Acies' CEO to Be Featured Speaker and Panelist at PELORUS Group's Alternative Payment Summit.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Oleg Firer, President and Chief Executive Officer of Acies Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACIE ACIE Association of Charity Independent Examiners ACIE Association of the Cement Industries Employers (Iran) ), 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 pe·lo·rus n. pl. pe·lo·rus·es A fixed compass card on which bearings relative to a ship's heading are taken. [Origin unknown.] Group's Alternative Payment Summit being held in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. .
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 New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Acies Corporation is a business services company that, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , 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 EBT See: Earnings Before Taxes ), Check Conversion, and Gift & Loyalty transactions. Acies also offers traditional and next-generation point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) terminals, which enable merchants to utilize Acies' payment processing services. For more information, visit http://www.aciesinc.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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