NEW YORK, Sept. 1, 2004 (PRIMEZONE) -- Michael Beygelman, Chairman of Atlantic Synergy, Inc. (OTCBB:ASGY) ("Company") discussed the electronic payment processing market and the growth strategy of Acies, Inc. ("Acies") in an exclusive interview with Wall Street Network.
On July 2, 2004 the Company entered in to an Exchange Agreement whereby Acies became a wholly owned subsidiary of the Company. Atlantic Synergy is a holding company for Acies and implemented business combination accounting treatment to record this transaction.
The business operations and financial information discussed in the interview were for Acies. The interview was designed to give listeners a comprehensive profile of Acies' current operations, financial status and the Company's future goals.
"Acies has built scalable infrastructure that can accommodate a number of acquisitions, and has secured prominent, and in some instances, exclusive partnerships that Acies intends to leverage to accelerate revenue and earnings growth," said Beygelman. He continued, "Our goal is to build shareholder equity for our investors, enabling them to realize a return on their investment capital."
To hear the entire interview, visit www.wallst.net.
About Acies, Inc.
Acies, Inc. ("Acies") is headquartered on Wall Street in the heart of New York City's Financial District, and is a registered Member Service Provider of JP Morgan Chase Bank. Acies' considers itself to be a next generation payment processor and one of the fastest growing innovative providers of payment processing solutions for retail, restaurants, direct marketing, Quick Service Restaurants (QSR), hospitality, supermarket, petroleum, financial services and healthcare industries. Acies provides its merchants and Independent Sales Organizations ("ISO") with fast and reliable merchant processing, complex point of sale systems and superior customer support. In addition, Acies' Powerhouse Alliance -- the extranet of Acies' strategic and exclusive distribution partners -- combines a wide array of payment processing solutions including: point-of-sale terminal products; Radio Frequency (RF) contact-less payment solutions; signature capture; processing for credit, debit, stored-vale, gift cards, and gas cards; Electronic Benefits Transfer (EBT) transactions; Dynamic Currency Conversion (DCC); Business to Business (B2B), recurring payments, Electronic Check Acceptance (ECA) service, and one-stop e-commerce solutions. Acies' point-of-sale and back-office products and services are specifically designed to help clients expand revenue while reducing costs. The products and services provide advanced, industry-specific solutions distinguished by speed, security, ease of use and proven reliability. At the core, Acies' products and services are designed to enable small, medium and large-scale enterprises to expand their revenue stream opportunities while reducing operating costs. For more information visit http://www.aciesinc.com/.
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Forward-looking Statements
"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. 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.