Toronto, Ontario CANADA, March 31, 2011 /FSC/ - Oxford Investment Holdings Inc. (OXIHF - OTCBB). Michael Donaghy, President of Oxford Investments Holdings Inc. (OTCBB: OXIHF) is pleased to announce that the Company is generating revenue from its China operations. The Company had started card-processing operations last winter, but processing was put on hold for several months while China restructured the credit card processing industry as part of reforming its banking system. Non-compliant processors were closed down, institutions consolidated, and the Chinese Government implemented stringent regulatory controls over the industry. During this period, Oxford, through its Chinese network, established a commission-oriented strategy with two of China's largest processors, whereby Oxford directs customers to these processors and collects commission revenue.
The implementation period involved a four month trial that combined strict business volume controls with other risk management procedures, which were designed to establish Oxford's credibility as an operator. In late-November the volume restrictions were lifted, enabling the Company to acquire new MIDs (merchant identifiers) from the banks and add new customers. As a result, the Company is seeing a steady acceleration of revenue growth on a week-over-week basis.
Once milestone levels are achieved, the Company can apply through the Chinese processors for additional MIDs from the banks and add new customers. As each new customer is brought on board, the same risk management procedures are applied while the customer's transaction quality and charge-back levels are assessed, until volume restrictions can be removed. Even though this can be cumbersome, this process serves to better protect the bank, the processor, Oxford, and the customer, while establishing a high degree of comfort for all parties involved. This, however, helps to mitigate the inherent risks associated with transaction processing.
Oxford invites interested parties to visit its new Website at www.oxsof.com which has been updated to reflect its current business initiatives.
About Oxford Investments Holdings Inc.
Oxford Investments Holdings Inc. is establishing itself as a leading payment solutions provider. The Company offers a range of electronic payments processing products, including the Oxford E-Wallet for credit card processing, customized pre-paid and re-loadable card programs, mobile payments solutions, and merchant services to the E-commerce industry. In addition, Oxford TPS offers customized, managed-services transaction processing solutions to corporations. Oxford, through its partner, Koho Group, has also established relationships in the Chinese financial and electronic payments industries.
FORWARD LOOKING STATEMENTS DISCLAIMER:
Statements in this press release, which are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with product liability and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on suppliers, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the Company's current strategy or product offerings.
Oxford Investments Holdings Inc.
Michael Donaghy 1-800-293-4871
Oxford Investments Holdings Inc.
1315 Lawrence Avenue East
Toronto, Ontario M3A 3R3
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