On April 15, 2007, Spectre Technology Corporation (the "Company") sold 7,980,000 shares of its common stock to Andorra Banc Agricol Reig, SA, a financial institution located in the Principality of Andorra in Europe, for an aggregate purchase price of $3,990,000 for a per share purchase price of $0.50.
The founder and Chairman of the Company, Alain Ghiai, was instrumental in organizing and delivering this transaction to a close.
About Spectre Technology CorporationÂ
Spectre Technology Corporation (www.globalpaynet.com) has developed and currently markets a fully integrated software solution. Spectre facilitates credit card processing services for credit card based transactions of small to medium sized companies worldwide through its GlobalPayNET™ brand. The Company's software solution functions as a gateway allowing clients to seamlessly process credit card transactions (purchases, sales and refunds) over the Internet.
