Financial Access Solutions

[toddean]

NEWS RELEASED ON TUESDAY 5/09/2006

http://www.marketwire.com/mw/release_html_b1?release_id=127989

FLST Signs Letter of Intent to Acquire 100% of ABV Gold, a Canadian-Based Mining Company

MONTREAL -- (MARKET WIRE) -- 05/09/2006 -- Financial Access Solutions Technology (OTC: FLST) announced today that it has signed a letter of intent to acquire 100% of ABV Gold, a Canadian-based Mining Company.

According to the letter of intent, FLST will acquire all outstanding shares of ABV Gold by way of a reverse merger. The company will not reverse split the common shares to execute the transaction and the current board of directors and officers will resign as well as the transfer agent will be changed from Stalt Inc. to Select American Transfer of Toronto, Canada.

The companies expect to enter into a share exchange agreement by or before May 18, 2006.

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:
TheStreetIR
Nathatlie Morissette et Alain Vezina
[phone]


SOURCE: Financial Access Solutions Technology