GM MERCHANT SOLUTIONS MOVES TO WALL STREET

Company relocates its North American Headquarters to New York’s Financial District

NEW YORK, NY – June 4, 2004 – GM Merchant Solutions, Inc. (“GMS”), a registered ISO/MSP of JP Morgan Chase Bank, today announces that it has completed the relocation of its North American Headquarters to an expanded facility located in the heart of New York City’s Financial District.

GMS will now locate its North American Headquarters in a state-of-the-art facility located at 14 Wall Street, Suite 1620, New York, NY, 10005. The new North American Headquarters, a “Class A” location, is situated in proximity to the New York Stock Exchange, which strategically places GMS at the epicenter of global financial activity. The facility will enable GMS to execute on its growth strategy by enabling GMS to expand its operations through acquisition and organic growth. It also offers state of the art training and conference rooms and increased security.

“Our new North American Headquarters enables us to expand our present day operations and accommodates our expansion plans of acquiring portfolios and existing operations,” said Oleg Firer, Chief Executive Officer of GMS. Firer continued, “Our customers and business partners view this central location favorably because the new environment is conducive to efficient and productive business results.”

GMS is among the finest financial companies that occupy this landmark building, some of which include Deutsche Bank, CitiGroup, Morgan Stanley and Fleet Securities. GMS anticipates its move to 14 Wall Street will create a competitive advantage for GMS that will become a catalyst for accelerated revenue and earnings growth.

About GM Merchant Solutions

GM Merchant Solutions, Inc., a registered Member Service Provider of JP Morgan Chase Bank, and is a next generation payment processor that provides its merchants and Independent Sales Organizations (“ISO”) with fast and reliable merchant processing, complex point of sale systems and superior customer support. GMS understands both merchant accounts and the credit card industry, and is committed to delivering state-of-the-art transaction processing services to support small to large scale business initiatives of its current and prospective clients. Designed to help clients expand revenue while reducing costs, GMS' point-of-sale and back-office products and services provide advanced, industry-specific solutions distinguished by speed, security, ease of use and proven reliability.

For additional information about GMS please visit http://www.merchantusa.net, or call toll free 1.800.361.5540

 

 
 
          Copyright © 2003-2004 Acies, Inc. All rights reserved.