights Plan"). The Rights Plan has been adopted to allow the Board of EFT Canada to respond appropriately to an unsolicited take-over bid.EFT Canada is not adopting the Plan in response to any specific proposal to acquire c
TORONTO, ONTARIO — (Marketwired) — 10/24/14 — EFT Canada Inc. ("EFT Canada" or the "Company") (TSX VENTURE: EFT), today announced that it has recognized an impairment charge in respect of its card gateway technology which is reflected in its audited financial results for the year ended June 30, 2014.For the year ended June 30, 2014, the Company reported a net loss of ($2,081,766) or ($0.152) on revenues of $2,279,088 (2013 Revenue – $2,417,487) compared to net income of
TORONTO, ONTARIO — (Marketwired) — 11/13/13 — EFT Canada Inc. ("EFT") (TSX VENTURE: EFT), a leading technology provider of electronic funds transfer services, today announced that it has launched its credit card transaction processing and risk management services to Canadian business owners. A report of 2011 Canadian payment data showed that electronic funds transfer (EFT) accounted for 7% of total Canadian volume, in comparison with 12% for credit cards.The new product launch fol
TORONTO, ONTARIO — (Marketwired) — 11/12/13 — EFT Canada Inc. ("EFT") (TSX VENTURE: EFT), a leading technology provider of electronic funds transfer services, today announced that a client had breached its service agreement creating a receivable of approximately $830,000, which may not be recoverable. The Company is dependent upon the collection of this receivable or raising additional funds in order to maintain sufficient working capital. There are no assurances that the Company
