Ablaze Technologies To Focus on Online Payment Processing

Monday 16 May 2005 00:43 CET | News

Ablaze Technologies, intends to streamline its product offerings and portfolio into a core competency focus on Online Payment Processing.

Ablaze management has decided to discontinue, sell, or close down certain marginal business lines and focus all available manpower and financial resources on the full roll-out of the Companys Online Payment Processing solutions to be offered at Of all our online applications, there seems to be significantly more demand and need for a real Paypal Alternative than for all our other products and services combined, stated Dino Price, the Companys President. As such, the Company has decided to discontinue further VOIP network development and most of its many online retail applications, in favor of a stricter focus on payment processing developments. Additionally, the Company is in final negotiations to divest its recently developed Investment News Network in a transaction that will allow the Company to completely eliminate all debt on its balance sheet and allow reinvestment of additional resources in final development of the online payment processing business.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce