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VeriFone Systems, Inc. Message Board

  • subseaworker subseaworker Mar 26, 2012 1:28 PM Flag

    Trunkbow conference call - PAY relevance

    Trunkbow Holdings (TBOW on Nasdaq) is hosting a cc this Fri 3/30 at 8:00 am ET to discuss earnings and guidance.
    This is 2 days after they present at a Barclays Capital Emerging Payments Forum in NYC.
    How does this have Verifone relevance?
    PAY is a large investor of TBOW stock having purchased 5% at the IPO and another 5% a few months ago. In addition, one of the PAY board members is also one of the TBOW board members.
    TBOW is a payments platform and services provider in China. They recently landed agreements with "the Big 3": China Unicom, China Telecom and China Mobile (the largest mobile provider in the world far outpassing AT&T, Verizon, etc.)
    Also, TBOW also just partnered with China UnionPay which is similar to our VISA and Mastercard to provide mobil payment services for POS - pont of sale.
    Who is the POS provider? Read from TBOW report:
    "Recent Developments
    Concurrently with the closing of the February 2010 Offering, we entered into a master engagement agreement (“VeriFone Agreement”) with VeriFone, Inc. (“VeriFone”) such that VeriFone is our exclusive provider of point of sale hardware, software and services that are purchased or deployed by us and our affiliates and we have agreed to use our best efforts to ensure that VeriFone will receive at least 80% of the orders for point of sale systems placed by the Company’s mobile operator partners. Pursuant to the terms of the VeriFone Agreement, we submitted a binding, non-cancellable purchase order to VeriFone covering an initial order of $5 million of VeriFone’s point of sale systems for deployment in China as part of its rollout. The full amount of the purchase order was paid upon submission to VeriFone. Additionally, the Master Engagement Agreement contains a non-binding deployment schedule covering a total of 125,000 point of sale systems to be supplied by VeriFone through the end of 2012.
    VeriFone invested $5 million in the February 2010 Offering. We have granted VeriFone the ability to name one of the directors on our Board of Directors so long as it beneficially owns at least 4.99% of our outstanding Common Stock."

    Although TBOW has a smal market cap, I see tremendous synergy here with TBOW utilizing PAY into mainland China where POS is still in its infancy but growing very rapidly. I do not have the cc number yet but with PAY owning 10% of the stock, it would be worth listening to. (all imho)

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    • Thanks for the heads-up. Interesting.

      • 1 Reply to vinny_vango
      • More info about the Trunkbow (TBOW)conference call:

        http://finance.yahoo.com/news/trunkbow-participate-barclays-capital-emerging-110000817.html

        BEIJING, March 19, 2011 /PRNewswire-Asia/ -- Trunkbow International Holdings Limited (NASDAQ: TBOW - News) ("Trunkbow" or the "Company"), a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Solutions ("MVAS") in the PRC, announced today it will participate in the upcoming Barclays Capital Emerging Payments Forum in New York on March 28, 2012, and will hold a conference call to discuss financial results for the fourth quarter and full year ended December 31, 2011 at 8:00 a.m. Eastern Time on Friday, March 30, 2012.

        At the Barclays Capital Emerging Payments Forum, management will speak at the China Emerging Payment panel, at 4:45 p.m. EDT on March 28, 2012. The Conference is being held at Barclays Capital's office at 745 Seventh Avenue in New York. Investors attending the Barclays Capital Emerging Payments Forum who wish to schedule a meeting with management may do so by contacting their Barclays Capital representative, or Lee Roth at trunkbow@tpg-ir.com or 212-481-2050.

        To participate in the Company's earnings conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: +1 (718) 354-1231. International callers should dial +65 6723-9381. The passcode required is 62605401. A live webcast of the conference call will be available on the investor relations section of Trunkbow's website at http://www.trunkbow.com, and will be archived for a period of one year.

        If you are unable to participate in the call, a replay will be available for 14 days beginning approximately two hours after the conclusion of the live call. To access the replay, please dial +1 (718) 354-1232, international callers dial +61 (2) 8235-5000, and enter the passcode 62605401.

        In addition, Trunkbow will conduct a non-deal road show in New York on Monday, April 2, 2012, and in London on Wednesday, April 4, 2012. Institutional investors and analysts who wish to schedule a one-on-one meeting with management may do so by contacting Lee Roth at trunkbow@tpg-ir.com or 212-481-2050.

        About Trunkbow

        Trunkbow International Holdings (NASDAQ: TBOW - News) is a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Solutions ("MVAS") in PRC. Trunkbow's solutions enable the telecom operators to offer their subscribers access to unique mobile applications, innovative tools, value-added services that create a superior mobile experience, and as a result generate higher average revenue per user and reduce subscriber churn. Since its inception in 2001, Trunkbow has established a proven track record of innovation, and has developed a significant market presence in both the Mobile Value Added and Mobile Payment solutions markets. Trunkbow supplies to all three Chinese mobile telecom operators, as well as re-sellers, in several provinces of China. For additional information please visit http://www.trunkbow.com

 
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