MONTREAL, Feb. 14, 2005 (PRIMEZONE) -- Bach-Hauser has changed its name to Financial Access Solutions Technology, Inc. (Pink Sheets:FLST). On February 8, 2005, Bach-Hauser, Inc. filed a Certificate of Amendment to its Articles of Incorporation effecting the change of the Company's name. The name change was approved by the Board of Directors and by written consent of the majority shareholders of the Company's voting common stock.
As a result of the name change, the Company's new trading symbol is FLST effective the opening of the market on Friday, February 11, 2005.
Financial Access Solutions Technology, Inc.
Financial Access Solutions Technology, Inc. through its wholly owned subsidiary DM2 Technology is a provider of specialized POS equipment and software, which provides greater flexibility and reliability for debit and credit card financial payments. The company currently sells its products and services through traditional retailers, online retailers, taxis and courier companies. At present the company has 1,500 installed terminals throughout Canada. It has another 4,000 terminals under contract to be installed which are presently being rolled out.
DM2 Technology specializes in the sale of POS (point of sale) equipment and software to handle bankcard and credit card payments. DM2 Technology has been in the business of handling Interac and Credit Card transaction payments since the government of Canada deregulated this market. At present, DM2 has terminals in retail outlets in every province except for Newfoundland and PEI. DM2 has growing list of corporate clients and strategic partners such as Rogers Communication, Dynacard Capital, Ingenico, Lipman, Datawest, CIT, BCE Emergis, Datawest, EasyHome, and Teleplus.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.