Acies Corporation
Retains KCSA Worldwide For Financial Communications Services
NEW YORK- (BUSINESS WIRE) - August 23, 2005 - Acies
Corporation (OTCBB: ACIE), a financial services company that
specializes in providing electronic payment processing and
online banking services to small, medium, and large-size
merchants across the United States, announced today that it has
appointed KCSA Worldwide as its investor relations counsel.
Commenting on the appointment, Oleg Firer,
Chairman, President and Chief Executive Officer of Acies said,
"Since entering the public market in July of 2004, we have
established a solid operating infrastructure and put in place a
foundation for future growth and profitability. We have
cultivated key strategic alliances, obtained financing to
support our growth initiatives, expanded our management team and
have begun executing our business model, which has driven strong
top-line results. We look forward to working with KCSA to
communicate our recent and future successes to the investment
community."
Todd Fromer, Managing Partner of KCSA Worldwide stated, "We are
excited to work with Acies Corporation. We believe the Company
presents a compelling story and management has expressed a
commitment to increase exposure in the investment community. We
look forward to communicating Acies' progress and strategic
sales growth within the expanding electronic payment processing
market."
About KCSA Worldwide
KCSA Public Relations Worldwide is a leading public and investor
relations firm with practice areas in public relations, investor
relations, corporate and marketing communications, and design
and graphics. KCSA is the U.S. partner of European Communication
Partners, a network of public relations firms in EEC countries
and Canada, and the U.S. member of IR Asia-Pacific Ltd., the
world's first network of independent investor relations
consultancies. The firm has strategic alliances in Australia,
Israel, Russia and South America.
About Acies Corporation
Acies Corporation (OTCBB: ACIE) 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.
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.
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