Business
Budget Center Announces the Signing of a Letter of Intent to Acquire Vericard Inc.
Budget Center Announces the Signing of a Letter of Intent to Acquire Vericard Inc..
About this update from Plural Industry Holding Group Co. Limited
[{"type":"text","content":"\n \n \n Budget Center Announces the Signing of a Letter of Intent to Acquire Vericard Inc.\n \n \nBudget Center Announces the Signing of a Letter of Intent to Acquire Vericard Inc.\n \n LAS VEGAS, NV--(Marketwired - Feb 7, 2014) - Budget Center Inc. (OTC Pink: BDGN) (the \"Company or Budget\") is pleased to announce that it has signed a letter of intent to acquire Vericard Inc. (\"Vericard\"). \n The nonbinding letter of intent, signed on January 24, 2014, provides for the acquisition of 100% of the issued and outstanding shares of Vericard, a private Wyoming corporation. \n Vericard is the owner of CardVerify.net, an operational web-based service that protects online businesses and customers from credit card fraud. Forbes estimates that credit card fraud is costing merchants upwards of USD$190 billion annually.\n CardVerify.net offers unparalleled fraud protection by requiring purchasers to send an image copy of their credit card to prove that they are in physical possession of the credit card. This innovative yet simple process has proven to prevent virtually all fraudulent internet based orders submitted by thieves and hackers. CardVerify.net uses trusted industry-standard encryption protocols to ensure the security of client data. This application is currently being used by internet merchants and their clients have welcomed this added verification process during the purchase. The added verification process has proven to be extremely effective. \n The planned acquisition of Vericard by Budget will allow CardVerify.net to capitalize on the rapidly growing market in web based credit card fraud protection platforms. \n This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. For more information please contact Corporate Relations at 702-448-7908 or [email protected] \n Max Rajewski\n President & CEO\n Forward-looking Statement:\n THIS NEWS RELEASE CONTAINS \"FORWARD-LOOKING STATEMENTS,\" AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTEN...