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Digital Payment Technologies Corp. Announces a $4.4 Million Financing

Posted by:  Chris Chettle     http://www.digitalpaytech.com
From:  Digital Payment Technologies
Date:  8/25/2006
Digital Payment Technologies Corp. Announces a $4.4 Million FinancingVancouver, BC Digital Payment Technologies Corp., a leading supplier of revenue management solutions for the global parking industry, is pleased to announce a venture loan of $2.4 million from MMV Financial, a new trade finance facility of $1 million from the Royal Bank of Canada and an investment of $1 million from ENSIS Growth Fund and Digitals CEO.
We are very pleased to have received this funding and financing facilities from MMV, Royal Bank, ENSIS and our CEO. said Ron Barnes, Chairman of Digital Payment. These funds will be used to foster the significant growth our Company is experiencing.

Digitals new product releases over the last two years are being rapidly accepted in the marketplace, and we are pleased to be able to assist in their growth, said Ron Patterson, MMV Financials Executive Vice President.

"We see excellent products at Digital and are pleased to support the continued expansion of the business," stated Bill Watchorn, President and CEO of ENSIS."
 
About Digital Payment Technologies Corp.:
Digital Payment is an innovative leader in the design, manufacture and distribution of innovative revenue-management hardware, software and wireless solutions for the multi-billion-dollar parking industry. The companys products provide complete financial tracking, control and reporting on parking revenue collected by cities, municipalities, universities, parking management companies, private operators and national parks, from customer payment through to bank deposit.
 

Source: www.digitalpaytech.com
 
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