NEW YORK, Nov. 19, 2004 (PRIMEZONE) -- The Emerging Stock Report begins coverage on Acies Corporation (OTCBB:ACIE). Acies Corporation ("Acies") is a financial services company that specializes in payment processing 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 is a registered Member Service Provider of JP Morgan Chase Bank. Acies is one of the fastest growing innovative providers of payment processing solutions for retail merchants of all kinds.
Essentially, Acies' products and services are designed to enable small, medium and large-scale enterprises to expand their revenue stream opportunities while reducing operating costs.
As a measure of its innovative and aggressive approach to the sector, Acies recently reached an agreement with Japanese credit card company JCB International Credit Card Co., Ltd. to gain greater access to the JCB credit card in the New York area. JCB is an international credit card brand, the largest credit card issuer and acquirer in Japan and the fourth largest credit card brand in the world with over 51.6 million card members.
The retail sector remains strong. Figures from September show shoppers, catapulting retail sales up by the largest percentage gain in six months.
Recent numbers suggest that the economy continues to move forward even as energy prices soar.
On the retail front, sales jumped 1.5 percent in September, the best showing since March and a turnaround from the 0.2 percent drop in August, the Commerce Department said recently. The buying bounce back seen in September suggested that consumers, the economy's lifeblood, still have an inclination to spend despite the galloping energy prices and a questionable jobs outlook, both of which have weighed on their confidence.
"Though many analysts had written off September as sluggish, consumers behaved otherwise. ...Shoppers are starting to show signs of life," said Rosalind Wells, chief economist at the National Retail Federation. September's strength was led by a rebound in sales at automobile dealerships, but shoppers also showed a hearty appetite to spend on a wide variety of goods -- electronics and appliances, building materials, garden supplies, and clothing. Economists closely watch consumer behavior because their spending accounts for roughly two-thirds of the nation's economic activity. Investors should remain aware of continuing opportunities in the retail sector. The Emerging Stock Report will be following developments with Atlantic Synergy and the online shopping sector in the months to come.
Brent Gushowaty: Emerging Stock Report www.emergingstockreport.com
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