Intelagy Issues Alert To Its Customers Regarding Digital Payments
June 25, 2014
Intelagy Corp., a wholly owned subsidiary of Phantom Fiber Corp. ( a publicly traded company, stock symbol PHFB) today issued an alert to its customers regarding recent trends and forecasts in the digital payment sector.
Intelagy has consistently been in the forefront of developing technology designed to allow its customers to capitalize on emerging trends in this sector. At the beginning of e-commerce business, Intelagy immediately understood that then existing payment systems would become obsolete. In anticipation of that, Intelagy designed cutting edge solutions to address what it knew would be state of the art technology in the future. Its mobile and ecommerce payment options are now positioned to meet the needs of anyone doing business in either a web or mobile based environment. Recently, two highly regarded business research firms have confirmed, with data, what Intelagy understood at the inception of digital payments; less and less business will be done face to face, and more and more business will be done through ecommerce and mobile platforms.
This past Monday, Jupiter Research Inc. released a report indicating that digital payments will reach $4.7 trillion by 2019, up from $2.5 trillion in 2014,. The report, called Digital Payment Strategies: Online, Mobile & Contactless 2014-2019, finds that the largest net increase in spend will occur through remote physical goods purchases. Forrester, another leading research firm, predicts that the largest market for this growth will be the United States.
Intelagy was created in anticipation of, and to capitalize on, these trends. Its current customers will clearly benefit from that vision, and it anticipates that more and more businesses will migrate to it because of its unique ability to provide solutions to problems customers haven’t anticipated.
This news release includes certain forward-looking statements concerning the future performance of Kading Companies, SA’s business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.