EFT Canada Inc.

EFT Canada Inc.

September 18, 2008 11:44 ET

EFT Canada Receives 2008 Profit Hot 50 Ranking

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2008) - PROFIT: Your Guide to Business Success, a publication owned by Rogers Communications, has named EFT Canada Inc. (TSX VENTURE:EFT), to the 23rd spot on the 9th annual PROFIT Hot 50 Rankings. The PROFIT HOT 50 is the definitive ranking of Canada's emerging 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.

"The PROFIT Hot 50 companies illustrate the ingenuity and vitality of Canada's entrepreneurial sector. Any one who wants to start or grow a business can draw much inspiration and many lessons from the HOT 50,"stated editor Ian Portsmouth.

EFT Canada embarked on a comprehensive campaign to deliver an easy-to-use, yet robust, EFT/ACH transaction processing platform for small- and medium-sized businesses in North America. Using the web-based platform, clients are given the ability to perform pre-authorized debits and direct deposits to customer and/or employee bank accounts in Canada the United States.

EFT Canada has been able to deliver superior service and customer support by efficiently executing this niche and building on the strength of its core infrastructure. Since January 2005, EFT Canada has grown 459%, expanded its employee base and serviced clients around the globe. This is EFT Canada's second consecutive PROFIT Hot 50 ranking.

Randy Waxman, Chief Operating Officer commented, "All the employees at EFT Canada have worked incredibly hard to create a top-notch services company. It is very difficult work and it is great to see the Company's achievements recognized by both, a prestigious business publication and our existing clients. In 2008, EFT Canada is planning for continued growth as it moves to further penetrate Canada and the United States and increases its partner channels."

About EFT Canada

Founded in 2003 and publicly traded on the Toronto Venture Exchange, EFT Canada Inc. (TSX VENTURE:EFT) is a financial processing company offering a complete solution to the collection and payment processing needs of small- and medium-sized business merchants and financial institutions in Canada and the United States. The company develops, and delivers innovative electronic transaction processing technologies, such as customized electronic payment and collection, as well as gift and loyalty card services, by drawing on its operational and applications expertise. For more information, please visit www.eftcanada.com.


PROFIT: Your Guide to Business Success, is Canada's preeminent publication dedicated to the management issues and opportunities facing small- and medium-sized businesses. For more than 25 years, Canadian entrepreneurs 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 increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5-250 employees and annual revenue of $1 million to $25 million, reaching more than 300,000 readers across Canada. Visit PROFIT online at www.PROFITmagazine.ca.

This press release contains forward-looking statements that reflect the company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ significantly from those projected herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

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