Hombre Capital Provides Update on Activites

October 28, 2014 5:31 PM EDT | Source: NovaTeqni Corporation

Calgary, Alberta--(Newsfile Corp. - October 28, 2014) - Hombre Capital Inc. (TSXV: HOM.P) ("Hombre") is pleased to announce that Novateqni Hong Kong Limited (its 100% owned subsidiary) has received the first order of the “Vodapos” unit from Vodacom.

The Vodapos unit, which was developed by Novateqni for Vodacom incorporates a quad core Android platform with a 10” touch screen, a numeric POS keypad, integrated POS printer, 1D or 2D barcode reader, and optional fingerprint and NFC readers in a single housing. The integration of a high capacity battery allows the Vodapos unit to be operated for a few days without requiring re-charging. The device can be recharged from mains power, solar or vehicle batteries allowing the Vodapos unit to be used in areas where mains power is not available. An important feature is that the highly flexible Vodapos unit is also designed to be used on a mobile basis, which facilitates its broad range of functionality into many areas which were previously not possible.

The new Vodapos unit will allow Vodacom to extend its points of presence and managed business services to all current regions where it operates as well as being able to provide applicable business services to rural areas. The inherent functionality provided by the Vodapos unit will enable applications such as B2B transactions for micro to large retailers, SIM sales, airtime top-up and other pre-paid transactions, retail POS, eBanking and money transfers, etc.

Novateqni expects to deliver the first production units, to be used for live field testing, during December of 2014.

According to Vodacom’s website, Vodacom is a leading African mobile communication company providing a wide range of communication services including mobile voice, messaging, data and converged services to over 57.5 million customers. From their roots in South Africa, they have grown their mobile network business to include operations in Tanzania, DRC, Mozambique and Lesotho. The mobile networks cover a total population of approximately 200 million people. Through Vodacom Business Africa (VBA), Vodacom also offer business managed services to enterprises in over 40 countries across the continent. Vodacom is majority owned by Vodafone (65% holding) one of the world’s largest mobile communications companies by revenue.

For further information, please contact Ted Pomerleau, Business Development Manager of Hombre, by email at hombrecapitalinc@gmail.com.

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information concerning the use of the Vodapos unit and the expected timing on delivery of the first production units. The forward-looking statements and information are based on certain key expectations and assumptions made by Hombre, including expectations and assumptions concerning the productions and commercialization of its products. Although Hombre believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Hombre can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, the ability of Hombre to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of Hombre's assets and businesses, competitive factors in the technology industry, changes in laws and regulations affecting Hombre's business, technological developments, whether Hombre can continue to commercialize its products or whether demand for its products decreases of disappears, and general economic conditions.

Additional information on risks and uncertainties and other factors that could affect Hombre's operations or financial results are included in Hombre's reports on file with the Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) .Furthermore, any forward looking statements contained in this news release are made as of the date of this news release, and the company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such forward looking statements, although considered reasonable by management as of the date hereof, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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