Microsoft Word - PAX 327HK Press Release Eng 20141229_Final PAX Named Vendor of Argentina's LAPOS (Hong Kong, PRC, 29 December 2014) PAX Global Technology Limited ("PAX" or the

"Company," together with its subsidiaries collectively known as the "Group," HKSE stock code:
00327.HK), one of the world's leading Electronic Funds Transfer Point-of-Sale Terminal ("E-payment Terminal") Solutions Services Providers, has become an authorized vendor of LAPOS (Visa Argentina S.A.) , a large local service institution set up by Visa Argentina. The arrangement enables PAX to enjoy further expansion in the Argentine E-payment Terminal market. Through the advanced collaboration with its local distributor -- First Systems S.R.L., most PAX devices have successfully passed all specific safety and security certification requirements for LAPOS.
LAPOS meets all Argentine laws and regulations, providing services to more than 40 banks and major telecom firms across the country. LAPOS holds an over 80% market share for E-payment Terminal deployment in 2014, and is a local target partner for the major suppliers for E-payment Terminals.
Currently, PAX has fulfilled the first order from LAPOS, which is another important cooperation brought forward by First Systems S.R.L., as it comes close on the heels of the transportation

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projects won in Buenos Aires province. In 2015, PAX is expected to become one of the major
suppliers of the Argentine market.

Mr. Larry Sun, Vice President of PAX, said: "We thank our partner First Systems S.R.L. for its continued efforts and support. We believe that the further expansion of the Argentine electronic payment market will significantly enhance our competitive position in Latin America."

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About PAX Global Technology Limited (www.paxglobal.com.hk)

PAX Global Technology Limited (Stock Code: 00327.HK) is an electronic funds transfer point-of-sale terminal ("E-payment Terminal") solution services provider. PAX is principally engaged in the development and sale of E-payment Terminal products and the provision of solutions services. PAX Global was listed on the main board of The Stock Exchange of Hong Kong Limited on 20 December 2010. The Group currently collaborates with over 80 partners worldwide on E-payment Terminal solutions.
The Company is one of the world's leading E-payment Terminal solutions providers. According to The Nilson Report June 2014 Issue -- the world's leading source of news and research on consumer payment systems -- PAX Global ranked No.3 globally by shipping volume of E-payment Terminals in 2013. Shipment Volume of its E-payment Terminal products reached over six million units and are sold to more than 80 countries and regions, including the US, Singapore, Taiwan, Brazil, India, Japan, South Korea, New Zealand, EMEA, Latin America and Central Asia.

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