-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H2/OKj9RTmfbPMfwzqN/FvV73b0DWwawk1KB+bhraO7xDw2Cq0MIwE0SQOMRjAje lnXxOcEtYvFpJNLnqnEGZA== 0001129120-09-000006.txt : 20090506 0001129120-09-000006.hdr.sgml : 20090506 20090506150143 ACCESSION NUMBER: 0001129120-09-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090506 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20090506 DATE AS OF CHANGE: 20090506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTSPHERE ASSET CORPORATION, INC 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: 09801060 BUSINESS ADDRESS: STREET 1: 2140 STREET 2: PEGASUS WAY N.E. CITY: CALGARY STATE: A0 ZIP: T2E 8M5 BUSINESS PHONE: 4032900264 MAIL ADDRESS: STREET 1: 2140 STREET 2: PEGASUS WAY N.E. CITY: CALGARY STATE: A0 ZIP: T2E 8M5 FORMER COMPANY: FORMER CONFORMED NAME: WESTSPHERE ASSET CORP INC DATE OF NAME CHANGE: 20001129 8-K 1 trac2.htm TRAC PRESS RELEASE Converted by EDGARwiz



Press Release

SOURCE: Westsphere Asset Corporation, Inc.

Friday May 5, 2009


PRESS RELEASE

Source: Westsphere Asset Corporation, Inc. (“Westsphere”)

Calgary Alberta, Canada Westsphere Asset Corporation, Inc. today announces that the Board of Directors has withdrawn its approval of the transfer of 100% of its interest in the issued and outstanding shares held in its majority controlled subsidiary TRAC P.O.S. Processing Inc.  (“TRAC”) to Westsphere wholly owned subsidiary Westsphere Systems Inc. (“WSI”).


 “Based on an ongoing review and recent advice as to the viability of TRAC with its current financial position being in question, the Board does not view TRAC having any future potential economic value towards the consolidation of business operations within WSI.  Notwithstanding Westsphere’s past support, based on recent events I see the winding down of TRAC as an operating company in the very near future.” stated Doug Mac Donald, President and CEO of Westsphere Asset Corporation, Inc.


About Westsphere Asset Corporation


Westsphere Asset Corporation, Inc. (WSHE) is a financial holding company in


Canada.  The Company has established a significant presence in the non-conventional


Canadian banking sector including Automated Banking Machines (ABM),


Point of Sale Machines (POS), Online Computer Banking (OCB) and


E-Commerce transaction security and payment Systems.  Westsphere maintains and


services an ABM network across Canada and is a full participating member of the


Canadian INTERAC Banking System with its Switch Processor Westsphere


Systems Inc.





Financial Profile:

·

CAPITALIZATION: 75,000,000 COMMON SHARES WITH NO PAR VALUE

·

SHARES ISSUED: Common- 591,726

·

    : Voting Preferred- 1,417,118

·

For further details, please refer to WSHE website

·

WSHE Symbol OTCBB

·

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. 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.

      #12 – 3620 – 29th Street N.E.

     Calgary, Alberta, Canada

     T1Y 5Z8



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