swallow up EPY......Euronet own 40% of epay Malaysia, Whilst EPY...

swallow up EPY......Euronet own 40% of epay Malaysia, Whilst EPY own the other 60%. plus a 51.5% interest in E-pay Indonesia, a 50% interest in
E-pay Pakistan Private Ltd, a 29.7% interest in E-pay Thailand Co. Ltd and an 18% interest in Electronic Payment Network (Thailand) Co., Ltd.

http://www.e-payasia.com/about_achievementstodate.html

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Now read about EPY's partner called Euronet.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060221006220&newsLang=en

February 21, 2006 05:05 PM US Eastern Timezone

The Prepaid Processing Segment reported the following results:

-- Annual revenues for 2005 of $411.3 million,
-- Fourth quarter 2005 revenues of $111.7 million
-- Fourth quarter 2005 operating income of $9.3 million

Total transactions processed by the Prepaid Processing Segment during 2005 increased to 348 million (compared to EPY's 70 million)

As previously announced, the company intends to expand its Prepaid Processing Segment both domestically and internationally through internal sales and promotional efforts as well as, (((((if appropriate, acquisitions)))))

During 2005, Euronet expanded its prepaid business in the U.S. through the March 2005 acquisition of Dynamic Telecom, Inc., ((((a prepaid wireless top-up company,)))) and the July 2005 acquisition of TelecommUSA, a licensed money transfer and bill payment company, and in Europe through the March 2005 acquisitions of Telerecarga S.A., ((((a Spanish prepaid wireless top-up company))))) and U.K.-based ATX Software Ltd., in which it ((((increased its ownership from 10% to 51% by acquiring an additional 41% of the shares of that company.)))))

In October 2005, the company completed the sale of $175 million aggregate principal amount of its 3.50% Convertible Debentures due 2025 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Euronet will continue to use the net proceeds of the offering for general corporate purposes, which may include general operations, share repurchases, ((((acquisitions or other strategic investments)))))