Global Links Card Services, Inc. Signs Agency Revenue Agreement with Symmetrex
LAS VEGAS, Feb 7, 2005 (BUSINESS WIRE) -- PTS Inc. (OTCBB:PTSN), announced today that Global Links Card Services, Inc. ("GLCS"), a wholly owned subsidiary of PTS Inc, signed an agent agreement with Symmetrex, Inc., Maitland, Florida, to provide GLCS with residual income for GLCS's client debit card programs. This agency agreement allows GLCS to receive monthly residual income for customers when GLCS is not the Card Issuer. The first GLCS customer will commence activation of over 100,000 cards with Symmetrex beginning in February, 2005, and the Company expects to begin receiving monthly income in March, 2005. Symmetrex, an issuing processor, will handle all financial transactions for GLCS debit cards that relate to ATM transactions, Point of Sale purchases and money loading. GLCS recently signed a transaction processing agreement with Symmetrex that allows GLCS to issue its own branded and un-branded debit cards under its FastMax(TM) name.
About Symmetrex, Inc.
Symmetrex is focused exclusively on providing card issuance and transaction processing services for stored value programs, prepaid debit, payroll, employer incentives and healthcare saving accounts. Symmetrex has relationships with several domestic and international issuing banks that sponsor the various card programs on card association networks, such as, STAR, CIRRUS, MAESTRO, MasterCard, PLUS, INTERLINK and VISA. Symmetrex was launched in March 2001 and is a privately held company founded and funded by its principals who bring many years of financial transaction processing experience from both the financial networks and the banking industry.
About PTS, Inc.
PTS in November, 2004, acquired Glove Box, Inc. Glove Box, Inc. owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a freestanding dispenser of disposable latex gloves, which is being marketed by PTS in the US and Asia. PTS acquired GLCS in December, 2004 establishing it in the debit card distribution business.
Please visit the company's website at www.ptspi.com.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks, and the Company's actual results differ materially from forecasted results.
SOURCE: PTS Inc.
CONTACT: PTS Inc.
Peter Chin, 702-380-3811
PSC3388@yahoo.com
