ClickPay Solutions, Inc. Announces A.J. McCann as New Board Member Tuesday, November 1st, 2005.PASADENA, Calif. -- ClickPay Solutions, Inc. (Pink Sheets:CKPY) announced today that Aaron "A.J." McCann has accepted a seat on the board of directors of the company, effective immediately. McCann was nominated because of his impressive background in the payment processing industry. "Mr. McCann will be instrumental in implementing ClickPay industry strategy," said Chairman Tim DaSilva. "We expect to engage in key merger/acquisition targets in the near future, so Mr. McCann's payment industry expertise and M&A experience is a perfect match for ClickPay's needs," concluded DaSilva. McCann was voted in by a majority of the shareholders of ClickPay Solutions, Inc. McCann brings tremendous domestic and international experience in the financial services industry. Prior to joining CKPY, he worked as Financial Alliance Manager/Payments Expert at Realm Business Solutions, Inc., a leading provider of software and services to the real estate industry and financial institutions. While at Realm, one of his major responsibilities was introducing the company's product lines to the largest processing banks in North America, such as Fleet, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , BankOne, Wachovia, JP Morgan Chase, Wells Fargo, US Bank, Washington Mutual and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . During his distinguished career, McCann also held various senior management positions at Electronic Data Systems Corporation (NYSE NYSE See: New York Stock Exchange :EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. ), Wells Fargo & Company (NYSE:WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council ) and Norwest Bank. His outstanding track record includes supervision and execution of several multimillion-dollar contracts with Fortune 500 companies, as well as maintaining senior level contacts at almost every Fortune 1000 financial industry corporation in North America and Europe. About ClickPay Solutions, Inc. ClickPay Solutions, Inc. is a sales and marketing organization that provides retail locations with a "Cashless-Check-Cashing" service. The service enables a consumer to cash a paycheck and have the funds loaded to a stored value card (ATM). The funds from the paycheck are guaranteed to the merchant and the consumer is immediately able to utilize the card wherever PIN based MasterCards are accepted. Visit http://www.clickpaysolutions.com for more information. 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 This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. , extremely small and/or thinly traded Thinly traded Infrequently traded. . Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. or the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest. |
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