General

IFS International Holdings, Inc., a Delaware corporation, is engaged in the business of developing, marketing and supporting software products for electronic funds transfer, retail, e-commerce and retail banking markets. Revenues are derived from these markets are served primarily through the Company's two wholly owned subsidiaries, IFS International Inc., referred to as "IFS" or the "IFS Subsidiary" and Network Controls International, Inc., referred to as "NCI" or the "NCI Subsidiary". IFS International Holdings, Inc. will be referred to as "we", "us" or the "Company". These references, depending upon the context, may include the...