NEW YORK, Sept. 16, 2004 (PRIMEZONE) -- Acies, Inc. a wholly owned subsidiary of Atlantic Synergy, Inc. (OTCBB:ASGY) today announces that it has executed an agreement with Japanese credit card company JCB International Credit Card Co., Ltd. ("JCB"). Under the terms of the agreement Acies will directly recruit New York City metropolitan area merchants to accept the JCB credit card, and Acies' independent sales agents can now offer their customers the ability to accept and process the JCB credit card.
"We believe JCB's selection of Acies to recruit New York City metropolitan area merchants to accept the JCB credit card demonstrates confidence in our ability to sign up new merchants and offering the additional products and services to Acies' independent sales agents," said Oleg Firer, Acies President and Chief Executive Officer.
JCB is an international credit card brand, and, according to JCB, the largest credit card issuer and acquirer in Japan. We believe that this new agreement will create an opportunity for Acies to realize additional revenue resulting from merchants accepting and processing the JCB credit card.
"We believe Acies has a strong market presence in the New York City metropolitan area," said Ryuji Shinzawa, Senior Vice President of JCB International Credit Card Co., Ltd. Shinzawa continued, "Since the New York City metropolitan area is a U.S. epicenter for international culture, we're pleased to team up with Acies to recruit JCB credit card merchants and independent sales agents in this region."
According to information provided by JCB: JCB is the fourth largest credit card brand in the world with over 51.6 million card members. JCB Cards are accepted at nearly 11.7 million merchants in 189 countries and territories, including more than one million in North and South America. JCB has a significant presence in the Asia & Pacific region and is committed to further increasing its presence in the United States.
About JCB
According to information provided by JCB: JCB is an international credit card brand and the largest card issuer/acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding overseas in 1981. Its merchant network includes 11.7 million merchants and spans 189 countries and territories. JCB cards are now issued in 18 countries and territories, with 51.6 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 320 leading banks and financial institutions globally to increase merchant coverage and cardmember base. JCB's corporate philosophy of "Service from the heart," a commitment to responsive, high-quality service, continues to guide it as it creates the future together with its customers, merchants and partners. For further information, please visit the JCB International homepage at www.jcb-global.com/english or www.jcbinternational.com.
About Acies, Inc.
Acies, Inc. ("Acies") is a financial services company that specializes in payment processing 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. In addition to payment processing services, Acies' offers a full-suite of point-of-sale terminals that enable merchants to utilize Acies' payment processing services.
For more information visit 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.