Financial Access Solutions Technology (OTC: FLST)
today announced that Joseph Gammerieri, President of Puma Access Inc., from
Florida, has forwarded an offer to purchase 100% of the common stock of
FLST at a price of $0.10 per share for a total purchase offer of USD $9.1M
in an all cash transaction.
This offer was unsolicited by FLST or any of its affiliates. FLST Officers
have acknowledged the purchase offer formerly and will be seeking
shareholder approval. The Officers of FLST and its board of directors
recommend the acceptance of the purchase offer, which represents a
significant premium to the current and recent trading levels.
About Financial Access Solutions Technology Inc.
Financial Access Solutions Technology Inc. (OTC: FLST), a technology
provider, specializing in point-of-sale, cash and treasury, card products,
and transactional software solutions for North American merchants. The
company operates a wholly owned subsidiary named DM2 Technology, and
markets the latest in point-of-sale (POS) terminals and software allowing
merchants to efficiently process Debit and Credit card transactions. The
company also markets prepaid debit and credit cards through its North
American Merchant Client Network.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact:
Financial Access Solutions Technology Inc.
Tony Papa
President
(514) 576-0088
www.dm2debit.com
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