NEW YORK, Sept. 26, 2007 (PRIME NEWSWIRE) -- Trustcash Holdings, Inc. (OTCBB:TCHH) and its Trustcash(tm) secure and anonymous online payment system announced today its plan for building growth through its more than 500 partner websites, and at over 50,000 retail locations in the United States. Trustcash's non-reloadable, virtualTrustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
Management is positioning itself to rapidly grow its business. Management has a combination of consumer brand experience and market expertise that will provide Trustcash with the knowledge and experience to make the Trustcash brand a choice for payments throughout the world of ecommerce. Trustcash's board of directors and senior management is composed of two prominent business entrepreneurs: Dennis W. Shafer, serving as chairman of the board; and Greg Moss serving as director and chief executive officer.
Dennis Shafer has been active in providing advisory and management services to private equity firms engaged in leveraged buyouts, as well as startups and early growth ventures in technology and consumer products and services. He provided financing and business development for a pioneer in the internet video streaming business during the emergence of internet retailing, facilitated the merger of a NASDAQ company with a private business, supported the sale of a large private company to a NYSE corporation, and has provided business strategy and financing services to a variety of other innovative consumer businesses.
Shafer was previously President and CEO of Benetton Sportsystem, the former sports subsidiary of the Italian-based Benetton Group (NYSE-BNG), President of Carlisle Plastics Home Products, a leader in consumer goods manufacturing, and developed several internationally recognized consumer brands during his career.
Trustcash was founded by President and CEO Greg Moss. Prior to starting Trustcash, Mr. Moss was Vice President of Partnership Development of In-Store Broadcasting Network (IBN) where he was responsible for building a national media network of over 15,000 grocery and drug stores making IBN one of the largest in-store media companies in the U.S. He founded Trustcash in 2003 after recognizing the opportunity to create a stored value transaction system that would allow anyone with Internet access -- even those without credit cards -- to buy anonymously and safely online.
About Trustcash Holdings, Inc.
Through its Trustcash brand, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash has initiated relationships with more than 500 merchants as well as thousands of retail outlets, and utilizes a proprietary technology and processing system which supports secure and private payments. Trustcash's non-reloadable, virtualTrustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser. The Company is based in New York City.
For additional information on Trustcash Holdings, Inc., please visit http://www.trustcash.com.