Company PreAxia Health Care Payment Systems Inc.

PreAxia Health Care Payment Systems Inc. is engaged in the development, distribution, marketing and sale of health care payment processing services and products. The Company's PreAxia platform helps in processing and managing accounts, including cardholder and customer account management, reconciliation and financial settlement, and customer reporting is fully operational. The Company offers its services to independent brokers, financial advisors and small to medium sized businesses. The Company also develops software systems for the issuing of health payment cards and financial transaction processing services that are managed by a data center. The Company’s subsidiary is PreAxia Health Care Payment Ltd. (PreAxia Payment). PreAxia Payment is in the process of developing an online access system and creating a health spending account that facilitates card payment and processing services for third-party administrators, insurance companies and others.