Acies Offers New
Financing Solution for Its Small to Medium Size Merchants
NEW YORK, Jan. 19, 2005 (PRIMEZONE) - Acies Corporation (OTC BB:
ACIE), an emerging leader in payment processing and electronic
banking services to small and medium size merchants across the
United States, today announced that it is offering a new
financing solution to its merchant and business customers called
Business Cash Advance Solution. This financing solution is
designed to provide businesses that normally cannot receive
financing through traditional means with a new and effective
working capital solution.
Highlights of Acies Business Cash Advance
Solution:
- Simple application process with minimal paperwork
- Fund availability in 7 days or less
- Up to $125,000 per location
- A flexible payment program based on percentage of future sales
- Merchants are free to use the funds in whatever way they
choose
"Our Business Cash Advance Solution is not a loan, it is an
advance against Visa and MasterCard merchant account receipts,''
noted Oleg Firer, President & CEO of Acies. "This unique
solution enables us to generate additional revenue and margin,
while building relationships with our customers by offering them
the financing to grow their business, as well as the opportunity
to invest in new equipment for their payment processing needs.''
More information on Acies' Business Cash Advance Solution
program is available at:
http://financing.aciesinc.com
About Acies Corporation
Acies, Inc. ("Acies'') a wholly owned subsidiary of Acies
Corporation (OTC BB: ACIE) is a financial services company that
specializes in payment processing services and online banking
services to small, medium and large size merchants across the
United States. Acies' payment processing services enable
merchants to process Credit, Debit, Electronic Benefit Transfer
(EBT), Check Conversion and Gift & Loyalty transactions. Acies'
also offers traditional and next generation point-of-sale
(``POS'') terminals, which enable merchants to utilize Acies'
payment processing services. Acies' banking services offer
customers traditional banking services, ability for customers to
apply for an on-line bank account and pay bills electronically.
Further information on Acies Corporation is available at
http://www.aciesinc.com/.
Forward-looking Statements
"Safe Harbor'' Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity
and access to public markets, operating expense reduction, and
trends in the industry in which the Company operates. The
forward-looking statements contained in this press release are
also subject to other risks and uncertainties, including those
more fully described in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update these forward-looking statements to reflect
actual results, changes in risks, uncertainties or assumptions
underlying or affecting such statements, or for prospective
events that may have a retroactive effect.
Contact:
Acies Corporation
Oleg Firer, President & CEO
(212) 931-5177
oleg@aciesinc.com
