NEW YORK CITY, Feb. 7, 2005 (PRIMEZONE) -- Acies Corporation (OTCBB:ACIE) CEO Oleg Firer -- in a live interview broadcast over Entrepreneur Radio, the voice of Entrepreneur Magazine -- today discussed the latest company developments to maximize revenue-generating opportunities. The interview is available for review at http://www.wsradio.com/entrepreneurshow/february2005.htm.
During the program, Entrepreneur Radio host Lee Mirabal noted that, "Electronic transactions now account for 54% of all purchases." She also reported that, "by the year 2007, electronic transactions are predicted to surpass $22.6 billion."
Two of the company's most recent innovations -- the Business Cash Advance Solution and its Sales Central program -- were covered in depth during the interview.
Firer said that the Business Cash Advance Solution is not a loan, but rather is designed to provide businesses that normally cannot receive financing through traditional means with a new and effective working capital solution. Up to $125,000 per location is accessible, and merchants are free to use the funds in whatever way they choose. He said the program is especially popular with restaurant owners.
The CEO said the company's "Sales Central" program was designed to provide a single point of contact to the company's sales agents, representatives, managers, and ISO sales support functions to improve conversion rates and technology advisory functions, in order to reduce deployment time for merchants and to better troubleshoot merchant issues.
Firer said Sales Central also assists the company's sales force with leasing, interchange, paperwork, and statement analysis. Ultimately, he said, sales channels and marketing partners will be able to allocate more time to developing new business for Acies.
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.
For more information, visit http://www.aciesinc.com.
Forward-looking Statements
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