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PayStar Secures 'Rents Payment' Method for National Housing Authorities; Projected 2005 Revenues Exceed $10 Million
LODI, Calif., Dec. 14, 2004 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST), one of the nation's growing providers of stored value debit cards, bank debit card loading centers and kiosks, announced today along with Strategic partner Worldwide Communications Group (WCG) a new approved stored-value "Rents Payment" program for HUD housing authorities (HA's). Under this program PayStar's GLOBALCash division will furnish WCG with its stored value cards to be used for payment of rents and utilities throughout the 3,000 plus HA's across the nation.
Louis Simpson, CEO of WCG stated, "By utilizing the Rents Card each participating HA will eliminate the inherent problems and related expenses associated with handling cash payments from housing residents, many of whom do not qualify for traditional credit or checking accounts." In addition, Mr. Simpson stated, "HA's will gain electronic tracking and reporting of payments at each property management company operating under the HA's control. We have already had housing authorities in over 20 cities commit to implementing this new stored-value 'Rents Card' program to all their residents, representing over 250,000 new stored-value cards being issued in early 2005."
Mr. Simpson continued, "With over 3,000 HA's across the country, this initial roll-out by PayStar will have only scratched the surface of the potential of this program. We fully expect the 'Rents Card' program to erupt once these initial cities get online and the word spreads. PayStar's GLOBALCash sales should exceed one million cards to residents by third quarter 2005."
William D. Yotty, Chairman and CEO, PayStar Corporation, said "We are delighted and pleased about this new project with WCG. We have been able to assemble all the elements needed for this exciting project. GLOBALCash now has systems in place for immediate rollout. Although this is a multi-year marketing campaign, PayStar will begin to receive immediate revenues generated through the 'Rents Card' program. In 2005 this opportunity represents over $10,000,000 in revenues and significant long term revenue increases during 2006 and beyond."
About Worldwide
Worldwide Communication Group, Inc. was founded in 1995 as a commercial telecommunication corporation. WCG was appointed as the Implementation Director for the Telecommunication & Information Assistance Program to implement the Community Technology Network Project (CTNP) (www.ctnpusa.com). WCG's commercial telecommunication service bureau provides digital technology communication services to individuals and families that would otherwise not have such services due to the lack of a checking account or major credit card accessibility.
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.
CONTACT: PayStar Corporation
B. Thomas
(209) 339-0486
bthomas@paystar.com
Bougth BHWW today .012 & .013 just looked cheap
All free with a couple mill to spare
I bought 4 million yesterday at .0029 and .003
Thanks Mary ;)
PYST just hit .008
In PYST at .0029 today check volume spike
In ETLC at .27 today
Stock recently had a pump to .05 cents on which I sold a ton of my .005 cent stock, it is acting like it wants to pop one more time.
Cheers
Bought back some SGLI today at .016
Hi Market,
Where you bin?
I am fine, really busy with work these days.
How about you, how is life treating you my friend?
Cheers,
Shawn
SuperJ,
I am in MLXOV, you called it 100% correct the last time. Locked and loaded ;)
Shac.
Signature Leisure Announces L.O.I. To Acquire Parker Productions
MAITLAND, Fla. -- (Business Wire) -- Nov. 22, 2004
Signature Leisure, Inc. (OTCBB:SGLI) announced today
that the Company recently signed a Letter of Intent to acquire Parker
Productions. Parker Productions is a modeling and event staffing
company located in Central Florida.
¶ The management of Signature Leisure has over the course of the
past several months been laying the groundwork in an effort to make
such an acquisition possible. The Company's recent announcement of the
Company's new offices located in Maitland, Florida is one such
example. Company management identified and selected Parker Productions
as being a "good fit" to integrate into the operations of Signature
Leisure.
¶ The Company intends to complete the acquisition during the first
quarter of 2005. Prior to the completion of the acquisition, Signature
Leisure and Parker Productions will work together to facilitate the
transition and integration of Parker's operations into Signature
Leisure. The Company intends to operate Parker Productions as a wholly
owned subsidiary within Signature Leisure, Inc.
¶ Stephen Carnes, CEO of Signature Leisure, Inc. stated, "I am very
happy that Signature Leisure and Parker Productions have agreed to the
terms contained in the Letter of Intent and I look forward to the
Company being able to complete the acquisition in a very timely
manner. I have known and worked with the management at Parker
Productions for almost two years and I am very pleased to announce the
pending acquisition. I believe that the acquisition of a modeling and
event staffing company will be a good fit within Signature Leisure and
it is my hope that the news will be well received by the public."
¶ Additionally, Carnes stated, "The acquisition of Parker
Productions will enable Signature to jump start the Company's desire
to have operations in the modeling and event staffing industry. It is
Signature's desire to not only acquire Parker's present operations,
but also to grow and expand the business. I am very pleased that
Parker's management desires to continue to work with Signature to
assist in the long term growth of the business."
¶ Carnes further stated, "Along with today's announcement, I also
want to restate that the Company will continue to work on revitalizing
Signature Auto, the Company's auto sales business which had its
operations severely dampened by the hurricanes that hit Central
Florida this year. In addition to the auto sales industry, which I
believe possesses the potential to provide a good revenue stream for
the Company, I am very optimistic about the potentials held within the
modeling and event staffing industry. I look forward to the future
opportunities that Parker Productions will generate for the Company
upon completion of the acquisition."
¶ About Parker Productions - Parker Productions is a modeling and
event staffing company located in Central Florida. For more
information about Parker Productions, please visit the Company's
website at http://www.parkerproductions.com
¶ About Signature Leisure, Inc. (OTCBB:SGLI) - Signature Leisure,
Inc. is a publicly traded company trading on the OTC Bulletin Board
under the symbol SGLI.
¶ This press release contains certain "forward-looking" statements,
as defined in the United States Private Securities Litigation Reform
Act of 1995 that involve a number of risks and uncertainties.
Statements, which are not historical facts, are forward-looking
statements. The Company, through its management, makes forward-looking
public statements concerning its expected future operations,
performance and other developments. Such forward-looking statements
are necessarily estimates reflecting the Company's best judgment based
upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors will
not affect the accuracy of such forward-looking statements. It is
impossible to identify all such factors, factors that could cause
actual results to differ materially from those estimated by the
Company. They include, but are not limited to, the Company's ability
to develop operations, the Company's ability to consummate and
complete an acquisition, the Company's access to future capital, the
successful integration of acquired companies, government regulation,
managing and maintaining growth, the effect of adverse publicity,
litigation, competition, sales and other factors that may be
identified from time to time in the Company's public announcements.
Contacts:
Signature Leisure, Inc., Maitland
Stephen W. Carnes, 407-599-2886
info@signatureleisure.com
Yeah but don't blink LMAO!!
SGLI now at .04 weeeeeeeeee
The accumulation continues on SGLI was .004 now .016 x .018 check chart
Ole patient one
LOL
I seen that, made one of my friends happy today...not me :( except for him of course I was :)
Starting to accumulate CTDH again at .055, have never gone wrong having at least a few tucked away hear and there.
"eh" are you from Canada?
Its a turd, but think it may move here soon
Looking
...OSFT has a chance, I am in at .08
As soon as I find you you will be the first to know here ;)
NMEN hit triple today of .37 :)
Congrats on the new board.
BCSI looks interesting
ToshacH
NMEN .19 x .20 :)
Sounds good I'm coming over!!!
TTXI convertible preferreds........
On October 27, 2004, Telco-Technology, Inc. ("Telco") acquired from GreenSpace Capital, L.L.C., and Acutus Capital, L.L.C. the outstanding capital stock of GreenWorks Corporation ("GreenWorks"). In exchange for the GreenWorks shares, Telco issued to each of the selling shareholders 500,000 shares of Series A Convertible Preferred Stock (the "Preferred Stock") and a demand promissory note in the principal amount of $100,000. The Preferred Stock is entitled to vote with the common stock on all matters. Each share of Preferred Stock is convertible into 100 shares of common stock at any time after December 31, 2005. The number of votes which may be cast by a holder of shares of Preferred Stock will be equal to the number of shares of the common stock into which the Preferred Stock could be converted (an aggregate of 100,000,000 prior to any adjustmentOn October 27, 2004, Telco-Technology, Inc. ("Telco") acquired from GreenSpace Capital, L.L.C., and Acutus Capital, L.L.C. the outstanding capital stock of GreenWorks Corporation ("GreenWorks"). In exchange for the GreenWorks shares, Telco issued to each of the selling shareholders 500,000 shares of Series A Convertible Preferred Stock (the "Preferred Stock") and a demand promissory note in the principal amount of $100,000. The Preferred Stock is entitled to vote with the common stock on all matters. Each share of Preferred Stock is convertible into 100 shares of common stock at any time after December 31, 2005. The number of votes which may be cast by a holder of shares of Preferred Stock will be equal to the number of shares of the common stock into which the Preferred Stock could be converted (an aggregate of 100,000,000 prior to any adjustment
EVEN WORSE
On October 21, 2004 Telco sold to Cornell Capital Partners, LP a 5% Secured Convertible Debenture in the principal amount of $500,000 (the "Debenture"). Telco obtained net proceeds of $425,000, after payment of a $60,000 commitment and structuring fee to Cornell Capital Partners as well as a $15,000 fee relating to the Standby Equity Distribution Agreement discussed below. Interest that accrues on the Debenture is payable at maturity. The principal amount of the Debenture is payable on October 21, 2007. However the principal amount of the Debenture will be automatically converted into Telco common shares on October 21, 2006. Prior to that date, the holder of the Debenture has the option to convert the accrued interest and principal amount of the Debenture into Telco common shares at any time. Whenever the principal amount of the Debenture is converted into common shares, whether automatically or by the holder, the conversion price will equal the lesser of
(a) 120% of the closing bid price on the conversion date or (b) 80% of the lowest closing bid price for the five trading days preceding the conversion date.
I'm back baby!!!
Good first week back at her too...hope it contines.
Cheers,
Shawn
Bought a little NMEN at .12 for the rebound
Pretty darn quiet over here :)
I go away for a spell and everything is different than when I left. Friends are foes and foes are friends. Up is down, black is white.
I bet I go away for another spell and things will be flip flopped again.
"A friend is the one who comes in when the whole world has gone out." Grace Pulpit
You are great at finding them Mary
Really? Lots going on is there?
LMAO, I had a couple spare hours so I decided what the hey I will do some trading. How is life at the Hub?
Signed
Out of touch
In OSFT today at .09, a break of .11 is the key
In ASRO today at .014
Back accumulating CTDH at .055 and .06 may go lower like .04 or even .03 but buying here has always served me very well.
Shawn
I think you are
...but if I know you, you will come out smelling like a rose on it.
shawn
I will, made a few trades today felt good. haven't really traded for 6 months.
Bought into SHOP when it opened today holding over night
Still don't have that faith in OTCBB but bought a few on tips for fun.
Cheers,
Shawn