Acies Unveils Holiday Promotional Campaigns

Six New Programs Created to Promote Acies' Payment Processing Services in Time for 2006 Holiday Shopping Season

NEW YORK- (BUSINESS WIRE) - November 08, 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 unveiled six new innovative marketing and incentive campaigns designed to promote Acies' payment processing services in time for the 2006 holiday shopping season.

Effective immediately, Acies will offer to merchants directly and through its national network of Independent Sales Organizations and Independent Sales Agents the following promotions:

• "ABC (Acies Best in Contactless) Program" - retailers will receive free placement of industry leading point of sale equipment, including a Verifone Omni 3750 Terminal with ViVOtech 4000 Reader capable of accepting MasterCard, PayPass, Visa Contactless, Discover Contactless and Amex Express Pay. In addition, chargeback protection of up to $50.00 per transaction, with no receipt or signature required, will also be provided. Program runs through December 15, 2006.

• "Get Paid to Upgrade to Acies" Program - business owners will receive up to $1,000 to upgrade their credit card acceptance services to Acies' state-of-the-art credit card processing platform. Program runs through December 31, 2006.

• "Flat Fee Processing" Program - tailored toward small and seasonal retailers, qualifying merchants are charged a monthly flat fee of $25.00 for Visa and MasterCard acceptance, instead of the standard discount rate. Program runs through December 31, 2006.

• "Free Processing" Program - qualifying merchants will receive free processing for the first month of service with Acies - no statement fees, no transaction fees and no discount fees. Program runs through December 31, 2006.

• "Free Wireless" Program - retailers who agree to sign a one-year Sprint Fair & Flexible Plan ($39.99 per month commitment) will receive a free state-of-the-art Microsoft-enabled, Sprint PCS Treo 700WX wireless device ($700 value) with an ability to process credit card transactions. Program runs through December 31, 2006.

• "Holiday Gift" Program - Through December 31, 2006, Acies will provide a free Motorola RAZR v3m ($289 value) to all merchants and agents who elect to sign up for a one-year Sprint Fair & Flexible Plan ($29.99 per month commitment).

"We are very proud to be the first company in the financial services industry to offer these types of clever, incentive-driven programs for agents and retailers, helping to further differentiate Acies as a highly innovative, forward-thinking provider of advanced payment processing solutions. We're hoping for a strong response to these exciting marketing initiatives and look forward to a very busy and productive holiday season," stated Oleg Firer, Chairman, CEO and President of Acies Corp.

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