Acies Appoints Elite Financial Communications Group as Investor and Media Relations Counsel

NEW YORK- (BUSINESS WIRE) - April 17, 2006 - Acies Corporation (OTCBB: ACIE), a financial services company that specializes in providing payment processing and online banking services to small, medium, and large-size merchants across the United States, today announced its engagement of Elite Financial Communications Group, LLC, a full-service financial communications firm, to manage all aspects of its new investor and media relations programs, including extensive communications and outreach to the institutional investment community.

Elite will work closely with the executive management team of Acies to develop comprehensive corporate messages that will most proactively leverage senior management's strategic vision, operational and financial performance and ongoing business expertise. In addition, Elite will assist in the development of customized, high-quality, high-impact and fully integrated media communications programs designed to increase consumer, industry and investor awareness of the Company's compelling growth strategies.

Dodi Handy, President and CEO of Elite, noted, "Although Acies boasts a track record of success, an ambitious growth strategy and a focused approach to winning leadership in the payment processing industry, the Company has gone largely overlooked by Wall Street. We are very pleased to be partnering with Acies and look forward to playing a meaningful role in elevating the Company's profile among those in the investment community who are actively seeking compelling, high growth opportunities."

About Elite Financial Communications Group, LLC

Headquartered in Lake Mary, Florida, Elite Financial Communications Group combines diverse expertise, influence, talent and capabilities to achieve quantifiable results for both publicly traded and privately held companies. Established in December 2001 by a partnership group composed of highly reputable financial, marketing and business experts, Elite is rapidly earning international distinction for challenging industry convention and for taking the lead in establishing best practices for proactive financial communications, investor relations and strategic resourcing. For more information on Elite, please visit www.efcg.net.

About Acies Corporation (pronounced "ay-see-us")

Headquartered in New York City, Acies Corporation is a financial services company that, through its wholly owned subsidiary, Acies, Inc., specializes in providing payment processing 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 and the ability for customers to apply for an on-line bank account and pay bills electronically. For more information, visit http://www.aciesinc.com.

"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, including the risk factors in its form 10-KSB for the year ended March 31, 2005. 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.

For More Information, Please Contact: 

Dodi Handy President and CEO Elite Financial Communications Group (407) 585-1080 acie@efcg.net