PayPro, Inc. Signs Joint Venture Agreement with Trinitum Group
Oct 18, 2006 11:08:00 AM
Copyright Business Wire 2006
DALLAS--(BUSINESS WIRE)--
PayPro, Inc. (Pink Sheets:PYPR) is pleased to announce the signing of a Joint Venture Agreement with the Trinitum Group.
The Trinitum Group is a company with insurance companies insuring infrastructure projects in Latin America. They are also working with Hill International (www.hillintl.com) and PayPro, Inc. on the Panama Canal expansion Project bids. This agreement will have a major impact in the Latin American region and the world.
Mike Terrell, PayPro, Inc CEO, stated, "The joint venture agreement creates a long-term alliance on major projects in the region. Trinitum recently signed an agreement to provide all the insurance, for the next 50 years, for the major toll road that crosses Mexico City. Included in the agreement is a 50 year revenue sharing clause, worth over $150,000,000 over the life of the contract to PayPro, Inc. The group will provide more than 51 types of insurance to the project. PayPro also gives the Trinitum Group the ability to bid on the employee payroll, toll tags, readers, and a state-of-the-art RFID debit card toll payment system also a 50 year contract which alone would increase PayPro revenues $35,000,000 to $70,000,000 a year. This joint venture represents a major opportunity for PayPro to solidify its long-term financial growth and adds another major revenue stream."
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ONLINE as follows:
Visa prepaid cards, e-commerce merchant accounts, Life insurance policies, Gold transactions, Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection, Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward-Looking Statements are not historical facts as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements
Source: PayPro, Inc.
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PayPro Incorporated
Mike Terrell
214-774-4870
