Seven Ventures, Inc. Announces New Contract Signings for Its Subsidiary, Chex Services, Inc.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--June 14, 2004 Seven Ventures, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SVVI), announced today that its wholly-owned subsidiary, Chex Services, Inc., a provider of comprehensive cash access services to gaming facilities and retail locations under the trademarked name FastFunds, has executed new cash services contracts for gaming and retail locations. Chex Services announced a three-year contract to provide full-service, cash access booth operations at Victories Casino in Petosky, Michigan. Chex Services has also negotiated new six-year contract extensions for full service booth operations with current customers Black Bear Casino in Carlton, Minnesota and Fond-du-Luth Casino in Duluth, Minnesota. In addition to these full service booth contracts, Chex Services announced it has signed a contract with current customer, Little River Casino in Manistee, Michigan Manistee is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 6,586. It is the county seat of Manistee County6. Manistee Township is located to the northeast of the city, but is politically separate. , to deploy Chex's latest ATM & networking technology for the automatic teller machines See ATM. located at the casino. Chex Services also announced the signing of two new contracts for use of its ChexGuard electronic check conversion system with retailers located in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. and Atlanta, Georgia. Seven Ventures, Inc. is a holding company operating through its 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. , Chex Services, Inc. of Minnetonka, Minnesota For other uses, see Minnetonka (disambiguation). Minnetonka is a suburban community located eight miles west of Minneapolis in Hennepin County. Its 2000 population of 51,480 makes it the fourteenth largest city in Minnesota. . The Company specializes in, and is the industry leader for, full booth operations to Native American casinos American Casino is a current American reality television series. The show originally aired on the Discovery Channel, but in June 2005, it was moved to The Travel Channel. and has developed a suite of cash access products for use in the traditional gaming and retail markets. Chex Services' website is located at www.fastfundsonline.com. The Company is majority owned by Equitex, Inc. (Nasdaq:EQTX), a holding company based in Englewood, Colorado Englewood is a city in Arapahoe County, Colorado, USA. As of 2005, the city is estimated to have a total population of 32,350.[5] It is part of the Denver-Aurora Metropolitan Area. . The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward- looking statements made pursuant to the 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. provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Securities and Exchange Commission filings of Seven Ventures, Inc. or its majority owned parent company Equitex, Inc.; economic downturns affecting the operations of Seven Ventures its subsidiaries or companies proposed for merger or acquisition; the loss of contracts or failure to acquire new contracts; success of any legal actions; failure to successfully implement newly developed product lines including projected increases in revenues or earnings; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by Seven Ventures or its subsidiaries; failure to obtain or maintain regulatory approval for products and services offered by Seven Ventures or its subsidiaries; adverse equity market conditions and declines in the value of Seven Ventures common stock; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and Seven Ventures disclaims any intent or obligation to update these forward-looking statements. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion