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ACS Holdings Inc. -ACSH- Announced Today That It Will Start Providing Outsourced Customer Service for Stored Value Debit Card Programs


ORLANDO, Fla. -- (Business Wire) -- June 24, 2004

Starting in July 2004, ACS Holdings Inc. will provide
its data processing provider, Symmetrex Inc., Maitland, Fla., with
customer service for their other stored value debit card programs on a
"for-profit" basis. Symmetrex provides network authorization,
settlement and account accounting data processing for ACS and numerous
other stored value debit card programs.
¶ "The ACS management team has many years of experience providing
superior customer service for credit and debit card programs and now
will provide this service to other stored value debit card programs,"
said David Eison, executive vice president, operations for ACS. ACS
has a long-standing relationship with Symmetrex which provides data
processing for ACS and other stored value debit card programs. ACS
will now provide Symmetrex customer service for its other debit card
program on a for-profit basis.
¶ "By providing customer service for Symmetrex, ACS will be able to
use the income to further improve and enhance its service levels for
both its cardholders and for those programs it supports, as well as
provide a new revenue stream for the company," Eison continued.
¶ "We were extremely impressed with the level of commitment and the
intelligence they have built into their customer service call center.
Coupled with our long-standing relationship, we are very excited about
this announcement," said Shari Breehl, senior vice president, card
services for Symmetrex.
¶ For more information about Symmetrex, contact Gil Hooper, senior
vice president, sales and marketing, at 949-858-0456
([e-mail]).
¶ The Ultima Card(TM) Twin Access Debit Card pack(TM) is the ACS
flagship product. ACS cards are issued by Key Bank, N.A., an $84
billion national bank, the 248th largest corporation on the Fortune
500 list. ACS is an authorized agent of Key Bank. For more information
about ACS, visit www.ultima-cards.com or call 866-703-7556. The ACS
Holdings Inc. trading symbol is ACSH.

¶ 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.
Contacts:

ACS Holdings Inc., Orlando
Dorian Beach, 407-226-1025 (Press)
[e-mail]
Robert Warner, 407-226-1022 (Investor)
[e-mail]