New Shareholders Invest in Sendah
A group of prestigious technology and new media investors led by Robert Lessin and Scott Booth invests in Sendah, the unified online service for cross-border transactions.
Online, April 28, 2010 (Newswire.com) - Hong Kong, China - February 11, 2010 - A group of prestigious technology and new media investors led by New York-based investors Robert Lessin and Scott Booth invest in Hong Kong- registered VeriPay Mobile Systems, Ltd., the subsidiary of Ayannah Information Holdings, Ltd. operating Sendah, the unified online service for cross-border transactions.
According to Ayannah CEO, Miguel Perez, "Ayannah is very pleased to attract capital from Robert Lessin, one of the world's most respected technology and new media investors. Bob invested in VeriPay Mobile Systems, Ltd., our operating subsidiary for Sendah, the unified online service for cross-border transactions."
Lessin is the Vice-Chairman of Jefferies & Co., the global investment bank headquarter in New York. Prior to this, he was Vice-Chairman of Salomon Smith Barney, where he was also a member of the Executive Committee and Head of Investment Banking. Prior to this, he was Vice-Chairman at Morgan Stanley where he became the youngest-ever partner in 1987.
Perez adds, "We value not only Bob's equity capital but also Bob's deep knowledge of global financial markets. We will rely on his wisdom as we grow Sendah globally."
Perez adds, "Ayannah is likewise very priviledged to attract capital from Scott Booth, one of the most successful emerging market hedge fund managers in the world. Scott is one of the largest personal investors in AliBaba prior to AliBaba's IPO. Scott understands emerging markets and new media. Scott's knowledge and network in emerging markets will be invaluable as we expand in other large inward remittance markets such as India and China."
While Charity Lu, Ayannah CFO, declined to disclose the amount invested by the new shareholder group, she explained that the funds will be used for further product development of Sendah and its derivative products.
Ayannah recently launched Sendah, a unified online service that allows expatriates to stay connected and maintain relationships. Sendah is a preferred way to send load or prepaid airtime credits, money and gifts to loved ones in the Philippines.
For additional information of the news that is the subject of this release, you may contact Ms. Dyza Portugal or visit www.ayannah.com.
About Ayannah:
Ayannah provides innovative services that enable secure, reliable and convenient transactions for online and mobile communities. Since 2004, we have enabled billions of transactions globally. Ayannah operates Sendah, the unified online service that allows expatriates to stay connected and maintain meaningful relationships. Sendah is a preferred way to send load or prepaid airtime credits, money and gifts to loved ones in the Philippines.
Contact:
Dyza Portugal
Marketing and Communications
Ayannah Information Solutions, Inc.
http://www.ayannah.com
http://www.sendah.com
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