MONTREAL, Sept. 20, 2005 (PRIMEZONE) -- Financial Access Solutions Technology (Pink Sheets:FLST), a technology provider specializing in point-of-sale, card products and transactional software solutions for North American merchants, announced today that in conjunction with Peoples Trust, it has spearheaded the Canadian Prepaid MasterCard launch.
"It may be a first for Canada, but prepaid credit cards have been around for a few years in the United States and Europe and continue to have tremendous success and we believe the same will happen in Canada," said Tony Papa, the Companies President. "We have already received several inquiries for large orders of the cards and we expect to receive large purchase orders in October of this year," further added Mr. Papa.
About Financial Access Solutions Technology Inc.
Financial Access Solutions Technology Inc. (Pink Sheets:FLST) is a technology provider specializing in point-of-sale, cash and treasury, card products, and transactional software solutions for North American merchants. The company operates a wholly owned subsidiary named DM2 Technology, and markets the latest in point-of-sale (POS) terminals and software allowing merchants to efficiently process Debit and Credit card transactions. The company also markets prepaid debit and credit cards through its North American Merchant Client Network.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.