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Sino Fibre and Union-Pay EPS Sign
Agreement for Providing Online Barter Trade Payment Processing
Services In China
May 29, 2008
Sino Fibre Communications, Inc. (OTCBB:SFBE), a broadband and
value-added Internet services provider in China, today is pleased to
announce that it has signed an agreement with Shenzhen Bank-Union
EPS Financial Services Co., Ltd. to add online payment processing
services to its barter exchange platform. This capability will
enhance the online barter trading and settlement system for the
B-to-B e-commerce services provided to the 4.5 million medium and
small private enterprises from the Company's joint venture company
with CAMSE.
Sino Fibre's CEO and President, Daniel Mckinney, said "We are
extremely pleased about our agreement with Union Pay-EPS. Union Pay
is the official payment processing agent of China. This facility is
a crucial element of our online barter trade system that Union Pay
will provide secured online payment processing services to our
barter trade and e-commerce clients. The successful roll out of our
joint venture business will have no doubt to bring in massive
traffic to ride on the fiber optic network we represent and are in
the process of acquiring from our Chinese partner."
About Union Pay-EPS:
Shenzhen Bank-union EPS Financial Services Co., Ltd. is a subsidiary
of China Union Pay based in Shenzhen, China to provide back-end
payment processing and support. Union-Pay EPS currently services
such companies as China Merchant Bank, China Ping An Bank/Insurance,
China Construction Bank and other major banking institutions as well
as numbers of large franchises in China.
For more information, please visit www.ebankunion.com
About Sino Fibre Communications Inc.
Sino Fibre Communications, Inc. "Sino Fibre" is an open source
company dedicated to provide international standard fiber optic
backbone telecommunications transmission related sales and/or
leasing services in China to all foreign telecommunications carriers
and corporate users. Sino Fibre Communications is positioned to
become China's premier provider of low cost fiber optical solutions
to international telecommunication companies and large corporations
that require Chinese intercity connectivity. Our low cost solutions
range from the leasing of intercity dark fiber to providing
co-location, broadband transport and IP-centric voice services.
For more information about Sino Fibre Communications, please visit:
www.sinofibre.com
Statements, which are not historical facts, are forward-looking
statements. The Company, through its management makes
forward-looking public statements concerning its expected future
operations, performance and other developments. Such forward-looking
statements are necessary estimates reflecting the Company's best
judgment based upon current information and involve a number of
risks and uncertainties, and there can be no assurance that other
factors will not affect the accuracy of such forward-looking
statements. It is impossible to identify all such factors, factors
which could cause actual results to differ materially from those
estimated by the Company. They include, but are not limited to,
government regulation, managing and maintaining growth, the effect
of adverse publicity, litigation, competition and other factors
which may be identified from time to time in the Company's public
announcements. |
