E-Debit Global Corporation from 2001 through to March 2014 was a publicly listed company and reporting issuer with the SEC and Alberta/British Columbia
All Corporate Notices regularly filed can be accessed here.
Originally established in 1998 as Westsphere Asset Corporation a North American holding and investment company for participation of in the non-conventional banking business centered in Canada related to the "white label" ATM industry. Since December 2000 and being listed as a SEC publicly listed Corporation reporting issuer in 2001 under the trading symbol "WSHE" OTC:BB we focused on providing integrated electronic commerce and payment solutions including merchant transaction processing services through our various subsidiaries and corporate partners.
In early 2010 "WSHE" changed its name to E-Debit Global Corporation centering its business focus on its transaction processing operations. As a result of a financial review by the Board of Directors the expanse and the cost associated to regulatory and filing compliance had gotten to the stage where continued compliance was to the point it rendered continued corporate filing financially and administratively unmanageable.
On March 27, 2014 E-Debit Global Corporation filed a Form 15 with the SEC - "Certification and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act. E-Debit Global Corporation has completed its operational and administrative re-organization and continues as a non-reporting Colorado Corporation. The company continues to review all opportunities it holds based on its 14 years of fully compliant reporting and significant "loss carried forward" on the balance sheet.
E-DEBIT GLOBAL CORPORATION
January 20, 2017 - In order to facilitate opportunities being presented related to the company's listed status for trading on the OTC Market Group with the trading symbol WSHE the company's management has commenced an immediate review with related professional advisers of a re-organization of the Company initiated and authorized by the shareholders. It is anticipated the results of the review will be completed by the 1st of February 2017 and will be announced on the web-site as well as timing for annual shareholder meeting.
January 19, 2017 - Further to our Information outlined below dated November 14, 2016 E-Debit Global Corporation has initiated a tentative legal remedy related to the reported third party Action. Notwithstanding the legal remedy currently being put into place the negotiations with California based Automated Transfer Systems Inc. has been definitively terminated. While the Company and our legal counsel continues to review the circumstances which interrupted this opportunity and the nature of potential recourse, the management continues the review of opportunities being presented related to E-Debit Global Corporation.
November 14, 2016- Due to a third party action filed against the company, the ongoing negotiations with Automated Transfer Systems Inc. has been terminated.
The Company has disputed this action as having no merit and is unwarranted. The Company will be seeking a legal remedy related to this action.
October 15, 2016 - E-Debit Global Corporation - has entered into negotiations with Anaheim, California based Automated Transfer Systems Inc. USA regarding an Asset Purchase for certain corporate Shareholding Assets held by E-Debit Global Corporation. Automated Transfer Systems Inc. USA has 60 days for due diligence and review to execute the proposed Asset Purchase.
March 27, 2014- Review President & CEO's - Letter to the Shareholders regarding Certification and Notice of Termination of SEC Registration - Click Press Release Button
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