Sino Payments Subsidiary Revenue Kicks Off With Results From April

HONG KONG,  June 13, 2011 /PRNewswire/ -- Sino Payments, Inc. (www.sinopayments.com) (OTCBB: SNPY) today announced that its Hong Kong subsidiary has booked just over $45,000 in revenue for the month of April 2011.

Sino Payments Hong Kong subsidiary in partnership with TAP Group provides processing for SOGO  department store egiftcards in Hong Kong as well as payment processing and software services to clients including the HK Government, Watsons stores in several countries in Asia, and for Park N Shop supermarkets, another division of AS Watson Group.

Sino Payments President and Founder, Matthew Mecke, stated, "Total revenue received during the month of April 2011 by the Sino Payments HK subsidiary was $45,115.  As a starting point we believe this is a good position from which we can build on our partnership with TAP Group and I look forward to bringing you additional news related to revenue growth and new client projects as soon as possible.  We do expect our Hong Kong subsidiary to outperform as we build strength in revenue and new clients for the rest of this year and into next year.  We also continue to work on several medium to long term very large opportunities for growth that we hope to close and announce as soon as possible.  In short, we see this as a starting point for very strong Sino Payments growth."

About Sino Payments  (www.sinopayments.com)

Sino Payments is a US public company with offices in Hong Kong.  In addition to providing stand alone worldwide ecommerce processing capability, Sino Payments' proprietary IP transaction processing system (SinoPay GPP) is designed to convert transaction processing systems from old type dial up point of sale systems linked to sophisticated check out terminals to a modern seamless IP transaction process, reducing credit and debit card transaction processing times by half at checkout.  Sino Payments focuses on providing IP credit and debit card processing services to large retail chains, including supermarket chains and large regional multinational retailers, in China and throughout Asia.  Sino Payments customers include, HK Government, AS Watson store divisions Park N Shop and Watsons stores in Hong Kong, Thailand, and Malaysia.  

Contacts:
Sino Payments, Inc.

Matthew Mecke
Chairman & CEO
T 1.877.205.6270 x801

Investor Relations
[email protected]

FORWARD-LOOKING-STATEMENT:

Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Sino Payments, Inc. results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Sino Payments, Inc. undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.

SOURCE Sino Payments, Inc.