SVC Financial to Showcase Wireless Phone Fund Transfers at Intele-Card Expo
San Francisco, CA, 03/15/2005, SVC Financial Services, Inc. (OTC: SVCX), a leading provider of electronic payment processing and stored value products and services, announced today that its featured presentation at Intele-Card Expo will unveil a unique capability to transfer funds from one wireless telephone to another. Intele-Card Expo, which brings together the leading innovators in stored value and electronic and telephone payment processing, is scheduled for March 22-24 at the Miami Beach (FL.) Convention Center.
“With the introduction of this product, we believe that SVC will fundamentally change the business of funds transfer -- whether it’s to a recipient within the United States or anywhere in the world,” said Christopher Haigh, SVC President and CEO. “Our technology enables anyone from a migrant worker sending money home to his family in another country to a parent sending their high school/college age kid $20 bucks for pizza to send that money using just their cell phones. This is a huge step forward, not to mention a huge business, $90 billion plus last year in remittances, generated over $7 billion in fees, our research shows that there is tremendous demand for a cost effective service that is easy and secure, and that’s Scoot! We are very excited to introduce Scoot at Intele-CardExpo, the pre-eminent forum for innovators in our industry.”
The event is sponsored by Intele-Card News, which, since its founding in 1995, has become the definitive resource within the thriving prepaid communications and burgeoning smart card industries. ICN reports on practical applications and business solutions provided by prepaid products and services internationally. Markets covered include telephony, wireless, stored value, e-payment and smart cards. More information can be obtained at www.intelecard.com and www.intelecardexpo.com.
About SVC Financial Services
SVC Financial Services (OTC: SVCX) is a provider of an integrated suite of secure electronic payment, web application development, digital rights management and multimedia authoring solutions with a focus on the online retailing and entertainment industries as well as the companies that serve them. SVC provides a highly secure and reputable private-label service for retailers and financial services. The combination of Digital Rights Management with SVC Payment Services in the company’s Mazarin Media Platform serves a broad range of merchant and consumer needs such as a profitable and easy-to-use micropayment system, credit card payment processing, and digital asset bundling and promotion. More information about the Company may be obtained at www.svcfinancial.com.
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Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company’s ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
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