We are pleased to announce that the Chief Marketing Officer for Payolog (www.payolog.com) flew in from California and visited our office today for a face to face meeting to continue previous discussions and to further review our technology and its fit with their technology solutions.
Payolog is an Irvine, California based company, with offices in Calgary and the UAE. They are a processing company that provides a variety of payment system solutions in a number of fields, including: automated fare collection; mobile ticketing; event ticketing; loyalty management; credit and debit card management; prepaid card management; POS/terminal management and mobile city platforms.
A Mutual Non-Disclosure Agreement has been signed as a preliminary step towards reaching their stated goal of becoming a Value Added Reseller/Integrator for iSIGN technology. Their desire is to add our proven mobile messaging capabilities to their technology for their clients, as well as to sell our technology as a standalone system to other companies.
Further discussions are scheduled to continue towards the end of the month.