TORONTO, April 10, 2006 (PRIMEZONE) -- American Associates Group, Inc. (Pink Sheets:AASG) having recently acquired EPP Secure proudly announces the April release of SIVE. SIVE is a unique, patent pending internet-based stored-value (debit) platform allowing online merchants and marketers, card issuers, membership organizations, internet auctions, network marketers, and others the ability to offer clients instant individual accounts online. Funded securely from client bank accounts or via credit cards, SIVE's open object architecture, .net infrastructure and multi-functional web services interface allows the platform to be quickly customized in terms of branding, appearance and functionality to support a wide variety of applications from Virtual Gift Card or Physical Gift Card Solutions to private person to person funds exchange. The system is designed to connect to Electronic Funds Transfer (EFT) networks in East Asia, Europe, Central and South America.
The platform boasts an ability to verify, capture and manage the identity and demographic characteristics of account holders, including age and geographic information. In addition, it provides sophisticated anti-fraud protection of online accounts, funds and data.
SIVE client organizations have the ability to receive and remit funds instantaneously between organization and individual accounts. The system supports a variety of loyalty and reward programs and offers built in affiliate marketing programs.
SIVE also supports international currency conversion and international funds settlement.
The system facilitates private, secure, economical internet funds exchange between sellers, buyers, members and others.
EPP Secure expects licensing revenues to be $860,000 this year, $1.1 million in year two and $2.35 million in year three.
About EPP Secure, LLC.
EPP Secure is a technology company and provider of electronic payment processing services and solutions to businesses, financial institutions and eCommerce goods and services retailers in North America and abroad. EPP specializes in secure, alternative direct payment applications over the internet, internet security solutions and stored value systems that support gift card issuance and redemption as well as pre-paid account management.
About American Associates Group, Inc.
American Associates Group, Inc. is a technology and software company which specializes in internet security and alternative payment processing and developing software and technology incorporating biometric security features on personalized identification cards. American Associates Group, Inc. is publicly listed company on Pink Sheets (AASG).
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.