Post by bg317 on Apr 8, 2008 8:32:13 GMT -5
Trustcash Holdings, Inc. Releases the Fourth and Final Segment of Its Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.
"Both Companies Are Currently Undervalued; Together We Will Be Building the Prepaid Company of the Future to Increase Shareholder Value"
NEW YORK, NY, Apr 08, 2008 (MARKET WIRE via COMTEX) -- TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) today released the fourth and final segment of a letter from its Chairman, Dennis Shafer, to its shareholders and the shareholders of PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
Dear Trustcash and Paivis Shareholders:
We previously reviewed the prospective merger of Trustcash Holdings, Inc. and Paivis, their respective businesses, and the growth opportunities available as a result of consolidating power within the emerging markets of debit cards and phone payment cards for a rapidly growing cash-based economy.
Summary Facts of the Merger:
-- $100 billion plus e-Commerce market
-- $171 billion closed-loop stored value card market
-- $6 billion phone card market (according to an Atlantic-ACM report)
-- Common cash-based market of 100 million consumers
-- $73 million combined revenue
-- 100,000 users
-- Potential of over 70,000 retail outlets
-- Common transaction processing and administrative functions
-- Consolidated powerhouse in a fragmented market
-- Integrating four of the leading growth industries: stored value cards,
wireless services, Internet and e-Commerce, and cash-based payment
transactions
In my opinion the summary facts above, which I previously discussed in detail, clearly shows the value potential ahead of us. We believe it also shows that based on the future post merger opportunity that both companies in terms of common share price are currently undervalued.
As we move forward to merger and make these summary facts part of our operational foundation we feel we are building the prepaid company of the future.
Our final discussion relates to the operating and management synergies resulting from this merger. Paivis, its pending acquisition partners and Trustcash all have similar payment processing functions and similar distribution methods. Combining functions such as sales and marketing, Information Systems (IS), and administrative processes may result not only in immediate savings and profit enhancement, but more importantly a strategic advantage over smaller competitors.
We plan to consolidate our IS functions and add state of the art systems in order to provide the scale necessary to support rapid and large volume growth, in addition to superior customer service and payment processing flexibility. Our sales and distribution activities will be consolidated to increase relationships with current retailers as well as to rapidly grow our distribution in all geographic and consumer market segments. And we plan to accelerate our combined marketing activities to reach a much greater segment of the cash based economy, using techniques such as ethnic group targeting, geographic targeting, multi language marketing materials, and key influencer public figures in marketing campaigns.
Finally, consolidating and enhancing our management team forms a team with the characteristics required to lead a company from merger to integration to growth and ultimately to profit.
We know our businesses and our market opportunities, and are ready to add significant value to investors and shareholders as we consolidate our individual strengths to build the prepaid company of tomorrow.
Sincerely,
Dennis Shafer
Chairman
Trustcash Holdings, Inc.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 online through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact , as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. TRUSTCASH and PAIVIS intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause TRUSTCASH and PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in TRUSTCASH and PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at www.sec.gov.
Trustcash
Investor Relations
Charles Moskowitz
212-755-4884
SOURCE: Trustcash Holdings, Inc.
"Both Companies Are Currently Undervalued; Together We Will Be Building the Prepaid Company of the Future to Increase Shareholder Value"
NEW YORK, NY, Apr 08, 2008 (MARKET WIRE via COMTEX) -- TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) today released the fourth and final segment of a letter from its Chairman, Dennis Shafer, to its shareholders and the shareholders of PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
Dear Trustcash and Paivis Shareholders:
We previously reviewed the prospective merger of Trustcash Holdings, Inc. and Paivis, their respective businesses, and the growth opportunities available as a result of consolidating power within the emerging markets of debit cards and phone payment cards for a rapidly growing cash-based economy.
Summary Facts of the Merger:
-- $100 billion plus e-Commerce market
-- $171 billion closed-loop stored value card market
-- $6 billion phone card market (according to an Atlantic-ACM report)
-- Common cash-based market of 100 million consumers
-- $73 million combined revenue
-- 100,000 users
-- Potential of over 70,000 retail outlets
-- Common transaction processing and administrative functions
-- Consolidated powerhouse in a fragmented market
-- Integrating four of the leading growth industries: stored value cards,
wireless services, Internet and e-Commerce, and cash-based payment
transactions
In my opinion the summary facts above, which I previously discussed in detail, clearly shows the value potential ahead of us. We believe it also shows that based on the future post merger opportunity that both companies in terms of common share price are currently undervalued.
As we move forward to merger and make these summary facts part of our operational foundation we feel we are building the prepaid company of the future.
Our final discussion relates to the operating and management synergies resulting from this merger. Paivis, its pending acquisition partners and Trustcash all have similar payment processing functions and similar distribution methods. Combining functions such as sales and marketing, Information Systems (IS), and administrative processes may result not only in immediate savings and profit enhancement, but more importantly a strategic advantage over smaller competitors.
We plan to consolidate our IS functions and add state of the art systems in order to provide the scale necessary to support rapid and large volume growth, in addition to superior customer service and payment processing flexibility. Our sales and distribution activities will be consolidated to increase relationships with current retailers as well as to rapidly grow our distribution in all geographic and consumer market segments. And we plan to accelerate our combined marketing activities to reach a much greater segment of the cash based economy, using techniques such as ethnic group targeting, geographic targeting, multi language marketing materials, and key influencer public figures in marketing campaigns.
Finally, consolidating and enhancing our management team forms a team with the characteristics required to lead a company from merger to integration to growth and ultimately to profit.
We know our businesses and our market opportunities, and are ready to add significant value to investors and shareholders as we consolidate our individual strengths to build the prepaid company of tomorrow.
Sincerely,
Dennis Shafer
Chairman
Trustcash Holdings, Inc.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 online through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact , as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. TRUSTCASH and PAIVIS intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause TRUSTCASH and PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in TRUSTCASH and PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at www.sec.gov.
Trustcash
Investor Relations
Charles Moskowitz
212-755-4884
SOURCE: Trustcash Holdings, Inc.
