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Zomaron Merchant Services Ranks No.21 on the 2013 PROFIT HOT 50

PROFIT Magazine unveils 14th annual list of Canada’s Top New Growth Companies

London, ON, September 4th, 2013—PROFIT Magazine ranks Zomaron Merchant Services NO.21 on its 14th annual PROFIT HOT 50, the definitive ranking of Canada’s Top New Growth Companies. Published in the October issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth.
Zomaron Merchant Services, a credit and debit card processing company, made the PROFIT HOT 50 list with two-year revenue growth of 841%.
“Zomaron Merchant Services is very thrilled to be on the PROFIT HOT 50 ranking list for the second consecutive year,” says Co-Founder and CEO Tarique Al Ansari. “This year marks many exciting and important events of which the most significant is the agreement to merge Zomaron under the Posera HDX family.” (TSX: HDX)

 

“This achievement reflects the strength of our products, credibility of our company and the dedication of our team.” Says Majid Daia, Chief Product Officer of Zomaron.
“This year’s PROFIT HOT 50 companies embody the entrepreneurial spirit,” says Ian Portsmouth, Publisher and Editor-in-Chief of PROFIT Magazine. “They have grown exceptionally fast in a challenging economy, thanks to the ingenuity and determination of the entrepreneurs behind them.”

 

“Making it to the PROFIT HOT 50 list for the second time is a huge achievement! Paired with last year’s PROFIT HOT 50 ranking and our previous awards and nominations comes to show the continuous success of our company. Thank you to our great sales & operations teams for your integrity and dedication and most importantly many thanks to all our valued merchant members who put their trust in us to handle their electronic payment processing needs” says Co-Founder and Executive VP, Joseph Jongsma.

About Zomaron Merchant Services

Zomaron Merchant Services provides credit and debit card processing solutions to Canadian merchants nationwide. Zomaron is a privately held company with a young and brilliantly keen team. Based in London Ontario with offices in Victoria BC, Edmonton AB, Toronto ON, and Montreal QC— Zomaron was able to expand Canada wide through a web of dedicated sales representatives and strategic partnerships. Large, medium and small size businesses are trusting Zomaron today to provide them with secure, cost-effective and reliable payment solutions. Among its many recognitions, Zomaron was ranked 15th on the 2012 PROFIT HOT 50 and was named a London Chamber of Commerce Business Achievement Awards Finalist in 2012. Visit Zomaron at www.zomaron.com.


About PROFIT Magazine and PROFITguide.com

PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 31 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.PROFITguide.com.

For further information, please contact: 
Joseph Jongsma- Executive Vise-president

Tel:1-888-900-9192

Email: contact@zomaron.com

Social Media:

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The economy was tanking in 2008 when Tarique Al Ansari and Joseph Jongsma joined forces to launch their payment processing business Zomaron Merchant Services.

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In a sector they consider recession-proof – “credit card and debit card use goes up every day,” says Jongsma – the business partners believed the country’s dismal fiscal landscape wasn’t an issue.

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Today’s launch of Square, a free mobile credit card reader Dorsey’s San Francisco company first made available in the U.S. in 2010, is the latest move in a Canadian mobile payment world that already resembles a Wild West. A number of major players — telecoms, credit card companies, banks and others — are already jockeying for position and for the big prizes of revenue and access to customer information.

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