GINSMS Closes Its Acquisition of Inphosoft

GINSMS Inc (GOK-TSX Venture) has closed its acquisition of Inphosoft Group Pte Ltd.

Mr. Jonathan Lai, the Chairman of GINSMS stated: "This is a very exciting moment in the life of the Company. Inphosoft's deployment capabilities targeting mobile operators, financial institutions, media companies and enterprises offer GINSMS the opportunity to unlock the full potential of its IOSMS platform and expand into a large variety of SMS related services in the mobile market not only in its own market but also in the rest of Asia and elsewhere". Mr. Lai goes on to say: "Indeed, with Inphosoft's proprietary technology in SMS message routing and resources, the Company expects to be able to reduce operating costs and increase efficiencies, enabling it to aggressively connect with operators overseas and create a new business revenue stream through international IOSMS routing".

Mr. Joel Chin, Chief Executive Officer of Inphosoft added, "With the completion of this transaction, Inphosoft's management will be single-minded in executing the Company's strategy to realize the synergies of the combined operations. In the next couple of months, both companies will focus on integrating their technology and business units to strengthen the Company's business development and sales capability, increase efficiency and reduce operation cost of its IOSMS business. This marriage is key to both our growth and diversification strategies and I am personally very excited to play a part in this game changing event."