Global Links Card Services Inc. Begins Launch of Co-Branded Prepaid Card under Agreement with Monhegan.NEWPORT BEACH -- PTS PTS put to sleep; a common euphemism for euthanasia, but also used to describe general anesthesia. Card Solutions Inc. (Pink Sheets: PTCD) announced today that Global Links Card Services Inc. ("GLCS"), a 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. of PTS Card Solutions Inc., has begun the launch of the first project for delivery of co-branded prepaid cards under its agreement with Monhegan Partners, L.P. and Craig A Silberman, both of San Diego. GLCS projects that a minimum of 35,000 cards will be issued in the first year of this project, generating net revenues in excess of $800,000 annually, with additional cards issued in succeeding years. Jim Brewer, 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. , GLCS, said, "We believe this project is the first of many to come through our relationship with Monhegan and Silberman." About PTS Card Solutions Inc. PTS Card Solutions Inc. is a partly owned, controlled subsidiary of PTS Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : PTSH). PTS Inc. recently assigned all of its interests in Global Links Card Services to its subsidiary, PTS Card Solutions Inc. Global Links Card Services Inc. markets its FastMax Prepaid Card through various agents and distributors. Please visit the company's Web site: http://www.glcsi.com/. About PTS Inc. PTS Inc.'s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves, which is being marketed by PTS in the United States and Asia. Another subsidiary of PTS Inc. is Disability Access Consultants (DAC See D/A converter and discretionary access control. DAC - Digital to Analog Converter ). More than 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act Americans with Disabilities Act, U.S. civil-rights law, enacted 1990, that forbids discrimination of various sorts against persons with physical or mental handicaps. of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It is estimated that there are more than seven million sites at risk across the United States. For more information about DAC, please visit: www.adaconsultants.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: Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. |
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