NEW YORK, Jan. 19, 2005 (PRIMEZONE) -- Acies Corporation (OTCBB:ACIE), an emerging leader in payment processing and electronic banking services to small and medium size merchants across the United States, today announced that it is offering a new financing solution to its merchant and business customers called Business Cash Advance Solution. This financing solution is designed to provide businesses that normally cannot receive financing through traditional means with a new and effective working capital solution.
Highlights of Acies Business Cash Advance Solution:
-- Simple application process with minimal paperwork -- Fund availability in 7 days or less -- Up to $125,000 per location -- A flexible payment program based on percentage of future sales -- Merchants are free to use the funds in whatever way they choose
"Our Business Cash Advance Solution is not a loan, it is an advance against Visa and MasterCard merchant account receipts," noted Oleg Firer, President & CEO of Acies. "This unique solution enables us to generate additional revenue and margin, while building relationships with our customers by offering them the financing to grow their business, as well as the opportunity to invest in new equipment for their payment processing needs."
More information on Acies' Business Cash Advance Solution program is available at: http://financing.aciesinc.com
About Acies Corporation
Acies, Inc. ("Acies") a wholly owned subsidiary of Acies Corporation (OTCBB:ACIE) is a financial services company that specializes in payment processing services and online banking 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. Acies' also offers traditional and next generation point-of-sale ("POS") terminals, which enable merchants to utilize Acies' payment processing services. Acies' banking services offer customers traditional banking services, ability for customers to apply for an on-line bank account and pay bills electronically.
Further information on Acies Corporation is available at http://www.aciesinc.com/.
Forward-looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.