ATLANTA, GA--(Marketwire - 12/15/09) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "Company") (Pinksheets:TCHH - News) today announces it has successfully tested the Trustcash money transfer service. Specifically, two Trustcash member accounts were created, Trustcash tokens were purchased by member A, tokens were transferred to member B and member B was able to unload the tokens to their bank account as a real cash credit. The system allows Trustcash accounts to be loaded and unloaded via credit card and ACH. Direct debit options will be added in 2010.
This newest Trustcash technology will be made available to our members with the launch of the Trustcash 3.0 website and the completion of all compliance requirements.
The Company will continue testing the system with our current merchants as a pay out system and with our staff and consultants as an alternative to wire transfers and checks.
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. The Trustcash(TM) card is the only "stored value card" produced where no personal data is stored by or available to a vendor or merchant, providing a unique level of both security and privacy to the purchaser.
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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