February 2008

The F/X Office™ (a division of Debitac International Inc.) and Newbridge Canada Agreement Brings the Philippines Closer to OFW’s in Canada.

TORONTO—Newbridge Canada (Newbridge), one of North America’s premier mortgage and wealth

management service provider, and The F/X Office™, a leader in cash acceptance network services, (a division of Debitac International Inc. (Debitac), a leader in real-time debit payment solution for foreign banks), today announced a pilot agreement to offer The F/X Office™ money-transfer service for OFW’s in Canada.

The F/X Office™ and Newbridge have begun a pilot to offer money-transfer services using both self-served and manned kiosks. The money-transfer service is aimed to help generate foot traffic for Debitac’s foreign bank partners. More OFW’s are getting comfortable with Debitac’s high-tech payment solution, but many still want to use a walk-in payment service to remit money to their beneficiaries.

Based upon a successful pilot offer of The F/X Office ™ money-transfer service, Newbridge will roll out the service across its national branch network in the early Q2/2008.

“As one of Canada’s leading payment processor to foreign banks and money service businesses, it makes sense for us to work with a trusted partner that can provide OFW’s with the broadest possible reach when it comes to sending money to the Philippines,” said A. Johnny Rupani, Vice-President Business Development, The F/X Office™. “This is a further step in our commitment to reflecting the unique needs of multicultural communities through our Asian Pacific bank partners. Today’s announcement enables us to provide OFW’s in diverse communities across the country with the ability to send money to friends, family and business colleagues in the Philippines in a safe, fast and convenient manner, simply by using their F/X Office™ “Bank On” card.” The “Bank On” model is an Anti-Money Laundering initiative designed by Debitac International Inc. Utilizing electronic funds transfer from North American settlement banks to our foreign bank partner’s accounts fully complying to both FINTRAC and FINCEN’s AML policies.

“Newbridge and The F/X Office™ are brands consumers know and trust,” Stephen Lee, President of

Newbridge, added. “One of our strategic goals is to expand our financial services through The F/X Office™ targeted audience; this will include enabling remitters to conveniently access Newbridge’s services at our local branch, online or over the phone. For many remitters, The F/X Office™ service represents an important connection with their immediate and extended families. Anything that we can do to make that connection easier is an example of the tremendous value The F/X Office™ brand adds to the money-transfer industry. Together with Newbridge, The F/X Office™ looks forward to providing Canadian OFW’s one more way to connect with their families back home.” Having secured agreements with several foreign banks increases the distribution of money remitted through The F/X Office™ appointed branches.

“We are excited about the doors that this partnership opens for our Asian Pacific bank customers,” said Gina Capistrano, V.P. Asian Business Development, Debitac International Inc. “We are now able to enhance our “High Tech” model by adding a “High Touch” presence in Canada with Newbridge’s extensive distribution network to maximize the opportunities for OFW’s to get their money where they need it to go.”

About The F/X Office™

The F/X Office™ is an innovate leader in cash acceptance services, providing ’cash preferred’ consumer marketplace in North America with fast, reliable and convenient ways to remit money back to their loved ones. In 2008, it will operate through hundreds of Agent network locations in Canada and the U.S.

About Newbridge Canada

Newbridge is one of North America's premier mortgage brokerage and wealth management service vendor. The Newbridge Commercial and Residential Mortgage Finance team consists of a diverse group of friendly and knowledgeable professionals who are dedicated to serving their customers unique needs. Newbridge offers mortgage loan products and tailored financial solutions to meet each individual’s unique borrowing needs.

Press Relase Source: Debitac International Inc.