Message #5 From:
Stock News Bot Date: October 10, 2006 05:30:00 AM
ACIE News Acies Corporation Names New Vice President of Indirect Sales
NEW YORK--(BUSINESS WIRE)--Acies Corporation (OTCBB:ACIE), a financial services company that
specializes in providing payment processing and online banking services
to small, medium and large-size merchants across the United States,
today announced the appointment of Matthew Hosey as the Company’s
new Vice President of Indirect Sales. Hosey will report directly to Oleg
Firer, Chairman, President and CEO of Acies.
With over 15 years experience in sales and management serving the
financial and payment services industries, Hosey brings Acies a proven
ability to build market presence and revenue growth within highly
competitive markets. Prior to joining Acies, Hosey served as Manager of
ISO Recruitment and Support at Cynergy Data, where he led the build-out
of the New York-based payment processing company’s
ISO and independent agent sales channel and oversaw the daily management
of its operational service and support. As Director, Client
Services/Sales at Practice Pay Solutions, Inc., Hosey was responsible
for identifying and winning new accounts and increasing awareness of the
Company’s payment processing services and
solutions within professional associations. As a National Account
Executive with Comdata/Platform, he successfully promoted and sold
payroll cards and related services to large national corporations with
10,000 or more employees. As Director of Business Development for
Financial Payment Systems, Hosey worked with high volume retail,
restaurant and lodging merchants, and received corporate recognition for
significantly increasing credit card processing volume within the first
three months of his three year tenure. While serving as Merchant Plan
Manager at Bridgehampton National Bank, Hosey directed all sales and
marketing operations, and led a more than four-fold increase in
processing volume in a two year period.
“Matt is a welcome addition to the Acies sales
leadership team,” stated Firer. “Given
his fresh and exciting ideas for building our indirect sales channels,
coupled with a well established track record for achieving results, he
is sure to play a vital role in our Company’s
future growth.”
About Acies Corporation (pronounced “ay-see-us”)
Headquartered in New York City, Acies Corporation is a financial
services company that, through its wholly owned subsidiary, Acies, Inc.,
specializes in providing payment processing and online banking services
to small, medium, and large-size merchants across the United States.
Acies' payment processing services enable merchants to process Credit,
Debit, Electronic Benefit Transfer (EBT), Check Conversion, and Gift &
Loyalty transactions. Acies also offers traditional and next-generation
point-of-sale (POS) terminals, which enable merchants to utilize Acies'
payment processing services. Acies' banking services offer customers
traditional banking services and the ability for customers to apply for
an online bank account and pay bills electronically. For more
information, visit http://www.aciesinc.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the Company's
growth and profitability, growth strategy, liquidity and access to
public markets, operating expense reduction, and trends in the industry
in which the Company operates. The forward-looking statements contained
in this press release are also subject to other risks and uncertainties,
including those more fully described in the Company's filings with the
Securities and Exchange Commission, including the risk factors in its
form 10-KSB for the year ended March 31, 2005. The Company assumes no
obligation to update these forward-looking statements to reflect actual
results, changes in risks, uncertainties or assumptions underlying or
affecting such statements, or for prospective events that may have a
retroactive effect.
