Leading Point-of-Sale (POS) Solution Provider in China Poised for U.S. Growth

ATLANTA & SHENZHEN, China -- PAX, the leading global provider of innovative electronic payment terminal products, today announced the appointment of Michael Mulcahy as President and Chief Executive Officer of PAX鈥檚 United States operations, effective immediately. Mr. Mulcahy is responsible for directing and driving business activities in the United States for PAX, one of the fastest growing point-of-sale (POS) solution providers in China. He replaces Ken Paull, who is leaving PAX to pursue other opportunities.

鈥淧AX has proven successes in China鈥檚 rapidly expanding payment card market, and Michael Mulcahy has the leadership and industry experience to successfully lead us as we establish ourselves in the United States,鈥?said Thomas Xu, PAX Chairman. 鈥淲e look forward to Mike鈥檚 leadership and contributions as we build on our global strength and concentrate on the U.S. electronic payment solutions market.鈥?

Mr. Mulcahy previously served as Executive Vice President of Business pandora style beads Development for PAX. He joined PAX from ExaDigm, a provider of mobile payment terminal solutions where he served for 7 years, first as President and Chief Operating Officer then as Chief Executive Officer. Previously, Mr. Mulcahy held executive positions with Panasonic鈥檚 POS Systems Division, NBS in Canada, California Retail Data Systems and Pacific Data Systems.

About PAX Technology Limited

PAX is a leading global provider of innovative electronic point-of-sale (POS) payment terminal solutions Prada Replica Handbags and the dominant supplier in China. PAX officially opened its first U.S. office in September 2008 with headquarters in Atlanta, GA. PAX also has distribution in more than twenty countries worldwide in Asia (Hong Kong, Korea, Singapore, Malaysia, Thailand, Indonesia, Vietnam), the Middle East (UAE, Saudi Arabia), Europe (Russia, Denmark, Belgium, Luxembourg, France, Greece), Africa (South Africa, Nigeria, Ghana) and South America (Colombia, Chile). PAX is solely owned by HISUN Technology, which is listed in the Hong Kong stock market.

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