TORONTO, June 9, 2010 – EFT Canada Inc. (TSX-V: EFT), a leader in electronic transaction processing, today announced that its Board of Directors has approved the initiation of a cash dividend to its shareholders in the amount of $0.005 per common share. The annual dividend will paid on June 30, 2010 to shareholders of record on the close of business on June 15, 2010.
While future dividends will be subject to Board approval, EFT Canada announced that it is initially targeting an annual dividend payout of $0.005 per common share which is anticipated to be paid semi-annually.
"EFT Canada continues to focus on shareholder value and I am pleased to announce this milestone," commented Jonathan Pasternak, President. "The initiation of a regular dividend is part of our commitment to return value to our shareholders."
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