Emerging Stock Report
Begins Coverage on Acies Corporation
NEW YORK, November 19, 2004 (PRIMEZONE) - The Emerging Stock
Report begins coverage on Acies Corporation (OTCBB:ACIE). Acies
Corporation ("Acies") is a financial services company that
specializes in payment processing 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. In addition to payment processing
services, Acies offers a full-suite of point-of-sale terminals
that enable merchants to utilize Acies' payment processing
services. Acies is a registered Member Service Provider of JP
Morgan Chase Bank. Acies is one of the fastest growing
innovative providers of payment processing solutions for retail
merchants of all kinds.
Essentially, Acies' products and services are designed to enable
small, medium and large-scale enterprises to expand their
revenue stream opportunities while reducing operating costs.
As a measure of its innovative and aggressive approach to the
sector, Acies recently reached an agreement with Japanese credit
card company JCB International Credit Card Co., Ltd. to gain
greater access to the JCB credit card in the New York area. JCB
is an international credit card brand, the largest credit card
issuer and acquirer in Japan and the fourth largest credit card
brand in the world with over 51.6 million card members.
The retail sector remains strong. Figures from September show
shoppers, catapulting retail sales up by the largest percentage
gain in six months.
Recent numbers suggest that the economy continues to move
forward even as energy prices soar.
On the retail front, sales jumped 1.5 percent in September, the
best showing since March and a turnaround from the 0.2 percent
drop in August, the Commerce Department said recently. The
buying bounce back seen in September suggested that consumers,
the economy's lifeblood, still have an inclination to spend
despite the galloping energy prices and a questionable jobs
outlook, both of which have weighed on their confidence.
"Though many analysts had written off September as sluggish,
consumers behaved otherwise. ...Shoppers are starting to show
signs of life," said Rosalind Wells, chief economist at the
National Retail Federation. September's strength was led by a
rebound in sales at automobile dealerships, but shoppers also
showed a hearty appetite to spend on a wide variety of goods --
electronics and appliances, building materials, garden supplies,
and clothing. Economists closely watch consumer behavior because
their spending accounts for roughly two-thirds of the nation's
economic activity. Investors should remain aware of continuing
opportunities in the retail sector. The Emerging Stock Report
will be following developments with Atlantic Synergy and the
online shopping sector in the months to come.
Brent Gushowaty: Emerging Stock Report
www.emergingstockreport.com
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All material herein was prepared by the EmergingStockReport.com,
(ESR) based upon information believed to be reliable. The
information contained herein is not guaranteed by ESR to be
accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this opinion have not approved
the statements made in this opinion. This opinion contains
forward-looking statements that involve risks and uncertainties.
This material is for informational purposes only and should not
be construed as an offer or solicitation of an offer to buy or
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market maker, investment banker, investment advisor, analyst or
underwriter. Please consult a broker before purchasing or
selling any securities viewed on or mentioned herein. ESR may
receive compensation in cash or shares from independent third
parties or from the companies mentioned.
ESR's affiliates, officers, directors and employees may also
have bought or may buy the shares discussed in this opinion and
may profit in the event those shares' rise in value. Market
commentary provided by Jason Ashdown ESR will not advise as to
when it decides to sell and does not and will not offer any
opinion as to when others should sell; each investor must make
that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbour provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future
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preceded by words such as "may", "future", "plan" or "planned",
"will" or "should", "expected," "anticipates", "draft",
"eventually" or "projected". You are cautioned that such
statements are subject to a multitude of risks and uncertainties
that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking
statements, including the risks that actual results may differ
materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a companies' annual report on Form 10-K or 10-KSB
and other filings made by such company with the Securities and
Exchange Commission.
You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in
this release are made as of the date hereof and ESR undertakes
no obligation to update such statements.
SOURCE:
Emerging Stock Report
Brent Gushowaty
opportunity@emergingstock.com
Jason Ashdown
+1 604 584 4786
jason@emergingstockreport.com
http://www.emergingstockreport.com
