2004-05-28 11:02:05
Maxxzone.com Inc. Announces That It Has Changed Its Name to American Card Services Inc. and It Has Appointed New Management to Key Positions
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Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--MAXZ-- Walter H. Roder, the newly appointed chairman of the board and president & chief executive officer, announced that the company has changed its name from Maxxzone.com Inc. (OTC BB: MAXZ), to American Card Services Inc. ("ACS"), a Nevada corporation. Roder was also appointed the secretary of the company. David Eison was appointed a director and treasurer of the company, as well as the executive vice president, operations. The company will conduct its operations from Orlando, Fla. ACS will continue to use the trading symbol MAXZ.OB until a new symbol is obtained. Maxxzone purchased all the assets of American Card Services Inc., a Delaware corporation, on April 27, 2004. Roder and Eison held the similar positions at the Delaware corporation. Other members of Roder's management team have been appointed to senior positions at ACS, including Robert Warner, chief financial officer, and Rolando Ramos, executive vice president, marketing. "The new management team of ACS has over 100 years of banking experience and marketing financial services to the Hispanic community," Roder said. Roder thanked Rolando Becker, the former chairman, president & CEO of Maxxzone, now ACS, for his stewardship and for his vision for moving the company into the rapidly emerging stored value debit card industry. "I look forward to Roland's continuing participation, along with Steven Careaga, as directors during the transition period," Roder stated. "The company's new mission is to empower immigrant workers including 17 million workers in the U.S. born in Latin America who are mostly 'unbanked' with the ability to change the way they manage their cash and transfer money worldwide. By using the company's products, these workers save substantial money, as well the products are far safer and more convenient to use. According to a recent study, Latino workers alone earned $450 billion last year in the U.S. and sent $30 billion to their homelands," Roder continued. "Almost 30 years ago, I was part of a team at Citibank that introduced the first ATMs and issued the first debit cards to 'banked' customers in New York. This company plans on doing the same thing for 'unbanked' workers in the U.S. today and tomorrow," Roder stated. The Ultima Card(TM) Twin-Access Debit Card Pack(TM) is the ACS flagship product. Roder held numerous senior positions at Fortune 500 companies, including director of marketing at RJ Nabisco; vice president of marketing at Citibank's Credit Card and New York Banking Divisions in New York; senior vice president of marketing at Diner Club International, a Citicorp subsidiary; chief marketing officer and senior vice president at Bank of America, San Francisco; and executive vice president, credit card development at Providian Bancorp, San Francisco. Roder has a B.S. and M.S. from Ohio University. For more information, visit www.ultima-cards.com or call 866-703-7556. This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring including, but not limited to, our contemplated transaction with American Card Services Inc.; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders and/or former or current investors; (7) the company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control. KEYWORD: INTERNATIONAL LATIN AMERICA NEW YORK FLORIDA INDUSTRY KEYWORD: CONSUMER/HOUSEHOLD BANKING CONSUMER/HOUSEHOLD MANAGEMENT CHANGES MERGERS/ACQ SOURCE: American Card Services Inc. CONTACT INFORMATION: American Card Services Inc. Dorian Beach, 407-226-1025 (Press) dorian.beach@ultima-cards.com Robert Warner, 407-226-1022 (Investor) robert.warner@ultima-cards.com
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Due Da Due......But Be Quick About It!!!!!
DaDog