LODI, Calif., Oct. 20, 2004 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST), one of the nation's growing providers of stored-value debit cards and Bank loading centers for prepaid ATM cards, announced today that Fred Rackers, Consultant on Staff (COS) to PayStar Corporation, will be presenting PayStar's nationwide bank loading services program at the Pelorus Stored-Value card conference. The conference is being held the week of October 18 in Atlantic City. The conference will include key Executives from the top echelon of stored-value processors and card marketers. Approximately 100 representatives from various companies involved in the stored-value card industry or those interested in implementing stored-value and/or payroll ATM card programs will be in attendance.
The bank loading service complements all stored-value marketers and providers by featuring four leading nationwide banks with over 10,000 branch locations where client cardholders may conveniently replenish funds on their prepaid stored-value ATM debit card accounts. PayStar has successfully contracted with several card issuers and processors for the bank load program, representing hundreds of thousands of stored-value cardholders.
About PayStar
PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, national bank load center locations and Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored-value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar is a partner in a prepaid ATM debit card program for a national government project that will enable millions of underserved and subsidized housing individual's access to prepaid ATM debit cards. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry.