WESTON, Fla., Aug. 19, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: PayStar Corp. (Pink Sheets:PYST), Delta Air Lines (NYSE:DAL), Vicuron Pharmaceuticals Inc. (Nasdaq:MICU) and Intersil Corp. (Nasdaq:ISIL).
Aggressive investors and traders will want to watch PayStar Corporation (Pink Sheets:PYST) this morning! Yesterday after the markets closed, the company issued a press release announcing the completion of a nationwide marketing agreement with Worldwide Financial Services(tm), Inc. dba Express Payments Solutions, Inc. (EPS)!
Under this agreement, PayStar will offer EPS's nationwide bank funds loading services to the numerous stored value marketing companies in need of localized funds loading capability. The service will utilize four leading banks to provide over 10,000 branch locations where client cardholders may conveniently replenish funds on their stored value debit ATM cards and prepaid MasterCard(r) accounts.
This could be good news for investors! According to the press release, EPS developed the bank loading service for a national Gov't program called the "Community Technology Network Project" (CTNP) with which PayStar is already involved (Press Release Jan.13, 2004). CTNP cardholders needed a convenient venue to replenish funds onto the prepaid ATM debit cards. Louis Simpson, President of EPS said, "We recognized the potential to offer our service beyond the CTNP project. EPS now offers the national service through PayStar. As the exclusive North American Distributor, PayStar will broaden the EPS offering to stored value card companies nationwide."
Keep your eyes on this company! William D. Yotty, Chairman and CEO, PayStar Corporation, stated, "We are ready to launch the program into several accounts nationally and expect rapid deployment by the card issuing companies. PayStar will begin to see significant revenues generated by the EPS program in 4Q, 2004."
The stock closed yesterday at around two cents a share.
In case you are not familiar with the company: PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products. The company's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. The prepaid ATM debit cards can be used everywhere major credit cards are accepted; stores, restaurants, theaters and online. PayStar is a partner in a prepaid ATM debit card for a national government project that will enable millions of underserved and subsidized housing individuals access to prepaid ATM debit cards. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Delta Air Lines (NYSE:DAL) up 13.3% on 13.5 million shares traded, Vicuron Pharmaceuticals Inc. (Nasdaq:MICU) up 12.3% on 1.6 million shares traded and Intersil Corporation (Nasdaq:ISIL) up 8.2% on 3.1 million shares traded.
Commentary:
"7-Eleven Inc., the largest U.S. convenience store chain, has acquired the ATM's network in its stores from American Express Co., for around $44 million, adding to the stores services. The machines will soon be installed in all of the franchises 5,800 stores," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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