Sino Payments, Inc. is actively identifying and analyzing multiple acquisition opportunities. Sino Payments President and CEO Matthew Mecke said, “We intend to grow and expand and to reach new customers along with those we are in current discussions with. One of our focuses for growth is to identify acquisition opportunities in Asia and possibly North America where it makes sense for Sino Payments to acquire or merge businesses into Sino Pay. I have been in the card processing business in Asia since 1997 and as a result have had my eye on 3 or 4 small opportunities that, combined with Sino Payments, will give us increased momentum to push forward and present Sino Payments as the premier IP card processing provider to retailers across the Asian region. Now that we have pushed off and are actively in a growth mode, we are beginning to approach outside firms and to engage in merger and related discussions with them. I hope to be able to conclude such deals late this year or early next while keeping our eye on the growth via customer processing and revenue balls.”

Sino Payments Inc. has concluded a reseller agreement for credit and debit card ecommerce processing in Asia with e-Net Systems Ltd. Sino Payments will utilize eNETS to process ecommerce transactions from its customers in Asia in multiple currencies, including US dollar.

Sino Payments, Inc. said in a SEC 10-Q filing, “The Company's continued existence is dependent upon its ability to obtain additional capital. Management’s plans to increase resources to the company include raising additional equity and/or debt financing from outside investors and receiving financial support from directors and officers. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.”