Attached files
| file | filename |
|---|---|
| 8-K - ACIES CORP | acies8k021810.htm |
| EX-10.1 - ACIES CORP | ex10-1.htm |
| EX-10.2 - ACIES CORP | ex10-2.htm |
Exhibit
99.1
Acies
Corporation Appoints Steven Wolberg as Chief Strategy Officer of Acies,
Inc.
NEW YORK,
March 4, 2009 – Acies Corporation (OTCBB: ACIE)(the “Company” or “Acies”), which
specializes in payment processing services to small, medium, and large-size
merchants across the United States, announced today that its Board of Directors
appointed Steven Wolberg as its Chief Strategy Officer on March 1,
2010.
In this
new role, Wolberg will lead the ongoing development of Acies’ corporate strategy
and finding key opportunities to drive organic and potential acquisition growth
for the Company. Wolberg will focus on directing corporate
initiatives and developing strategic alliances with key corporate
partners.
Mr.
Wolberg brings a unique blend of legal and business skills and has more than 20
years of experience transacting in the local and international business arena.
Prior to joining Acies, Mr. Wolberg successfully served in multiple legal and
business roles including serving as Chief legal counsel and Vice President of
Mascot Network a Massachusetts technology company, Corporate and Real Estate
Attorney at Attorneys Brown & Rudnick, and President of Oakland Properties,
a real estate development corporation.
Mr.
Wolberg also currently owns and serves as the Managing Member of Prime
Portfolios, LLC, which does not directly compete with the Company, but which
does hold a private investment portfolio of payment processing companies similar
to the Company.
Oleg
Firer, President and Chief Executive Officer of Acies Corporation said, “Mr.
Wolberg’s vast experience and deep understanding of our dynamic industry,
combined with his proven track record of success will help us develop strategic
alliances with key partners and capitalize on opportunities within the growing
payment processing industry. We anticipate that Steven’s capabilities in
acquisitions, strategic planning, investor relations and the raising and
management of capital will prove invaluable to our company as we continue to
work toward our goals of profitable growth and maximizing value for our
shareholders.”
Mr.
Wolberg received his Bachelor of Arts from the University of Witwatersrand in
Johannesburg, South Africa, his Bachelors of Laws from the University of
Witwatersrand, in Johannesburg, South Africa, and his Juris Doctorate from the
New England School of Law in Boston, Massachusetts. Mr. Wolberg is also a member
of the Massachusetts Bar Association.
“I am
very excited about my new role at Acies.” said Mr. Wolberg. “The Company is
uniquely positioned to capitalize on prospects in the vibrant yet fragmented
payment processing arena. I look forward to being an integral part of the Acies
team responsible for realizing the Company’s strategic
initiatives.”
About
Acies Corporation
Acies,
Inc. (“Acies”'), a wholly owned subsidiary of Acies Corporation (OTCBB: ACIE),
is a financial services company that, through its wholly-owned subsidiary,
Acies, Inc., specializes in payment processing services to small, medium, and
large-size merchants across the United States. Acies' payment processing
services enable merchants to process Credit, Debit, Electronic Benefit Transfer
(EBT), Check Conversion, and Gift & Loyalty transactions. Acies also offers
traditional and next-generation point-of-sale (POS) terminals, which enable
merchants to utilize Acies' payment processing services.
For more
information, visit http://www.aciesinc.com.
-1-
Forward-looking
Statements
"Safe
Harbor'' Statement under the Private Securities Litigation Reform Act of 1995:
This press release contains or may contain forward-looking statements such as
statements regarding the Company's growth and profitability, growth strategy,
liquidity and access to public markets, operating expense reduction, and trends
in the industry in which the Company operates. The forward-looking statements
contained in this press release are also subject to other risks and
uncertainties, including those more fully described in the Company's filings
with the Securities and Exchange Commission. The Company assumes no obligation
to update these forward-looking statements to reflect actual results, changes in
risks, uncertainties or assumptions underlying or affecting such statements, or
for prospective events that may have a retroactive effect. Other unknown or
unpredictable factors also could have material adverse effects on the Company’s
future results. The forward-looking statements included in this press release
are made only as of the date hereof. The Company cannot guarantee future
results, levels of activity, performance or achievements. Accordingly, you
should not place undue reliance on these forward-looking statements. Finally,
the Company undertakes no obligation to update these statements after the date
of this release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are not paid for by
the Company.
Contact:
Acies
Corporation
Steven
Wolberg, Chief Strategy Officer
(617)
965-2664
steven@aciesinc.com
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