LODI, Calif., April 18, 2005 (PRIMEZONE) -- PayStar Corporation's (Pink Sheets:PYST) GLOBALCash Division, one of the nation's growing providers of stored value cards, announced today that one its newest distributors, Flying Frog Incorporated, has placed its initial order of stored value cards. Flying Frog Inc. will immediately launch the initial card rollout for payment of commissions to a network marketing company with expansion expected to exceed 15,000 representatives. The client will utilize the cards for payments of commissions to their thousands of nationwide representatives and simultaneously provide a method for payment for products purchased by their representatives.
According to Berkeley Burgess, Flying Frog Inc. Chairman and CEO, "This is the first of several accounts that we have been pursuing for electronic payment of commissions and we fully expect to roll the program out to over 15,000 representatives within this client's organization. This card program spearheads several additional payroll card opportunities under development with GLOBALCash, Inc., by combining direct deposit; overdraft protection; nationwide bank loading capability and a nationwide network of 'surcharge free' ATMs. We anticipate additional accounts coming on board in the near future."
"This network marketing launch will significantly contribute to our nationwide expansion of payroll card programs. We are delighted about the tremendous opportunities for growth that Flying Frog Inc. represents. This newest account will generate immediate revenues as initial inventories are in stock ready for delivery", stated Fred Rackers, Business Development Consultant for GLOBALCash, Inc.
About Flying Frog Incorporated
Flying Frog Incorporated (www.flyingfrogdebit.com) provides its distributors and clients with a suite of prepaid, stored value products. Flying Frog distributes custom payroll and retail prepaid ATM debit and stored value cards for use everywhere major credit cards and bank debit cards are accepted such as retail stores, restaurants, online, etc.
About GLOBALCash, Inc.
GLOBALCash, Inc. (www.globalcash.us), a subsidiary of PayStar Corporation (PYST.PK) (www.paystar.com), provides its distributors and clients with national bank load centers and a suite of prepaid stored value products. GLOBALCash is a partner in a prepaid ATM debit card program for a national government project that will enable millions of underserved and subsidized housing individual's access to prepaid ATM debit cards that can be used for payment of various goods and services everywhere ATM debit cards and major credit cards are accepted and online.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry.