EFT CANADA INC
EFT CANADA INC ("EFT-V")
- Receives 2008 Profit Hot 50 Ranking
PROFIT: Your Guide to Business Success, a publication owned by Rogers
Communications, has named EFT Canada Inc., to the 23rd spot on the 9th
annual PROFIT Hot 50 Rankings. The PROFIT HOT 50 is the definitive ranking
of Canada's emerging growth companies. Published in the October issue of
PROFIT magazine and online at PROFITguide.com, the PROFIT HOT 50 ranks
young firms by two-year revenue growth.
"The PROFIT Hot 50 companies illustrate the ingenuity and vitality of
Canada's entrepreneurial sector. Any one who wants to start or grow a
business can draw much inspiration and many lessons from the HOT 50,"stated
editor Ian Portsmouth.
EFT Canada embarked on a comprehensive campaign to deliver an
easy-to-use, yet robust, EFT/ACH transaction processing platform for small-
and medium-sized businesses in North America. Using the web-based platform,
clients are given the ability to perform pre-authorized debits and direct
deposits to customer and/or employee bank accounts in Canada the United
States.
EFT Canada has been able to deliver superior service and customer
support by efficiently executing this niche and building on the strength of
its core infrastructure. Since January 2005, EFT Canada has grown 459%,
expanded its employee base and serviced clients around the globe. This is
EFT Canada's second consecutive PROFIT Hot 50 ranking.
Randy Waxman, Chief Operating Officer commented, "All the employees at
EFT Canada have worked incredibly hard to create a top-notch services
company. It is very difficult work and it is great to see the Company's
achievements recognized by both, a prestigious business publication and our
existing clients. In 2008, EFT Canada is planning for continued growth as
it moves to further penetrate Canada and the United States and increases
its partner channels."
About EFT Canada
Founded in 2003 and publicly traded on the Toronto Venture Exchange,
EFT Canada Inc. (TSX VENTURE:EFT) is a financial processing company
offering a complete solution to the collection and payment processing needs
of small- and medium-sized business merchants and financial institutions in
Canada and the United States. The company develops, and delivers innovative
electronic transaction processing technologies, such as customized
electronic payment and collection, as well as gift and loyalty card
services, by drawing on its operational and applications expertise. For
more information, please visit
www.eftcanada.com
.
About PROFIT
PROFIT: Your Guide to Business Success, is Canada's preeminent
publication dedicated to the management issues and opportunities facing
small- and medium-sized businesses. For more than 25 years, Canadian
entrepreneurs across a vast array of economic sectors have remained loyal
to PROFIT because it's a timely and reliable source of actionable
information that helps them increase their revenues, boost their
profitability and get the recognition they deserve for generating positive
economic and social change. Published six times a year by Rogers Publishing
Ltd., PROFIT is distributed almost exclusively to the chief executives of
companies with 5-250 employees and annual revenue of $1 million to $25
million, reaching more than 300,000 readers across Canada. Visit PROFIT
online at
www.PROFITmagazine.ca
.
This press release contains forward-looking statements that 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 do s not accept
responsibility for adequacy or accuracy of the content of the information
contained herein.
Capitalization Report for Eft Canada Inc
Shares Issued: 12580000
Shares Escrow: 1880107
