0001079973-13-000330.txt : 20130509 0001079973-13-000330.hdr.sgml : 20130509 20130509165656 ACCESSION NUMBER: 0001079973-13-000330 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130509 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130509 DATE AS OF CHANGE: 20130509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: E-Debit Global Corp. CENTRAL INDEX KEY: 0001129120 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 980233968 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-32051 FILM NUMBER: 13829699 BUSINESS ADDRESS: STREET 1: #12- 3620-29TH STREET N.E. CITY: CALGARY STATE: A0 ZIP: T1Y 5Z8 BUSINESS PHONE: 403-290-0264 MAIL ADDRESS: STREET 1: #12- 3620-29TH STREET N.E. CITY: CALGARY STATE: A0 ZIP: T1Y 5Z8 FORMER COMPANY: FORMER CONFORMED NAME: WESTSPHERE ASSET CORPORATION, INC DATE OF NAME CHANGE: 20080815 FORMER COMPANY: FORMER CONFORMED NAME: WESTSPHERE ASSET CORP INC DATE OF NAME CHANGE: 20001129 8-K 1 edebit_8k.htm FORM 8-K edebit_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(d)
of the
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): May 9, 2013
E-DEBIT GLOBAL CORPORATION
(Exact name of registrant as specified in its charter)
 
Colorado
(State or other jurisdiction of incorporation or organization)
     
0-32051
(Commission File Number)
  
98-0233968
 (IRS Employer Identification Number)

#12, 3620 – 29th Street NE
Calgary, Alberta Canada T1Y 5Z8
 
Address of principal executive offices)
 
(403) 290-0264
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
o
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
o
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
o
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 
 
 
 
Item 8.01:  Other Events
 
Please see the news release titled: "E-Debit Global Corporation in Negotiations to Sell it Day to Day Group Link Inc. Marketing and Distribution Network Operations".

Item 9.01: Financial Statements and Exhibits


(d) Exhibits
 
Exhibits
 
99.1    Please see the news release titled: "E-Debit Global Corporation in Negotiations to Sell it Day to Day Group Link Inc. Marketing and Distribution Network Operations".

 



 
 
 
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
May 9, 2013
E-Debit Global Corp.
   
 
/s/ Douglas MacDonald
 
Douglas MacDonald, President
 
 

 EX-99.1 2 ex99x1.htm EXHIBIT 99.1 ex99x1.htm
Exhibit 99.1
 
 
 
NEWS RELEASE  
May 9, 2013
OTC: QB WSHE
   For Immediate Release

E-DEBIT GLOBAL CORPORATION IN NEGOTIATIONS TO SELL ITS DAY TO DAY GROUP LINK INC. MARKETING AND DISTRIBUTION NETWORK OPERATIONS
 
Calgary, Alberta – E-Debit Global Corporation (“E-Debit”) announces today it is currently in the final negotiation stages for the Purchase and Sale of forty-five (45%) percent of the issued and outstanding shares of all classes of Group Link Inc. held by E-Debit with an Edmonton, Alberta   based investment group, Screenfin Inc.
 
Overview:
 
“During the past 8 months, E-Debit has been engaged in the re-establishment and roll out of its distribution, marketing and sales organization branded GROUP-LINK INC.  With experienced marketing and development management in place E-Debit has determined it is the opportune time to spin the day to day Group Link marketing and distribution network operations out of the company’s direct responsibilities.
 
As a result,  E-Debit is currently in ongoing discussions with an Edmonton, Alberta based investment group Screenfin Inc. headed by Group Link Inc. President and CEO Adam Ursulak to purchase forty-five (45%) of the issued and outstanding shares of all classes of Group Link Inc. held by E-Debit.    We are currently in the initial stages of our due diligence and investigation of the opportunities this sale will bring to E-Debit and the impact on our Corporate structure resulting from the proposed sale” advises Doug Mac Donald, E-Debit’s President and CEO.
 
“Concurrently we continue to focus our attention on how to capitalize, benefit and expand the reach of our present position within the payments and “non-conventional bank” financial services business not only nationally but internationally.  This requires financial and operational partnering and if successful this sale is the first stage of this partnering effort.” added Mr. Mac Donald
 
About E-Debit Global Corporation
E-Debit Global Corporation (WSHE) is a financial holding company in Canada.  The Company through subsidiary development has established a significant presence in the privately owned Canadian banking sector including Automated Banking Machines (ABM), Point of Sale Machines (POS), Online Computer Banking (OCB) and E-Commerce Transaction security and payment.  E-Debit maintains and services a national ABM network across Canada and is a full participating member of the Canadian INTERAC Banking System.

Financial Profile:
 
·  
CAPITALIZATION: 10,000,000 COMMON SHARES WITH NO PAR VALUE
·  
SHARES ISSUED: Common 320,046,834
·  
                               : Voting Preferred – 81,518,410
·  
For further details, please refer to WSHE website
·  
WSHE Symbol OTCQB
·  
Transfer Agent: Holladay Stock Transfer Inc.                                                                                                           
·  
2939 North 67th Place                                                                                                
·  
Scottsdale, Arizona 85251
 
DISCLAIMER
Forward-Looking Statements: This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties.  The forward-looking statements, which address the Company’s expected business and financial performance, among other matters, contain words such as “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.  All statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and WSHE does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.  Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the underlying assumptions related to the events outlined in this news release proving to be inaccurate or unrealized, events impacting the likelihood and timing of the completion of the events outlined, such as regulatory approvals, and the Company’s ability to exploit the payment platform and other assets and execute on its strategy to develop and issue new and enhanced payment products and services and increase the Company’s revenues from such products and services.

For further information, please contact

E-Debit Global Corporation
Tony Tsigonias
Telephone: 1 (604)817-8960


www.edebitglobal.com
 
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