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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.
PTS, Inc. Acquires Marketing Rights from Alliance Card, Inc. for New Integrated Card Technology
1/20/2005 9:00:00 AM
LAS VEGAS, Jan 20, 2005 (BUSINESS WIRE) -- PTS, Inc. ( PTSN ) today announced that Global Links Card Services, Inc. ("GLCS"), PTS's wholly-owned subsidiary, signed an agreement with Alliance Card, Inc. of Burnsville, MN that permits GLCS to market a new integrated loyalty card. This card-based technology is the first of its kind nationally and can simultaneously serve an unlimited number of card users, merchants and private community organizations in multiple markets. GLCS will market the loyalty-rebate card under its own brand name, FastMax(TM).
Using proprietary magnetic stripe technology, the FastMax(TM) Rewards Card works with the existing infrastructure, allowing transactions to be processed using standard credit/debit card equipment and POS (Point of Sale) systems. FastMax(TM) Rewards Cards can work as a stand-alone card, or with existing GLCS debit card programs. This first of its kind technology tracks customer transactions and manages up to 250 currencies, whether that be cash, frequent flyer miles, volunteer dollars, rebates, payroll, barter, foreign currencies, and so forth.
About Alliance Card, Inc.
Alliance Card, Inc. (ACI) located in Burnsville, Minnesota, was founded in October 2003. ACI provides enhanced financial services and instruments that directly impact the economic growth of individuals, businesses and communities. ACI's core service is the development and deployment of an electronic debit card transaction-processing platform, which is supported by POS (point of sale) electronic card readers that capture basic transaction data.
Alliance Card, Inc. has developed proprietary integrated technology for the launch of a new merchant loyalty/gift card that can also provide donations for community projects or non-profits. The technology will be demonstrated with a community based “pilot” launch very soon while merchants and other organizations are lining up to take advantage of this innovative approach to loyalty marketing.
How it works:
Alliance Card processes local retail transactions using standard credit and debit card technologies and moves dollars through the Federal Reserve between merchants and Alliance Card to customers and “partnered” community based organizations. The consumer uses the “Alliance Card” in conjunction with purchases at participating merchants and a percentage of the purchase is distributed to the designated beneficiary and the consumer accrues stored cash value on their card as an incentive and/or reward.
Stay Tuned:
This card, the first of its kind nationally, can simultaneously serve thousands of local private community organizations, as well as an unlimited number of merchants and consumers in multiple markets. The technology has been tested and Alliance Card is preparing to launch in several communities in the Upper Midwest.
Ø Merchants see increased revenues and improved customer loyalty
Ø Non-profit organizations, schools, churches and local communities receive monthly unrestricted funds
Ø Communities realize improvements in the local economy and a stronger tax base
Ø Consumers see real cash value on a convenient multi-purpose card that also gives back to their community
Company Contacts: Mr. Mike Bouchey, President and CEO
Ms. Karla Ballard, Vice President of Development
Mr. Jay Allsup, Chief Financial Officer
Address: Alliance Card, Inc.
15020 Windermere Lane SE
Burnsville, MN 55306
Phone: 612.600.3270
eMail: mike.bouchey@alliance-card.com
PTS, Inc. Announces Another Record Quarter with 54% Increase in Revenue
LAS VEGAS, Jan 10, 2005 (BUSINESS WIRE) -- PTS, Inc. (OTCBB:PTSN) today reported that revenues for the October/November/December 2004 period were $113,735. When compared to the previous period of July/August/September 2004, which revenues were reported at $61,647, this represents a fifty-four (54%) percent improvement, quarter to quarter, and a new record for PTS, Inc.
Peter Chin, CEO of PTS, Inc., stated, "The revenue breakdown for this just-ended period was $66,735 for the Flexiciser, and $47,000 for Global Card Services."
Chin added, "This will put our full year revenue figure at approximately $217,000 which is a record for the Company. We are very pleased to have this kind of revenue growth, and we believe this trend will continue. And, as a result of the recent acquisition of Global Links Card Services, Inc., the Company is projecting 2005's revenues to exceed $1 million."
About Global Links Corporation - www.glcsi.com
Global Links Card Services has a management team of seasoned professionals thoroughly familiar with the prepaid and debit card business. GLCS offers a suite of comprehensive electronic products to the retail, restaurant and hospitality industries in addition to various national associations.
Please visit the company's website: www.ptspi.com.
PTS, Inc. Announces Debit MasterCard Order from Sharing Way
LAS VEGAS, Dec 29, 2004 (BUSINESS WIRE) -- PTS, Inc. (OTCBB:PTSN) today announced that Global Links Card Services, Inc. (GLCS) its newly acquired wholly owned subsidiary has received a 106,000 card order from Sharing Way, Scottsdale, Arizona. GLCS will be responsible for production of the plastic and individual fulfillment of customer orders for Sharing Way's Debit MasterCard program that is issued by BankFirst, Sioux Falls, South Dakota. Sharing Way (www.sharingway.com) provides churches and charities a means of obtaining additional financial support by issuing a prepaid MasterCard to their members and supporters that, when used, will generate royalties to these charities. This order is expected to ultimately generate revenues in excess of $200,000 including the fulfillment of card orders to the end users. "Sharing Way anticipates significant growth and will require the expertise of GLCS in producing cards and getting them into the hands of our customers. GLCS has helped us expedite this initial order of 100,000 and we anticipate additional orders over the next twelve months," said Stuart Graham, President of Sharing Way. "We believe that with the acquisition of GLCS, we have obtained a unique team of seasoned professionals who will continue to expand our debit card business over the coming months," said Peter Chin, President, PTS, Inc.
PTS Inc. Concludes Acquisition of Global Links Card Services Inc.
LAS VEGAS, Dec 27, 2004 (BUSINESS WIRE) -- PTS Inc. (OTCBB:PTSN) today announced that the company has concluded the acquisition of all of the outstanding stock of Global Links Card Services Inc. (GLCS) from Global Links Corp. (OTCBB:GOBC). Accordingly, GLCS is now a wholly owned operating subsidiary of PTS Inc.
GLCS offers a suite of comprehensive electronic products to the retail, restaurant and hospitality industries in addition to various national associations. GLCS has recently generated revenues through the sale of debit cards to an independent third-party company, and anticipates additional revenues through additional sales, and from the distribution of cards to end users. GLCS plans have its own FastMax(TM) debit card available for use in the first quarter of 2005. "We are excited about this addition to PTS' business and anticipate significant increased revenues from GLCS' activities," said Peter Chin, president of PTS.
PTS, Inc. Opens Office in Beijing, China
LAS VEGAS, Dec 2, 2004 (BUSINESS WIRE) -- PTS, Inc. (OTCBB:PTSN) today announced they have opened an office in China for the primary purpose of marketing the Glove Box(TM) product there.
PTS's China office address is: Suite #3205 B-Building, No.2 Guanghua Road, Chaoyang District, Beijing China 100026
Peter Chin, CEO of PTS, Inc., stated, "We are delighted that PTS, Inc. now has a physical presence in Beijing, and the Company will proceed with moving forward aggressively with its Glove Box international marketing opportunities."
About GLOVE BOX(TM)
The patented, revolutionary Glove Box(TM) is the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a freestanding dispenser of disposable latex gloves. The Glove Box(TM) is designed for targeting sterile, protective and clean room environments, and the applications are numerous, including the medical and healthcare industry, dental industry, hospitality industry, laboratories, health and beauty applications, manufacturing, food service, and others. In 2002, the worldwide market for this single-use product was 38 billion glove sets. Please visit the company's website: www.ptspi.com.
LAS VEGAS, Nov 22, 2004 (BUSINESS WIRE) -- PTS, Inc. (OTCBB:PTSN) today announced the appointment of Ms. Betty B. Wong as PTS, Inc. Senior V.P. of International Operations. The appointment is effective immediately.
Since 2001, Ms. Wong has been president of Champion International Freight, Inc., an international freight forwarding company based in Las Vegas, Nevada. Prior to this position, she served twelve years with Newport Ocean Consolidator, Inc. of Los Angeles where she managed the ocean department for this Asian Pacific shipper.
Betty Wong began her working career beginning in 1967 when she started with Pan American Airways at the airline's Hong Kong office. During the seven years she was with Pan Am, she served in the Airport Cargo/Cargo Sales department, to 1975. "We are fortunate to have someone of Betty's caliber joining our team, as her diverse experience in the international freight arena is very impressive," stated Peter Chin, PTS, Inc.'s CEO.
Chin continued, "Among her various responsibilities, Ms. Wong will be instrumental in insuring efficient and timely shipments of PTS products. The Company plans to ship the prototype Glove Box(TM) as early as December 2004 to Beijing for demonstration purposes, and will keep the investing public informed of this and other progress via future press releases as warranted."
PTS Inc. Reports Record Revenue of $103,264 YTD
LAS VEGAS, Nov 17, 2004 (BUSINESS WIRE) -- PTS Inc. (OTCBB:PTSN) today announced that, based on the company's form 10Q-SB filed with the SEC yesterday, revenues for the first three quarters (nine month period) ended Sept. 30, 2004 were $103,264. This was record revenue for the company, and the increase is primarily attributed to unit sales growth of the Flexiciser product.
Peter Chin, CEO of PTS Inc., stated, "When I became the CEO of the company in June 2002, the company was facing the very real possibility of bankruptcy. Since then, for the past two years, we've gone through a transformation from an R&D (research and development) company, with $0 revenue, to one that is now generating real revenue. It was a difficult time, but now the company is moving forward in a positive way."
In addition, Chin noted that the acquisition of Glove Box, Inc., as previously announced, was recently finalized. "Over the past year and a half, we've had strong interest within the world medical community for the GLOVE BOX(TM). "Until now we did not have full (100%) ownership rights, and we were reluctant to respond to our global inquirers as we would have liked to in moving the business forward. With full 100% full ownership rights we expect developments to be announced in this area in the coming months."
PTS, Inc. Completes Purchase of 100% of Glove Box, Inc.
LAS VEGAS, Nov 15, 2004 (BUSINESS WIRE) -- PTS, Inc. (OTCBB:PTSN) today announced they have completed an agreement with American Fire Retardant Corp. (OTCBB:AFRD) for the purchase of their subsidiary, Glove Box, Inc., a Nevada corporation.
The terms of the purchase agreement calls for PTS, Inc. to exchange 7,500,000 shares of PTS convertible redeemable Series C Preferred Stock for 7,500,000 common shares Glove Box, Inc. for a total value estimated at approximately $750,000.00. The amount of consideration for the 7,500,000 common shares of Glove Box, Inc. pursuant to the stock exchange agreement was determined following negotiations between American Fire Retardant Corp. and PTS, Inc.
The Registrant's director determined that the terms of the Stock Exchange are reasonable. The Registrant's director did not seek a third party fairness opinion or any valuation or appraisal of the terms of the transaction. Thus, the Registrant's stockholders will not have the benefit of a third party opinion that the terms of the Stock Exchange were fair from a financial point of view.
Peter Chin, CEO of PTS, Inc., stated, "We are very pleased to have this transaction completed, and will now proceed with moving forward aggressively with our Glove Box international marketing opportunities."
PTS, Inc. Reports Quarterly Review
LAS VEGAS, Nov 2, 2004 (BUSINESS WIRE) -- PTS, Inc. (OTC:PTSN) today announced that the company has earned record revenues for the fiscal 3rd quarter, ended September 30, 2004. When the Form 10Q-SB is filed shortly, revenues for the three month period are expected to come in at over $61,000 which compares with the previous, 2nd quarter, filing which reported revenues of $ 41,617 -- an increase of 48%. The increase is attributed to unit sales growth of the Flexiciser product.
On another front, the Company reported that the acquisition of the Glove Box(TM), as previously announced, is on track and is expected to be finalized on or before November 30, 2004. Chin noted that within the world medical community, interest remains very strong for the GLOVE BOX(TM) as indicated from various medical marketing groups that have been in recent touch with the Company.
PTS, Inc. continues to develop the business relationship with its marketing partner Quetec Inc. The previously announced agreement pays the Company 50 cents per unit for all Quetec products and all Quetec products sold under private labels in the United States. The Quetec products under this marketing agreement primarily covers the 802.11b category, which includes PCI, PCMCIA, USB and MINI PCI.
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.
CONTACT: PTS Inc.
Peter Chin, 702-380-3811
PSC3388@yahoo.com
