TORONTO, October 30, 2012 – EFT Canada Inc. (TSX-V: EFT), a leader in electronic transaction processing, reported record revenues and net income due to a strong recurring revenue base and an increase in transactions processed for the year ended June 30, 2012.
EFT Canada reported net income of $540,893, or 4 cents per share, compared to a loss of $89,585, or .007 cents per share, in the prior year. Gross revenue increased by102%.
EFT Canada stated that overall transactions processed rose 132%, driven primarily by an increase in new clients and an improved United States economy.
Financial and operating highlights include:
||June 30, 2012
||Year Over Year Increase
||June 30, 2011
|Dividends Paid Per Share
"We are very pleased with our financial and operational results for the year ended June 30, 2012," commented Jonathan Pasternak, President. "EFT Canada will continue to invest in new products and existing technologies and plans to launch its PCI Level 1 proprietary credit card gateway early 2013."
About EFT Canada
Founded in 2003, EFT Canada Inc. is a financial processing company that offers a complete solution to the
collection and payment processing needs of small and medium sized business merchants, banks, credit
unions, and other financial firms in Canada and the United States. The Company develops, maintains and
delivers innovative electronic transaction processing technologies, such as customized electronic payment
and collection processing solutions and gift and loyalty card services, by drawing on its operational and
applications expertise. For more information, please call 416-781-0666 or visit www.eftcanada.com.
This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual results could differ significantly from those projected herein. The
TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information
For further information:
President - EFT Canada Inc.
info (at) eftcanada.com