TrustCash Provides Shareholder Update
14 1월 2011 - 6:00AM
Marketwired
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "COMPANY")
(PINKSHEETS: TCHH) today comments on corporate developments.
BUSINESS OVERVIEW
TrustCash's business model, in the past, was focused on
expanding through acquisitions. Amongst other things, economic and
stock market conditions have not been conducive to affect such a
strategy. The Company's ongoing focus is aimed at improving its
balance sheet and income statements. To do so the Company has: a)
implemented plans to develop its technology platform for increased
revenue streams; b) restructured and or settled substantially all
of the Company's debt obligations and; c) reduced expenses by,
amongst other things, operating as a internet/virtual company.
Outsourcing customer and technical support results in a long
term leased physical office not being required for staff and thus
reduces overhead. Our servers are located in PCI compliant
premises, and the Company leases physical office space as required
from its CEO.
Fundamentally business growth is one plan for adding shareholder
value. With that in mind, in 2010, we rebuilt and expanded our
entire technology platform along with launching a new website.
Our services now extend beyond those offered by most Internet
Payment Service Providers (IPSP's) to include amongst other things
our proprietary TrustCash Deposit -- cash payment alternative to
credit cards. Please see our demonstration at
http://www.trustcash.com/products/trustcash-demo
The Company is expanding its market offerings to include
Business to Business and Mobile Commerce solutions.
We are focused on marketing TrustCash Deposit and our Mobile
Commerce solutions to E-Merchants and Billing Gateways. One
particular market we are focusing on is the internet dating and
social networking sites.
Additionally, the Company plans to add a Spanish version of its
website and services, and we are registered to attend the Internet
Dating Conference event in Miami from January 19-21, 2011.
The Company looks forward to sharing our upcoming progress.
ABOUT TRUSTCASH
The TrustCash™ platform delivers a sophisticated, comprehensive
online and mobile payment processing system.
The TrustCash technology infrastructure provides merchants with
open access, PCI compliant payment processing. TrustCash™ is an
E-Commerce and Mobile Commerce expert providing online businesses
with payment solutions needed to be successful.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological changes
and uncertainties related to the development of TrustCash's
business model. The actual results TrustCash may achieve could
differ materially from any forward-looking statements due to such
risks and uncertainties.
Contact: TrustCash Holdings, Inc. Shareholder Communications
Email Contact: Email Contact 1-800-975-5196
Trustcash (CE) (USOTC:TCHH)
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Trustcash (CE) (USOTC:TCHH)
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