NEW YORK, Nov. 1, 2004 (PRIMEZONE) -- Acies, Inc., a wholly owned subsidiary of Atlantic Synergy, Inc. (OTCBB:ASGY), in a Definitive Information Statement on Form 14C filed on 10/21/04, reported that the Company's majority shareholders have agreed to provide written consent for the following purposes:
1. To approve an amendment to the Company's Articles of Incorporation
to change the Company's name from Atlantic Synergy, Inc. to Acies
Corporation;
2. To ratify an amendment to the Company's Articles of Incorporation
to increase the authorized shares to 50,000,000 shares of common
stock, par value of $.001 per share, (the "Common Stock") and to
reauthorize 5,000,000 shares of preferred stock with a par value
of $.001 per share of preferred stock (the "Preferred Stock").
The new name will reflect the shift in business focus announced on 07/02/04. The company now provides payment processing and 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. In addition to payment processing services, Acies' offers a full-suite of point-of-sale terminals that enable merchants to utilize Acies' payment processing services. Acies' banking services are available through http://www.aciesbank.com. Acies Bank offers customers traditional banking services, and an ability to apply for an on-line bank account and pay bills electronically.
For more information visit http://www.aciesinc.com/.
The Company's Board of Directors believes that it is desirable to have additional authorized shares of common stock available for other possible future financings, possible future acquisition transactions and other general corporate purposes. The Company's Board of Directors believes that having such additional authorized shares of common stock available for issuance in the future should give the Company greater flexibility.
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.