BACK
International Card Establishment (I.C.E.) Signs 11 Independent
Sales Agents Providing Credit Card Services to Merchants in the United States and Canada
I.C.E. to Provide Administrative and Processing Services to New Agents
Oxnard, California – July 19, 2004—International Card
Establishment, Inc. (OTCBB:ICRD) today announced that it had
signed 11 new independent agents who will act as its
representatives in the United States and Canada. The agents are
located in: Brownsville, Texas; Scottsdale, Arizona; Freeland,
Washington; Upland, California; Bermuda Dunes, California;
Ventura, California; Glendora, California; Mississauga, Ontario;
and, Vernon, British Columbia.
As part of the I.C.E. group of independent sales agents, this
newly recruited corps will direct their administrative and
processing workload to I.C.E. which will handle all of the “back
office” functions associated with credit card processing. This
includes customer service issues, electronic transaction
point-of-sale equipment deployment and servicing and any special
agent training.
"We are extremely pleased to have signed these agents to our
independent agent program, whose function is to free these agents
from unproductive administrative tasks so that they can
concentrate on what they do best: winning new merchant accounts,”
said Jonathan Severn, Chairman and President, I.C.E. “Moreover,
I.C.E. expects to increase its revenue stream from its newly
signed agents by providing them with additional processing
services as soon as I.C.E. is certified as a direct credit card
processor," Mr. Severn added.
About I.C.E.
I.C.E. (http://www.cardnetone.com/) is a rapidly growing provider
of diversified products and services to the electronic transaction
processing industry. I.C.E. establishes merchant accounts for
businesses that enable them to accept credit cards, debit cards
and other forms of electronic payments; supplies point-of-sale
systems; facilitates processing; and markets a proprietary “Smart
Card"-based system – which allows gift and loyalty functions to be
stored on one card -- that enables merchants to offer
store-branded gift and loyalty cards.
Forward-Looking Statements
This press release may contain forward-looking statements that are
subject to risks and uncertainties. Important factors which could
cause actual results to differ materially from those in the
forward-looking statements, include but are not limited to: the
company's short operating history which makes it difficult to
predict its future results of operations; the company's initial
history of operating losses with possible future losses which
could impede its ability to address the risks and difficulties
encountered by companies in new and rapidly evolving markets; the
company's future operating results could fluctuate which may cause
volatility or a decline in the price of the company's stock; the
possibility that the company may not be able to price its services
above the overall cost causing its financial results to suffer;
and other factors detailed in this press release and in future
company filings with the Securities and Exchange Commission, at
such time as the company is required to report its results of
operations under the Securities Exchange Act of 1934, as amended.
Investor Relations Contact:
PAN Consultants, Ltd.
Philippe Niemetz,
toll-free: 800/477-7570
212/344-6464
email: p.niemetz@panconsultants.com
|
|
|
