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Press Release - Collective P.O.S. Posts Record First Quarter Sales, Grows Earnings By Over 60%Q1 Growth Attributed To Expanded Product Offering, Enhanced Services & Growth of Sales Force Across Canada
Toronto, ON - April 29, 2011 "We are extremely pleased with our first quarter results.” says Michael Back, President. “New merchant accounts signed, transaction processing volumes and the number of actively processing merchants all exceeded our projections for the quarter. We are really starting to see our investment in human resources and our focus on launching new products pay off.” Collective P.O.S. continues to execute on its business plan to target small to medium-sized businesses in the Canadian marketplace. Collective P.O.S. competes by providing guaranteed low rates for debit and credit card processing, a lifetime repair or replacement warranty program and offering merchants the option to either purchase or lease their point of sale terminal as opposed to perpetually renting. Michael Back concluded, “Collective P.O.S. is a much stronger company than we were a year ago. We have made improvements to customer service, expanded our sales force and have really focused on taking things to the next level. As we begin the second quarter, we expect our top-line momentum to continue as the roll-out of our next generation of EMV POS terminals moves into high gear." # # # - 30 - # # # Collective P.O.S. serves more than 10,000 businesses across Canada, including retail stores, restaurants, hospitality providers, mobile services, e-commerce merchants, mail order/telephone order businesses, professional firms/clinics/practitioners, B2B product/service providers, tradespeople and many other industries. For press release inquiries, please contact us at: |
