Excel Corporation (OTCMKTS:EXCC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 16, 2017 Karl Power was removed as a member of the board of directors of Excel Corporation (the “Company”). Mr. Power’s removal was done by written consent of a majority of the voting interests of the Company’s common stock as permitted to its bylaws.
About Excel Corporation (OTCMKTS:EXCC)
Excel Corporation sells integrated financial and transaction processing services to small and medium sized businesses throughout the United States. The Company provides these services through its subsidiary, eVance Processing Inc. (eVance). Through its eVance subsidiary, the Company provides an integrated suite of third-party merchant payment processing services and related proprietary software enabling products that deliver credit and debit card-based Internet payments processing solutions to small and mid-sized merchants operating in physical brick and mortar business environments, on the Internet and in retail settings requiring both wired and wireless mobile payment solutions. It also operates as a wholesale Independent Sales Organization (ISO), generating individual merchant processing contracts in exchange for future residual payments. Excel Corporation (OTCMKTS:EXCC) Recent Trading Information
Excel Corporation (OTCMKTS:EXCC) closed its last trading session down -0.0029 at 0.0771 with shares trading hands.