Acies Corp. Hosts First-Ever Investor Conference Call.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 -- Acies Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ACIE ACIE Association of Charity Independent Examiners ACIE Association of the Cement Industries Employers (Iran) ), a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company specializing in electronic payment processing and online banking services to small, medium and large-size companies, yesterday held its first-ever investor conference call to discuss results for the fiscal year ended March 31, 2005. Company highlights for fiscal 2005 which were discussed in the call included: --Revenues for Fiscal 2005 more than tripled versus prior year, with year-end merchant account portfolio and gross margin and transaction volumes more than doubling, and continued steady growth; --Net loss of $3.9 million principally caused by "going public costs" and other non-recurring expenses associated with building efficient infrastructure created to support scalable and risk-averse business model; --Key strategic alliances were cultivated with JP Morgan Chase, FirstData and others; --Amongst first to offer "contactless" card payment technology; --Financing was obtained which Acies believes will support future organic growth; --Added strength and depth to leadership team; --As of May 31, Acies is a debt-free company. A webcast replay is available at the Acies website, www.aciesinc.com, and a telephone replay is available until July 13 by dialing (888) 286-8010, Passcode 70147945. Forward-looking Statements "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 Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. 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. 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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