TrustCash Finishes Development of TrustCash Transfer Service Component to Pursue Share of the $300 Billion Global Remittances Ma
September 30 2009 - 10:00AM
Marketwired
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today
announces it has finished development of its TrustCash transfer
service. Simply put, this transfer service will allow the transfer
of TrustCash tokens between TrustCash users. The ability of
TrustCash members to load and unload their TrustCash account via
credit card, ACH and direct debit provides the Company with a
completely new market opportunity.
The Remittance Market, also known as money transfers are
noncredit payments, which are often sent to a distant place, is one
of these markets.
A Washington Post Article in 2007 stated, "Migrants around the
globe sent more than $300 billion to their home countries last
year, a 'staggering' sum that surpassed foreign development aid and
foreign direct investment."
The article also mentions that the sum of global remittances
grows about 10 percent each year.
http://www.washingtonpost.com/wp-dyn/content/article/2007/10/17/AR2007101702163.html
The Company looks forward to commencing the marketing of this
new service to grow its revenue and continue adding value for its
shareholders.
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.
Contact: TrustCash Holdings, Inc. Shareholder Communications
Email Contact 1-800-975-5196
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