Bach-Hausers Projected 2005 Revenue

Thursday 13 January 2005 10:42 CET | News

Bach-Hauser announced projected revenues for calendar year 2005. Bach-Hausers fiscal year end is December 31, 2005. At present Bach-Hausers revenue is generated from its wholly owned subsidiary DM2 Technology, Inc.. DM2s fiscal year end is May 31, 2005. The projected revenue figures were generated by DM2 technology.

DM2 revenue is generated from three distinct sources all originating from POS (point of sale) terminals contracted under DM2 and installed in individual merchant outlets; such as traditional retailers, online retailers, taxis and courier companies. The three sources are electronic PIN distribution for pre-paid long distance cards, pre-paid wireless phone cards, and processing traditional POS transactions (credit card and debit card payment transactions). The company is conservatively estimating revenues from all sources to be $15,000,000.00 this calendar year. This estimate is based on present terminals that are active in the field and terminals under contract that will be installed this year. The company has experienced tremendous growth in the past four months and we expect to maintain this high level for the balance of this year.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce