CORRECTING and REPLACING PayStar Launches Prepaid Debit MasterCard Card for Nationwide Community Project.Business Editors LODI, Calif.--(BUSINESS WIRE)--Jan. 13, 2004 In BW5692 issued Jan. 13, 2004: All references to MasterCard and Visa should be followed by a registered trademark symbol, sted a trademark symbol: MasterCard(R) and Visa(R) (sted MasterCard(TM) and Visa(TM)). The corrected release reads: PAYSTAR LAUNCHES PREPAID DEBIT MASTERCARD CARD FOR NATIONWIDE COMMUNITY PROJECT PayStar Corporation's (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PYST) GLOBALCash Division, one of the nation's growing providers of secure debit cards, announced today a launch providing the prepaid CTNP CTNP Cat Tien National Park (Vietnam) debit MasterCard(R) card for a national program called the "Community Technology Network Project" (CTNP). PayStar and other Alliance Partners of the CTNP program including CoreComm Limited (OTC:ATX See ATX motherboard. (hardware, standard) ATX - An open PC motherboard specification by Intel. ATX is a development of the Baby AT specification with the motherboard rotated 90 degrees in the chassis. ), Commsure, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Family Health Benefits, Inc., as well as other fortune 1000 companies are supplying multi-technology digital services and computers to residents of The United States Department of Housing and Urban Development The United States Department of Housing and Urban Development, often abbreviated HUD, is a Cabinet department of the United States government. Although its beginnings were in the House and Home Financing Agency, it was founded in 1965 to develop and execute policy on housing (HUD Hud (h d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. ) Section 8 and Public Housing programs. "The initial launch of the prepaid CTNP MasterCard(R) card will begin in Texas, Louisiana, Indiana, Ohio, Michigan and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . This launch signifies the beginning of the enrollment phase of the CTNP program," stated William D. Yotty, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , PayStar Corporation. "Ultimately the program offering will provide millions of underserved Section 8 and Public Housing residents the opportunity to make purchases online and at retail outlets. This is just the first wave of a multi-year marketing campaign for the nationwide CTNP program. The revenues generated by the CTNP program will significantly increase GLOBALCash's earnings for 2004." The CTNP program initiative was developed and is administered by Worldwide Communication Group, Inc. Through this innovative Alliance Partnership, millions of Section 8 and Public Housing residents will now have an opportunity to obtain personal computers and Internet access See how to access the Internet. . The program will enable participants to bridge the "Digital Divide" and gain the opportunities afforded Internet connected families. The CTNP program is scheduled to move quickly throughout the nation's 3,300 Housing Authorities. About Worldwide Worldwide Communication Group, Inc. was founded in 1995 is a commercial telecommunication corporation. WCG WCG World Cyber Games WCG Worldwide Church of God WCG World Community Grid WCG Wellington Caving Group (caving club in New Zealand) WCG Washington Calligraphers Guild WCG West Coast Grocery was appointed as the Implementation Director for the Telecommunication & Information Assistance Program to implement the Community Technology Network Project (CTNP) (www.ctnp.info). WCG's commercial telecommunication service bureau provides digital technology communication services to individuals and families that would otherwise not have such services due to the lack of a checking account or major credit card accessibility. About PayStar PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and MasterCard(R) cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere Visa(R) and MasterCard(R) is accepted (stores, restaurants, theaters) and online. PayStar currently supplies the prepaid ATM debit card for a national government project to enable millions of underserved and subsidized housing individuals access to prepaid ATM debit cards. PayStar's internal corporate and distributor sales as well as mergers and acquisitions will continue to drive growth. This news release contains forward-looking statements within the meaning of 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. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks with the regulation of the telecommunications industry. |
|
||||||||||||

d)
Printer friendly
Cite/link
Email
Feedback
Reader Opinion