SFPS Transactions up 80%!!

[Johnny3d]

I noticed this company a couple days ago. Apparantly they recently had some limitations lifted on how many transactions they can process. Since then the number of transactions has soared 80% not to mention the companies customer base has risen 30% On top of all that, they are expecting customer base and transactions to nearly double in coming months. The stock as been holdin steady for a week or two, get in while you can. I did.

[Lux]

SafePay Solutions Approved for Unlimited Processing; Total Transactions and Related Revenue Expected To Surge

NEW YORK, March 21 /PRNewswire-FirstCall/ -- After being limited by the
amount of processing that it could conduct without paying a penalty, SafePay
Solutions, Inc. (OTC Pink Sheets: SFPS) announced earlier today that it had
been approved for unlimited processing. The company can now process all the
credit card transactions that it was previously unable to process without
paying a penalty, and can pursue other revenue producing avenues. As a result
of this major development, SafePay expects that the dollar amount of total
transactions processed and the related revenue should grow significantly.

Under the old system, SafePay was limited to only two hundred thousand
dollars ($200,000) worth of credit card processing per month. On all
processing over that amount, the company had to pay a 6% penalty per
transaction. Therefore, a backlog was created with merchants and consumers
having to wait for their turn to be processed. Under the new system, all of
SafePay's backlogged customers will no longer have to wait, and new
transactions can be processed without having to pay any type of penalty.

As a result, SafePay expects that the dollar amount of monthly
transactions processed will increase substantially to approximately $1,000,000
per month within 60 to 90 days. With this increase hopefully resulting in
higher operating revenues, SafePay plans to pursue other revenue producing
outlets, such as auction and gaming sites, while not being limited by how many
transactions are processed.http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-21-2006/0004324411&EDATE=



SafePay Customer Base Growing 30% per Month
OS Commerce Shopping Cart Integrated into SafePay Product Line

NEW YORK, April 6 /PRNewswire-FirstCall/ -- SafePay Solutions Inc. (OTC Pink Sheets: SFPS (http://finance.yahoo.com/q?s=sfps.pk&d=t) - News (http://finance.yahoo.com/q/h?s=sfps.pk)), announced today that individuals and companies opening new SafePay accounts are increasing at a rate of 30% per month. Online product companies are requesting merchant supplier verification from SafePay on an average of 20 per day.

SafePay management expects the number of online product companies requesting merchant supplier verification daily will continue to increase, with daily requests expected to double within the next 60 days.

http://biz.yahoo.com/prnews/060406/flth017.html?.v=50


http://www.pinksheets.com/quote/chart.jsp?symbol=SFPS

http://charts.edgar-online.com/ext/charts.dll?2-6-8-0-0-53-03NA000000SFPS