News: TCH Touchcorp signs agreement with Change Up Holdings

July 25 (Reuters) - Touchcorp Ltd (TCH) :

• Touchcorp signs agreement with Change Up Holdings Limited
• Signed a software development & transaction services agreement with Change Up Holdings Limited
• Initial payment earned by touch is aud$11.25 million, paid as to $6.25 million in cash and 10 million shares in change up
• Change up shares are being offered to potential placement participants at A$0.50 per share
• "Will continue to be entitled to further payments for transaction processing fees and additional integration fees "
• Expects deployment of change up application in initial intended countries to result in long-term transactional revenue stream for co