Acies CEO Comments on
Recent Developments to Generate Increased Revenue Opportunities
in Interview on World Talk Radio Network
NEW YORK, Jan. 27, 2005 (PRIMEZONE) - Acies Corporation (OTC BB:
ACIE.OB) CEO Oleg Firer, in an interview broadcast over World
Talk Radio Network, today discussed recent developments and new
programs to generate incremental revenue opportunities for the
company. Acies is an emerging leader in payment processing and
electronic banking services to small and medium size merchants
across the United States. The interview, conducted by research
analyst Francis Gaskins of IPOdesktop.com, is available for
review at
http://www.worldtalkradio.com/archive.asp?aid=3291.
During the interview, Firer discusses the importance of recent
program innovations, including the company's introductions of a
Business Cash Advance Solution, a new agreement with Paymentech,
a new paperless payroll solution for employers nationwide, and
the launching yesterday of a program called Sales Central.
The CEO pointed out that the Business Cash Advance Solution is
not a loan, but rather is designed to provide businesses that
normally cannot receive financing through traditional means with
a new and effective working capital solution. Up to $125,000 per
location is accessible, and merchants are free to use the funds
in whatever way they choose.
"Since we made the announcement,'' said Firer, "we have had a
very positive response from our existing and potential
customers, mostly in the restaurant industry, and we hope that
this program will be a great success for our company.''
As to the agreement with Paymentech, Firer continued, "By adding
Paymentech as one of our processing platforms, we are now able
to offer our customers a more comprehensive service and product
offering.''
He also noted the Acies Payroll Card Platform will enable
employers to issue employee payroll cards, pay wages and check
payroll history. The solution is comprehensive and provides
real-time management for employers. For employees, the solution
offers a personalized card with immediate access to funds,
accepted at millions of ATMs and storefronts worldwide.
"Sales Central,'' Firer said, "offers a single point of contact
to the company's sales agents, representatives, managers, and
ISO sales support functions to improve conversion rates and
technology advisory functions, in order to reduce deployment
time for merchants and to better troubleshoot merchant issues.
The Sales Central offering will also assist the company's sales
force with leasing, interchange, paperwork, and statement
analysis. Our sales channels and marketing partners need to
allocate as much of their time to developing new business for
Acies as possible,'' the CEO concluded.
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.
For more information, visit 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
