TORONTO, Oct. 20, 2004 (PRIMEZONE) -- Peter L. Preston, President and CEO of Bach-Hauser, Inc. (Pink Sheets:BHSR), a publicly listed company and Martin Grenier, CEO and President of DM2 Technology of Montreal, Canada, a privately held company are pleased to announce that they have signed a Letter of Intent whereby Bach-Hauser, Inc. will acquire 100% of DM2 Technology, Inc. Due diligence has been completed and signing of formal agreement should be executed within 14 days.
DM2 Technology specializes in the sale of POS (point of sale) equipment and software to handle bank card and credit card payments. DM2 has 150 sales agents across Canada. DM2 Technology has been in the handling of Interac and Credit Card transaction payments since the government of Canada deregulated this market a few years ago. At present, DM2 has approximately 1,000 terminals in retail outlets in the provinces of Quebec, Ontario and British Columbia.
DM2 TECHNOLOGY Inc. challenges competitors in the point of sale industry by implementing innovative solutions for businesses in order to reduce their overall operating cost. Small and large business owners looking to make financial savings in regards to their debit and credit card processing cost, find DM2 TECHNOLOGY INC the company of choice. Through commitment to their customers, their unique sales experience, and clarity of purpose and value, the company aims to "achieve what the others don't".
DM2 have agreements with Datawest and BCE Emergis for the processing of transactions of direct Interac Payments.
Company website www.dm2debit.com
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.