MONTREAL, Aug. 15, 2014 /CNW Telbec/ - Hybrid Paytech World Inc. (CSE: HPT) (OTC-FPOTF) (the "Company") a leader on Mobile Credit and PIN Debit payment solutions, announces that it has decided to postpone its Annual General Meeting (AGM) to a later date which will be determined in the upcoming weeks. The Company has decided to take this decision as it is currently working extensively on reviewing its strategic options including its financing efforts.
On the operational side, the Company is completing the final stages of all the internal development work to becoming EMV (Europay Mastercard Visa) ready. Concurrently, the Company is working with MasterCard to obtain the third party EMV certification required to accept EMV payment transactions. In addition, the Company is completing its User Acceptance Testing in the Philippines which is the final requirement in order to deploy the solution at large.
About Hybrid PayTech World Inc.
Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment Platform for the leading OS's (IOS, Android, BB and Windows 6,7,8). The Corporation's holding, First Equity Strategy LLC, markets itself with the DBA: Hybrid PayTech. International subsidiaries include Hybrid PayTech Asia Inc, Hybrid PayTech Asia Pacific Ltd, Vault Acquiring Solutions LLC and Mobi724 Inc.
For more information on our Company, visit www.hybridpaytech.com
Hybrid PayTech based in Montreal, Canada, is a technology leader in the mobile payment space for EMV (certification level for credit and debit) & MSR (magnetic card reader) credit and debit acceptance. With a global footprint, Hybrid is an enabler of easily-deployable payment systems focusing on authentication, approved security and quick merchant adoption in Fleet, Delivery, Logistics and Retail.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
SOURCE Hybrid PayTech World Inc.