LODI, Calif., Feb. 22, 2005 (PRIMEZONE) -- PayStar Corporation's (Pink Sheets:PYST) GLOBALCash Division, one of the nation's growing providers of stored value cards, announced today the signing of Flying Frog Incorporated as it newest distribution partner. Flying Frog Inc. will immediately launch GLOBALCash retail cards through its distribution partners and payroll cards to its numerous network marketing clients. The MLM client will utilize the cards for both payments of commissions to their thousands of nationwide representatives as well as receipt of payment for products purchased by their representatives.
According to Berkeley Burgess, Flying Frog Inc. Chairman and CEO, "We have received contracts representing the immediate potential for tens of thousands of stored value cards and are ready to commence rollout. The management at GLOBALCash has worked with us every step of the way and we are excited about advancing this MLM product initiative with them. GLOBALCash presented the best package for our payroll card clients with direct deposit, overdraft protection, nationwide bank loading capability and a nationwide network of 'surcharge free' ATMs. We look forward to further expansion of additional accounts through GlobalCash."
"This network marketing launch will significantly contribute to our nationwide expansion of payroll card programs. We are thrilled about the tremendous opportunities for growth that Flying Frog Inc. represents," stated William D. Yotty, Chairman and CEO, PayStar Corporation.
About Flying Frog Incorporated
Flying Frog Incorporated (www.flyingfroginc.com) provides its distributors and clients with a suite of prepaid, stored value products. Flying Frog distributes custom payroll and retail prepaid ATM debit and stored value cards that can be used everywhere major credit cards are accepted and online.
About PayStar
PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, national bank load center locations and Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. 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 program for a national government project that will enable millions of underserved and subsidized housing individual's access to prepaid ATM debit cards. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry.