NEW YORK, Feb. 2, 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 reported that CEOcast, an Internet forum for streaming broadcast interviews of chief executive officers, has interviewed Oleg Firer, Acies' President & CEO, on the company's latest developments. Investors can hear the interview in full by clicking on http://www.ceocast.com .
CEOcast's programming is distributed to millions of online investors at more than 700 financial web sites, as well as to more than 20,000 portfolio managers, buy-side analysts and traders at more than 3,300 North American institutions. Content is also disseminated to more than 7,000 investment research professionals representing some 425 institutions.
During the interview, Firer briefed the analyst on the company's origins and its partnerships with JPMorgan Chase and Paymentech. He said most of Acies' customers benefit from the company's unique payment solution programs that provide a better return on their investments, including cash advances, paperless payroll, the Sales Central program to help independent sales agents, and its new wholesale program to afford sales representatives increased opportunities to sell Acies services on a customized basis.
The company currently serves small to medium size businesses primarily in the New York metropolitan area, but plans to expand its sales force and distribute its services through Independent Sales Organizations nationwide.
Asked about the company's outlook, Firer said expanding the sales force and the customer base are key to the company's future, and said the company is focused on both internal growth and acquisitions -- of both companies and/or their card portfolios. He said Acies is well positioned to execute on these strategies.
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
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