NEW YORK, Jan. 27, 2005 (PRIMEZONE) -- Acies Corporation (OTCBB:ACIE) CEO Oleg Firer, in an interview broadcast over World Talk Radio Network, today discussed recent developments and new programs to generate incremental revenue opportunities for the company. Acies is an emerging leader in payment processing and electronic banking services to small and medium size merchants across the United States. The interview, conducted by research analyst Francis Gaskins of IPOdesktop.com, is available for review at http://www.worldtalkradio.com/archive.asp?aid=3291 .
During the interview, Firer discusses the importance of recent program innovations, including the company's introductions of a Business Cash Advance Solution, a new agreement with Paymentech, a new paperless payroll solution for employers nationwide, and the launching yesterday of a program called Sales Central.
The CEO pointed out 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.
"Since we made the announcement," said Firer, "we have had a very positive response from our existing and potential customers, mostly in the restaurant industry, and we hope that this program will be a great success for our company."
As to the agreement with Paymentech, Firer continued, "By adding Paymentech as one of our processing platforms, we are now able to offer our customers a more comprehensive service and product offering."
He also noted the Acies Payroll Card Platform will enable employers to issue employee payroll cards, pay wages and check payroll history. The solution is comprehensive and provides real-time management for employers. For employees, the solution offers a personalized card with immediate access to funds, accepted at millions of ATMs and storefronts worldwide.
"Sales Central," Firer said, "offers 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. The Sales Central offering will also assist the company's sales force with leasing, interchange, paperwork, and statement analysis. Our sales channels and marketing partners need to allocate as much of their time to developing new business for Acies as possible," the CEO concluded.
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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