Acies Corporation Announces New Senior Vice President - Sales & Marketing.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 (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, today announced the appointment of Michael H. Steeneck as Senior Vice President - Sales and Marketing. Steeneck will report directly to Oleg Firer, President and Chief Executive Officer of Acies. "We are truly excited by the addition of Mike Steeneck to our management team. With a combination of unparalleled experience and expertise in all aspects of the payment processing industry, Mike is sure to bring superb leadership to the Acies sales team." Prior to joining Acies, Steeneck was President of Sales and Business Development for AMI Merchant Solutions (an affiliate of AdvanceMe), where he was responsible for, and successful in, building the sales organization from the ground up. Steeneck was previously with Cornerstone Payment Systems, where he was Senior Vice President of Sales, and from 1991 through 2003 he was with First Data Corporation, where he most recently held the position of Senior Vice President of Sales and Acquisitions. 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" 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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