|SNPY .051 52m os|
Could be a good play down the road based on this 8k:
Sino Payments' President and CEO Matthew Mecke stated, "In addition to expecting our first revenue and merchant processing to occur in Q2 this year, we are building up quite a large amount of anticipated volume for future business. Although it may seem like we have been dormant for the last 2 fiscal quarters, our activity will soon bear fruit and my expectation is that we will generate sufficient revenue to be operating positive on a monthly basis before the end of this year 2010. Our sales pipeline is larger than we had anticipated as recently as the end of last year and we hope to soon make announcements related to the completion of a search for a qualified Sales Executive to help us drive even stronger growth than the heavy sales prospect growth we are now experiencing. Regional Asian physical retailers continue to be a focus for Sino Payments, in addition to these, we see strong potential in services to groups based in Japan, Europe, and others in Greater China with regional operations."