Atlantic Synergy, Inc.
Announces It Has Completed The Acquisition of Acies, Inc.
The Newly Combined Entities Will
Exclusively Focus on Delivering Merchant Services and Other
State-of-the-art Payment Processing Solutions
Fort Pierce, FL – July 6, 2004 – Atlantic Synergy, Inc. (OTCBB:
ASGY) and Acies, Inc., are pleased to announce that the
companies have reached a definitive agreement whereby Atlantic
Synergy will purchase 100% of all Acies’ issued and outstanding
shares for 26,150,000 common stock, newly issued Atlantic
Synergy treasury shares. Consequent to the closing of this
transaction Acies will become a wholly owned subsidiary of
Atlantic Synergy and Atlantic Synergy will have 30,763,750
common stock shares issued and outstanding.
Atlantic Synergy enters the merchant services and payment
processing space as an established leading brand – Acies. The
new corporate leadership team will constitute Oleg Firer as
President, Chief Executive Officer and Director, and Terence
Chanon and John Wilbur as Directors.
Atlantic Synergy has already filed form 10QSB with the
Securities and Exchange Commission, and in the coming weeks
Atlantic Synergy intends to announce more details about the
company’s enhanced business model.
About Acies, Inc.
Acies, Inc. (“Acies”, “Company”), a registered Member Service
Provider of JP Morgan Chase Bank, 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. In addition, Acies’ Powerhouse Alliance – the extranet
of Acies’ strategic and exclusive distribution partners –
combines a wide array of payment processing solutions including:
point-of-sale terminal products; Radio Frequency (RF)
contact-less payment solutions; signature capture; processing
for credit, debit, stored-vale, gift cards, and gas cards;
Electronic Benefits Transfer (EBT) transactions; Dynamic
Currency Conversion (DCC); Business to Business (B2B), recurring
payments, Electronic Check Acceptance (ECA) service, and
one-stop e-commerce solutions. At the core, Acies’ products and
services are designed to enable small, medium and large-scale
enterprises to expand their revenue stream opportunities while
reducing operating costs. For more information visit http://www.merchantusa.net/.
About Atlantic Synergy, Inc.
Atlantic Synergy, Inc. (“Atlantic Synergy”, “Company”) provided
a suite of web site services, including e-business consulting,
business development, hosting, and e-business research and
testing services to small and medium-size businesses. Atlantic
Synergy assisted businesses to formulate comprehensive
e-business strategies.
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, Inc.
Oleg Firer
President and Chief Executive Officer
Tel: 800-361-5540 ext 100
Fax: 212-504-0866
oleg@merchantusa.net
