Acies' CEO to Be Featured Speaker and Panelist at PELORUS Group's Alternative Payment Summit

Oleg Firer, President and Chief Executive Officer of Acies Corporation (OTCBB:ACIE), a business services company specializing in providing payment processing services primarily to small- to medium-size merchants across the United States, will be a featured speaker and panelist at The PELORUS Group's Alternative Payment Summit being held in San Antonio, Texas.

 

WHEN:	Tuesday, November 28, 2006 Presentation Time: 2:15 pm - 3:00 pm
WHERE:	Hilton Palacio del Rio Hotel 200 South Alamo Street San Antonio, Texas
WHAT:	Mr. Firer will join Mohammad Khan, President, COO and co-Founder of ViVoTech, in an interactive panel discussion entitled, "Overcoming Difficulties Associated With Establishing An Alternative Payments System".
ABSTRACT:	The acceptance costs associated with credit cards, compounded by back-office costs required to deal with fraud, are serving as incentives for establishments to explore alternative payments methods. But while alternative payments are making headway amongst retailers, many merchants remain skeptical. The difficulties associated with establishing a new payments system are well documented. Because of the relative young age of both the market and requisite technologies, demand to date is measured at best. There is a need, therefore, that the system support niche or unique transactions offer measurable improvements over existing solutions. This session will take a hard candid look at the hurdles to erecting an alternative payments system, and will explore what it takes to deploy a successful, working one.

About The PELORUS Group

The PELORUS Group has emerged as one of the fastest growing independent market research and consultancy companies in the financial services and telecommunications industries. The PELORUS Group produces authoritative analysis and research reports, provides custom business planning services, and offers timely industry conferences. Initially called TELEOS Resources, Inc., the Company was founded in 1987 by Alan Fross. In January 1990, the firm changed its name to The PELORUS Group to more accurately portray its widening scope of expertise.

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