Oxford Investments H (OXIHF)

Description:

Oxford Investment Holdings Inc. was incorporated under the laws of Ontario, Canada on October 13, 2000, as a holding company under the name International E Gaming Developers Ltd. On May 17, 2001 the Company changed its name to Oxford Software Developers Inc. and on December 16, 2003 it changed its name from Oxford Software Developers Inc. to Oxford Investments Holdings Inc. The Company was incorporated with the objective of capitalizing on the growth of Internet gaming and entertainment - e-gaming. In May 2003, it initiated two business ventures to further diversify the Company's interests in the lifestyles consumables market. The first initiative was the distribution of a private line of UV-free tanning products and booths and the second initiative was the distribution of private labeled bottled spring water. Due to recent changes in United States law, the Company has discontinued the business operations of Internet Gaming and private labeled bottled spring water and has focused its core operations on the direct banking and stored card value market. It has entered into the direct-banking and payment-card solutions business by concentrating its business around its 'FocusKard' suite of products. The 'FocusKard' suite of products consists of an online-access account represented by a stored-value card. Stored-value cards are a substitute for cash, gift certificates, and check payments. Monetary value is added to the stored-value account before the card is used, with the value either being funded by the cardholder directly, or by the card program operator in commercial applications. FocusKard offers a complete payment solution with world-class service at competitive rates. The Company's expertise in risk management, authentication, and fraud detection has enabled them to develop a product backed with technological protections such as redundant data centers, while giving customers the security of a PIN and a zero-liability policy. The Company operates its business through three wholly-owned subsidiaries: International E Gaming Developers, Inc. incorporated under the laws of Antigua and Barbuda, British West Indies on November 3, 2000; Celebrity Tan, Inc. incorporated under the laws of Ontario, Canada on May 28, 2003; and Ontario Private Water Labeling Ltd. incorporated under the laws of Ontario, Canada on May 28, 2003. Celebrity Tan, the Company's wholly-owned subsidiary, entered the UV-free tanning market in 2003, marketing a line of instant mist tanning booths and supplies. The Company has developed a national network of sales agents to promote Celebrity Tan booths to salons, health spas, fitness centers, and hotels across Canada and in other countries, including Europe and the United States. International E Gaming Developers, Inc., is the Company's wholly-owned subsidiary through which they operated its gaming business. In 2003, the Company did not renew its online gaming license since the Company decided to no longer operate an online casino. Due to recent changes in United States law with respect to Internet gaming, the Company is no longer involved in Internet gaming activities. Ontario Private Water Labeling Ltd. (OPWLL), the Company's wholly-owned subsidiary, is engaged in bottled water distribution and sales. It has discontinued operations of OPWLL and focuses its operations on the direct-banking and payment-card solutions business concentrating around its 'FocusKard' suite of products. The Company competes with a variety of companies in various segments of the financial service industry. It faces a number of competitors in the debit card and payment market as well as for the wholesale distribution of stored-value cards. The Company seeks to protect its trademarks, copyrights and other proprietary rights through confidentiality and 'non-compete' agreements and common law precedents.