NEW YORK, Jan. 18, 2005 (PRIMEZONE) -- Acies Corporation (OTCBB:ACIE) today reported that a financial services securities analyst on WallSt.Net, an open network financial community, has interviewed Oleg Firer, Acies' President & CEO, on the company's current and future growth prospects. Investors can hear the interview in full by clicking on www.wallst.net . Acies is an emerging leader in payment processing and electronic banking services to small and medium size merchants across the United States
During the interview, Firer updated the analyst on the company's strategic partnerships with JPMorgan Chase and First Data Corporation. He noted that most of Acies' customers are small to medium size businesses primarily in the New York metropolitan area, but that company's growth plans are to offer services on a nationwide basis going forward.
Asked about the company's outlook, Firer cited the fact that, in a recent financial usage survey, payment by cash and check continues to dwindle, and is currently at 47% of all transactions, with electronic banking services such as Acies offers now dominating the payment marketplace.
The CEO said Acies is well funded for the next 12 months, and noted currently high and escalating credit card usage places Acies in a unique position to capitalize on these developments countrywide. Further information on Acies Corporation is available at http://www.aciesinc.com/.
Forward-looking Statements
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