MAXZ - ORLANDO, Fla.--(BUSINESS WIRE)--May 4, 2004--MaxxZone.com Inc. (OTCBB:MAXZ)
reports that Walter H. Roder, CEO of American Card Services Inc. ("ACS"),
announced today that ACS has begun sending the Debit MasterCard(TM) card upgrade
of its flagship product, the Ultima(TM) Twin-Access Debit Card, to its
cardholders nationwide.
The Company believes that over two million Debit MasterCard cards have been sold
over the last two years. ACS has approximately 110,000 Ultima Twin-Access Debit
Card Packs and 40,000 Ultima Debit MasterCard cards in inventory and projects
selling this inventory during the 2nd Quarter 2004.
"Now the ACS product has the most comprehensive set of features and benefits for
cardholders and merchants in the industry," Mr. Roder said. The ACS product
provides cardholders with two ATM/POS debit cards purchased at participating
retail merchants, with the option of adding up to two Debit MasterCard cards.
Any of these cards can be loaded at participating merchants using existing
credit card terminals. This does not require any additional equipment by
merchants or bank accounts by cardholders.
The Debit MasterCard card upgrade will provide cardholders the ability to use
Debit MasterCard cards most places MasterCard cards are accepted. "The Debit
MasterCards card greatly expands where the ACS product can be used. Now
cardholders can make phone and Internet purchases, as well use their Debit
MasterCard cards at many restaurants, car rental airlines and hotels," Mr. Roder
said. Cardholders need to have at least a $10 balance on their Ultima ATM/POS
debit card and provide certain identification information to receive the Debit
MasterCard card.
ACS is in the rapidly emerging stored-value debit card market. ACS provides
"un-banked" ethnic groups with a card-based product as a viable alternative to
cash and traditional money transfers. ACS products will fundamentally change the
way over 50 million U.S. ethnics and minorities transfer money and manage their
money, by providing a stored-value debit card for ATM withdrawals and
POS purchases worldwide.
ACS is a privately held Delaware corporation formed in August 2002, with its
operational center in Orlando, Fla. It is a full-service company providing data
processing, customer service, distributor and sales support, card production,
marketing and sales stored-value debit card products and programs. For more ACS,
Inc. information, visit www.ultima-cards.com or call 866-703-7556.
This press release may contain "forward-looking statements." In some cases, you
can identify forward-looking statements by terminology such as "may," "will,"
"should," "could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "potential" or "continue" or the negative of such terms
and other comparable terminology. These forward-looking statements
include, without limitation, statements about our market opportunity,
our strategies, competition, expected activities and expenditures as we pursue
our business plan, and the adequacy of our available cash resources. Although we
believe that the expectations reflected in any forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. Actual results may differ materially from the predictions
discussed in these forward-looking statements. Changes in the circumstances upon
which we base our predictions and/or forward-looking statements could materially
affect our actual results. Additional factors that could materially affect these
forward-looking statements and/or predictions include, among other things: (1)
our limited operating history; (2) our ability to pay down existing debt; (3)
our ability to retain the professional advisors necessary to guide us through
our corporate restructuring including, but not limited to, our
contemplated transaction with American Card Services Inc.; (4) the risks
inherent in the investigation, involvement and acquisition of a new
business opportunity; (5) unforeseen costs and expenses; (6)
potential litigation with our shareholders and/or former or current
investors; (7) the company's ability to comply with federal, state and
local government regulations; and (8) other factors over which we have little or
no control.
CONTACT: American Card Services Inc., Orlando
Dorian Beach, 407-226-1025 (Press Contact)
dorian.beach@ultima-cards.com
Robert Warner, 407-226-1022 (Investor Contact)
robert.warner@ultima-cards.com
