American IDC Corp. to Acquire YourTeller.com, Inc.

Business Editors & High-Tech Writers

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--June 11, 2002

American IDC Corp. (OTC:ACNI) today announced that it has signed a Letter of Intent to acquire 100% of YourTeller.com, Inc., a closely held corporation, in exchange for 10.5 million shares of ACNI.

ACNI will change its name to YourTeller.com, Inc., consolidate and immediately file for listing on the new BBX. The new management team of YourTeller.com (ACNI) will be spearheaded by Conrad Gunther and Robert Newson, who together headed up the development of the "YourTeller" products since inception and have substantial experience in the financial services and payment processing fields.

With the merger, ACNI inherits the rights to all the "YourTeller" products. This is a fully developed, operational and truly international payment processing platform for efficiently processing payments via the Internet in combination with both a virtual and physical universal acceptance card issued under the MasterCard brand name. While an individual typically opens the "YourTeller" Account, it is also merchant driven in the context that the product is marketed primarily through select merchants. These specifically profiled merchants generally have recurring sales or payments to and from the same individuals, members, or agents.

The "YourTeller" solution provides individuals with an unlimited online banking experience, which is dramatically enhanced by the use of the accounts' linked Debit MasterCards. The individuals may fund their "YourTeller" Account via a cash advance from any credit card, by wire transfer, Western Union, ATM, or check. The "YourTeller" Account holder may then purchase goods and services anywhere a MasterCard is accepted. In addition, the Debit MasterCard can be used to draw cash from any of the more than 1,500,000 ATM locations on all seven continents that feature the Maestro or Cirrus logos.

As part of the transaction, CreditCard Services sal (CSC), an international financial institution, will initially acquire approximately 8% in ACNI for equipment, services and other valuable considerations. CSC holds substantial deposit accounts for individuals and companies and has relationships with more than 50 of the world's largest banks. In 2001, CSC provided credit card-related services, including ATM management, for 27 banks and processed more than 7 million transactions.

"CSC provides the processing services for all the `YourTeller' products, and their investment is an indication of their belief in the `YourTeller' solutions and their commitment to the success of the product," stated Lee.

The "YourTeller" solution has numerous vertical market applications including, for example, the multilevel marketing conglomerates of today, where a truly international bank account with a Debit MasterCard allows automated payments between a head office and its thousands of agents worldwide, and provides those same agents access to their funds immediately, through a real-time transaction system.

The "YourTeller" solution is an "open loop," unlike many "closed loop systems," which convert a transaction into some form of e-cash that is of little use in the real world. The universal acceptance of MasterCard allows account holders to spend their money freely without having to reconvert the funds. Thus, the more than 24 million merchants in 210 countries around the world that accept MasterCard obviously accept the "YourTeller" card as well.

"When we first looked to develop the product over a year ago, we wanted to ensure that we were in full compliance with the VISA/MasterCard association rules and regulations," stated Rob Newson, President of YourTeller.com, Inc. "Too many solutions that are marketed today look to disguise the true nature of the transaction by use of various e-cash payment conversion systems; thus, for very good reason, the associations frown on this type of cloaking. It is essential that transactions be coded correctly for the protection of all concerned."

The "YourTeller" Account is marketed under the logo: YourTeller.com. The "YourTeller" Account may be viewed at: www.YourTeller.com.

"YourTeller.com is pleased with the impending merger with ACNI as it provides the opportunity to accelerate the process of marketing the `YourTeller' Account products," stated Conrad Gunther, Chairman and CEO of YourTeller.com, Inc. "We have expended significant resources to develop the `YourTeller' Account products and view this as an excellent opportunity to bring our products to today's global marketplace."

Gordon Lee, current president and CEO of ACNI, will be relinquishing his management responsibilities to Mr. Gunther and Mr. Newson upon successful completion of the acquisition. He will remain involved as a member of the Board of Directors and a Consultant.

Lee stated, "The `YourTeller' Account product is a fully tested, operational Internet payment processing system. It serves a unique niche in the payment processing market and affords ACNI with the opportunity for substantial growth and profitability."

For further information on YourTeller.com, please contact [e-mail].

Safe Harbor: Certain statements in this news release may contain forward looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities and Exchange Act of 1934 and are subject to the safe harbor created under those sections. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.