Update On Thailand Situation

As all you must know by now there has been a military coup here in Thailand.

As you can see from this email here in Thailand life is running normally.
There is no violence on the streets.

The situation here in Thailand is purely political and will revert back to normal ASAP.
The situation here in Thailand for our business is as normal as it can be due to that fact that we are keeping a close eye on all developments and will update you all ASAP.

You will be happy to know that our office is open and all of our staff arrived safely to work with NO problems at all.

Today in Thailand the banks are closed but are expected to re-open tomorrow (Thursday).

Due to this unexpected holiday day we will have to delay International WIRE transfers scheduled for Today.

We will update you ASAP on the banks situations.

About The Investors Corner:
We are suspending ONLY new subscriptions availability. The New Subscriptions will be suspended for 3 days. Please regard the word (suspended) is exactly what it means.

All profits and principals payback due to be paid today or over the next few days WILL be paid as normal.

Because the situation is only political the King of Thailand is safe and will always remain safe from any and all political turmoil.

We ask all of you to not be concerned unduly. As you can see all is near normal here and business is running near normal except as we have stated above about new subscriptions into The Investors Corner.

We also ask you not to send tickets asking about the situation here in Thailand or about effectiveness and reliability of our business because as you can see we are still here and will update you on everything in a timely manner.

Kind regards

AsianPay Team

Credit Cards Operations & Asianpay Debit Cards

Hello!

This will be short but hopefully clear.

1. Credit Cards:
AsianPay (SINGAPORE) Pte. Lt. Incorporation has been completed and we are depositing the paid-up capital.
In the meanwhile we have completed the process to submit full documentation to Citibank in Singapore to complete our merchant application and we have applied for th Corporate Bank account with them. (It will be officialized in the beginning of the next week). I'm just back from Singapore and we expect to receive the final agreement for the sign and the technical documentation to integrate our system with Citibank gateway services within the next week.

Citibank is starting a fully new integration system and they will not allow new merchants to start before August 15th. We need anyway at least on week to complete and verify all the technical aspects of the Integration.

Accordingly to the above, we plan to restart Credit Cards Operations between August 20th and August 30th. I will be able to announce the final date later next week. In the beginning we will accept only Visa and Mastercard, but within the end of September also AMEX services will be restarted.

Our Singapore offices will open on September 1st, and we will publish in time address and all the related information following our commitment to high transparence. I can anticipate, for those who know Singapore or live there, that our offices will be located at The Prudential Tower.

2. Asianpay Debit cards:

Asianpay Payments will have it's own Brand name Debit Card. We have joind the well known Canadian provider: Card One Plus ( http://cardoneplus.com ) and they are processing our application doing their own due diligence and all the Credit and Criminal records check. The last information we had is that everything should be almost ready in the next week. Printing of the Crads will need some more time. We have pre-ordered 5,000 cards, wee have already paid 50% of the total amount as established by our agreement with them, and we plan to start the pre-sale of Asianpay debit cards from August 25th for first delivery end of September. More information will be published at our web site and here also as soon as will be available.

Kind regards

Just To Say Thank You And Hello!

Hello everyone here,

I just want to Sawadee-Krap everyone here and I just want to thank you all the moderators for giving Asianpay payments the possibility to have its own subforum here.

We have some of our directors and shareholders that will be always present to answer and to participate and I will do it myself when needed.

Once again, thank you all !

Carlo Sorio
President & CEO
Asianpay Co. ltd.