ATLANTA, GA--(Marketwire - 10/07/09) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (Pinksheets:TCHH - News) today confirms gross revenue (unaudited) for three month period ending September 30, 2009 has increased by approximately 101% compared to the quarter ended June 30, 2009.
Specifically gross revenue (unaudited) increased to Four Hundred and Twenty Eight Thousand Seven Hundred dollars ($428,700) for the three month period ended September 30, 2009 compared to Two Hundred and Thirteen Thousand Two Hundred and Seven dollars ($213,207) for the quarter ended June 30, 2009.
Trustcash Management stated, "Our increase in revenue is a result of the launch of our virtual check out terminal and continued acceptance and use of the Trustcash merchant check out system generally. We continue to execute on our business plan and are preparing our financial statements to disclose to our shareholders. We expect our growth to continue."
About Trustcash
Through its Trustcash brand and website (www.trustcash.com), Trustcash is a pioneer of anonymous payment systems for the internet. Trustcash developed a business based on the sale of a virtual stored value card that can be used by consumers to make secure and anonymous purchases on the internet. The company markets its Trustcash(TM) payment card, which is sold in denominations ranging from $10 to $200 online.
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.
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