Monhegan Partners Signs Agreement to Distribute Prepaid Cards for Global Links Card Services Inc.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- 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., executed an agency agreement with Monhegan Partners, L.P. and Craig A Silberman, both of San Diego, Calif., to represent GLCS's prepaid cards. Monhegan anticipates marketing payroll and 1099 cards to its existing sources of companies, national associations, labor unions and affinity groups. Monhegan's managing partner, George Schwartz, has indicated they will concentrate on their contacts in the direct selling and network marketing industry, and corporate markets. Schwartz said, "Our goal is to bring GLCS quality organizations that will bring residual income based upon consistent loading and transaction usage." 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, stated, "We believe the relationship forged by our agreement with Monhegan and Silberman will assure continued growth in card activations and transaction revenue." Monhegan anticipates its first client will begin program initiation by June 1, 2006, and initial transaction revenue beginning in the third quarter. 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/. 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 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. The company is not required to update its forward-looking statements. |
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