Message #9 From:
Stock News Bot Date: November 27, 2006 05:30:00 AM
ACIE News Acies' CEO to Be Featured Speaker and Panelist at PELORUS Group's Alternative Payment Summit
NEW YORK--(BUSINESS WIRE)--Oleg Firer, President and Chief Executive Officer of Acies Corporation
(OTCBB:ACIE), a business services company specializing in providing
payment processing services primarily to small- to medium-size merchants
across the United States, will be a featured speaker and panelist at The
PELORUS Group’s Alternative Payment Summit
being held in San Antonio, Texas.
WHEN: Tuesday, November 28, 2006
Presentation Time: 2:15 pm - 3:00 pm
WHERE: Hilton Palacio del Rio Hotel
200 South Alamo Street
San Antonio, Texas
WHAT: Mr. Firer will join Mohammad Khan, President, COO and
co-Founder of ViVoTech, in an interactive panel discussion
entitled, "Overcoming Difficulties Associated With
Establishing An Alternative Payments System".
ABSTRACT: The acceptance costs associated with credit cards,
compounded by back-office costs required to deal with fraud,
are serving as incentives for establishments to explore
alternative payments methods. But while alternative payments
are making headway amongst retailers, many merchants remain
skeptical. The difficulties associated with establishing a
new payments system are well documented. Because of the
relative young age of both the market and requisite
technologies, demand to date is measured at best. There is a
need, therefore, that the system support niche or unique
transactions offer measurable improvements over existing
solutions. This session will take a hard candid look at the
hurdles to erecting an alternative payments system, and will
explore what it takes to deploy a successful, working one.
About The PELORUS Group
The PELORUS Group has emerged as one of the fastest growing independent
market research and consultancy companies in the financial services and
telecommunications industries. The PELORUS Group produces authoritative
analysis and research reports, provides custom business planning
services, and offers timely industry conferences. Initially called
TELEOS Resources, Inc., the Company was founded in 1987 by Alan Fross.
In January 1990, the firm changed its name to The PELORUS Group to more
accurately portray its widening scope of expertise.
About Acies Corporation (pronounced “ay-see-us”)
Headquartered in New York City, Acies Corporation is a business services
company that, through its wholly owned subsidiary, Acies, Inc.,
specializes in providing payment processing services primarily to small-
to medium-sized 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. 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, 2006. 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.
