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Mutual Merchant Services Inc Announces Acquisition
Sep 26,2008 00:00
by
saroja
fka Sage Global Solutions, Inc. todayannounced that it has acquired 1st Federal Financial, Inc. as a whollyowned subsidiary. As part of this transaction the former managementresigned and appointed T. A. Gillis as Director and President of MUTM. Mr. Gillis has moved quickly to implement a 1:400 reverse stock split ofthe common stock of the Company and secure funding of up to $2,000,000 tolaunch the Company's marketing plan. MUTM (www.mutualmerchantservices.com) is a single source provider offinancial services, offering a variety of products and services tomerchants, financial institutions, and banks. Services offered includecredit and debit card acceptance, check guarantee, check verification,check conversion, check 21, advance funding, ACH check processing, prepaidand bill pay services. MUTM also provides point of sale software, hardware,and e-commerce products. Mr. Gillis is considered an icon in the credit card processing industry.With over 30 years of experience, he is one of the pioneers of movingcredit card processing into the electronic age. Forward-Looking Statements This press release contains certain forward-looking statements, which aremade pursuant to the safe harbor provisions of the Private SecuritiesLitigation Reform Act of 1995. Expressions of future goals and similarexpressions reflecting something other than historical fact are intended toidentify forward-looking statements, but are not the exclusive means ofidentifying such statements. These forward-looking statements involve anumber of risks and uncertainties that could cause actual results to differmaterially from those currently anticipated. Factors that could cause orcontribute to such differences include, but are not limited to, marketacceptance of products and technologies, competitive factors, and theCompany's ability to continue to secure sources of financing. The Companyundertakes no obligations to revise or update any forward-lookingstatements in order to reflect events or circumstances that may arise afterthe date of this press release. http://pr-canada.net/index.php?option=com_content&task |