Acies CEO Interviewed by
Entrepreneur Radio, the Voice of Entrepreneur Magazine, on
Latest Developments to Maximize Revenue-Generating Opportunities
NEW YORK CITY, Feb. 7, 2005 (PRIMEZONE) - Acies Corporation (OTC
BB: ACIE) CEO Oleg Firer in a live interview broadcast over
Entrepreneur Radio, the voice of Entrepreneur Magazine today
discussed the latest company developments to maximize
revenue-generating opportunities. The interview is available for
review at
http://www.wsradio.com/entrepreneurshow/february2005.htm.
During the program, Entrepreneur Radio host Lee Mirabal noted
that, "Electronic transactions now account for 54% of all
purchases.'' She also reported that, "by the year 2007,
electronic transactions are predicted to surpass $22.6
billion.''
Two of the company's most recent innovations the Business Cash
Advance Solution and its Sales Central program were covered in
depth during the interview.
Firer said 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. He said the program is especially
popular with restaurant owners.
The CEO said the company's "Sales Central'' program was designed
to provide 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.
Firer said Sales Central also assists the company's sales force
with leasing, interchange, paperwork, and statement analysis.
Ultimately, he said, sales channels and marketing partners will
be able to allocate more time to developing new business for
Acies.
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
