P.S. I know its on other threads just thought it would be easier to follow this way. No offence to Will. LOL

July 07, 2004 09:15 AM US Central Timezone

ACS Holdings Shareholder Update from President & CEO Walter H. Roder

ORLANDO, Fla.--(BUSINESS WIRE)--July 7, 2004--Walter H. Roder, the president & CEO of ACS Holdings Inc. (OTCBB: ACSH), announced the following shareholder update today.

I would like to take this opportunity to update our shareholders in light of our recent merger transaction. MaxxZone.com Inc. and American Card Services Inc. merged through an Asset & Liabilities Purchase Agreement that was approved by the MaxxZone shareholders and closed on May 12, 2004.

Financial Overview

The company is currently generating revenues and has produced 150,000 stored value debit card packs. The company engages in a profitable business model, retaining an estimated 35 percent of the sale price of card packs and 55 percent of the fee income as its gross margin from recurring fees (after variable expenses). Management believes that with as few as 26,000 average active card packs in the second half of 2004, the company would likely earn nearly $500,000 in pre-tax income for the year. Management further believes it is reasonable to expect $1.6 million in pre-tax income in 2005 (with 107,000 average active card packs) and up to $4.8 million in pre-tax income in 2006 (with 225,000 average active card packs).

The Company

The company seeks to capture a large portion of the rapidly emerging stored value debit card market that provides unbanked, primarily immigrant workers in the United States with viable alternatives to carrying cash and using traditional money transfers. ACSH is a full-service company providing data processing, customer service, distributor and sales support, card production, marketing and sales stored value debit card products and programs. The company's flagship product, the Ultima Card(TM) Twin-Access Debit Card Pack(TM), is one of the most comprehensive and complete product and program in the market for participating distributors, resellers and merchants, as well as the cardholders, bar none. A payroll product is in the final stages of approval.

Market

The market is enormous and growing and underserved. Immigrant groups in the United States represent more than 50 million individuals who spent more than $880 billion in 2000, primarily in "cash" as most do not have access to basic checking and banking services (U.S. Census Bureau). The Bureau of Labor and Statistics found that more than 14 percent of U.S. jobs are held by foreign-born workers. The initial product and program focuses on the Hispanic segment because it is the largest and fastest growing ethnic group in the United States. There are 40 million Hispanics in the United States that annually spend more than $500 billion domestically, $50 billion in money transfers to Central and South America. The market continues to grow exponentially, with at least 1 million new Hispanics entering the United States each year. In addition, it is estimated that 14 million Hispanics are undocumented (New York Times), making the majority of this group unbankable.

Product and Operations

The company has developed one of the most comprehensive and competitive stored value debit packages in the market today. Utilizing the MasterCard(R), Cirrus(R), Maestro (R) and STAR(R) networks, this two-card product provides a cost-effective, convenient, and safe method to share funds with loved ones worldwide. The company's retail is the only product in the market that offers three features in one card pack: A single STAR only card that can be loaded and used up to $995 per day without ID, a second Cirrus, Maestro and STAR that requires ID and can be used to share money with loved ones through withdrawals from more than a million ATMs worldwide, as well make purchases at millions of merchants worldwide that accept Maestro-marked cards. Single debit card products do not offer the Ultima Card shared funds feature. Because the cards share the balance loaded on the cards, there is no "card-to-card fee" to transfer funds between cards either.

Lastly, cardholders can also receive up to two Ultima Card Debit MasterCard cards with two valid IDs at no additional charge. This product fully complies with all federal laws and regulations, including the Patriot Act.

The company's card packs are one of the few that can be loaded using the merchant's existing credit card terminals and bank accounts that process debit cards by using an industry-approved, standard-return merchandise credit. In addition, the ACS product can be loaded using the www.payallbillshere.com service. This adds thousands of merchants that don't have credit card terminals that now can load the ACS cards and shortly at more than 10,000 commercial banks nationwide.

The company's Orlando operations center supports sales, marketing, card pack production, data processing, customer service, the company's customer and distributor Web site, and distribution channel disbursements. The back-end customer service support, Internet, Web site, distributor, reseller and merchant fee disbursement, internal accounting and control processing is performed by ACSH at its Orlando data processing center.

We anticipate a year of exciting growth, and appreciate our shareholder support. I can assure you that the management of ACS will continue to strive for excellence in our products and to bring about a successful company on behalf of its shareholders. For more information about ACS, visit www.ultima-cards.com or call 866-703-7556.

I had a dream last night that Walmart was acquiring them.....I was suddenly rich.

I just skimmed the bounce plays thread looking for the ACSH thread part that will posted was there. It looks like a good thread. I must read it again, see if it will improve my trading style. I am down 60% over the past 6 weeks.

quote:

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Originally posted by wilthethrill:
I'm looking for .0038 to .004 as my exit points. Not greedy, just trying to recover my losses from last year (more than I care to admit). Because of you and Ric I have found a more efficient way to make $$$$ playing the bottom plays. Trying to keep away from snagging the "big catch" all the time and just playing multiple stocks that are looking to bounce. Making more than I am losing, so I guess you can say it is working.....so far. LOL. If the big catch comes it comes, I will just look at it as a bonus. Keep up the great work.

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Do yourself a favor. Send an email to ACSH and tell them they are being traded on the BE (ACSH.BE). See if you can find that dateline article, or one that points out how nortorious the Berlin Exchange is for maked shorting. Just attach the link, good luck.

quote:

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Originally posted by wilthethrill:
Just sent email to the press person, investor relations person and the ceo himself. I couldn't find an email address for him but I just used his name @ the other two email addresses, hopefully it works. I'll let all you guys know what happens. Oh, GOOD MORNING by the way! LOL

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Company News and Press Releases From Other Sources:

ACS Holdings Announces a Change of Auditors

ORLANDO,Fla., Jul 8, 2004 (BUSINESS WIRE) -- Walter H. Roder, the president & CEO of ACS Holdings Inc. (OTCBB: ACSH), announced today that the company has appointed new auditors for the company, Samuel Klein & Co. of Newark, N.J., effective July 1, 2004, replacing Beckstead and Watts of Las Vegas.
Roder stated that the appointment did not reflect any criticism of Beckstead and Watts, but instead he noted that their work had been accomplished in the most satisfactory manner. He stated, however, that in view of the recent merger with MaxxZone.com Inc., the company decided that it would be better served by professionals, including independent auditors, who are located on the East Coast closer to its operations in Orlando, Fla.

Roder also reported that both parties had recently satisfied all of the material conditions required in order to finalize the company's merger with MaxxZone.com Inc.

About American Card Services

ACS Holdings Inc. operates in the stored value card arena. The Ultima Card(TM) Twin-Access Debit Card Pack(TM) is the ACS flagship product. For more information about ACS, visit www.ultima-cards.com or call 866-703-7556. The ACS Holdings Inc. trading symbol is ACSH.

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 ASC Holdings 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.

SOURCE: ACS Holdings Inc.

CONTACT: ACS Holdings Inc.
Robert Warner, 407-226-1022

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Copyright (C) 2004 Business Wire. All rights reserved.

-0-

KEYWORD: NEW JERSEY NEVADA FLORIDA
INDUSTRY KEYWORD: BANKING

quote:

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Originally posted by will:
I just got off the phone with Robert Warner CEO of ACSH. I spoke briefly with him regarding the delisting from the BE. He is meeting with a company tomorrow morning that has recently been delisted and will seek their advise on how to proceed.

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quote:

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Originally posted by kcbudman:
Thank you Will, good job. Lets hope he does it. There is no reason for us to have hit .0019 today.

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quote:

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Originally posted by wilthethrill:
Great job Will. Did you ask why he didn't get back to me on my email. LOL...just kidding. I think this stock is even better than I even anticipated.

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quote:

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Originally posted by wilthethrill:
Ooops I meant you got mail Will

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Ask:
2@.0028 (nite)
4@.003
1@.0035
1@.004

Still have GNLN on the ask @.0024
Nite moved up to .0028.
Next MM is 1@.0035, 1 @.0039

Press Release Source: American Card Services Inc.

American Card Services Announces New Distributor with 5,000 Retail Customers
Wednesday July 14, 10:15 am ET

ORLANDO, Fla.--(BUSINESS WIRE)--July 14, 2004--American Card Services (OTC BB: ACSH - News) announced today that it has entered into an agreement with Empire Distributors Inc. for distribution of ACS' proprietary stored value Ultima Card(TM). Empire Distributors, with a customer base of approximately 7,500 locations, is one of the largest wholesale distributors of wine, spirits, beer and bar beverages in the southeastern United States. The distribution program will center on Empire Distributors' 5,000 convenience and package store customers.
"Empire has been in business since 1940 and brings to ACS long-standing relationships with retail merchants ideally situated to sell and load the Ultima Card(TM) Twin Access Debit Card Pack(TM), the ACS flagship product," said Walter H. Roder II, president & CEO of ACS.

"With 5,000 targeted locations," continued Roder, "it's not difficult to see the potential value of this relationship. If each location distributed 30 card packs per month, and each user averaged $15 in monthly fees to ACS (substantially below what the company anticipates in average monthly fees), then ACS would eventually generate in excess of $2,250,000 monthly in recurring fee income."

The Ultima Card(TM) is one of the most comprehensive and competitive stored value debit packages in the market today. Utilizing the Cirrus, STAR, and Maestro monetary networks, this two-card product provides a very cost-effective, convenient, and safe money transfer product for family and friends to share funds worldwide.

"For the retail merchants in the Empire Distributors family, the ACS product is one of the few that utilizes a standard credit card terminal for activation and money loading, thus requiring no new terminal or bank accounts," concluded Roder.

About American Card Services

American Card Services Inc. operates in the stored value card arena. The Ultima Card(TM) Twin Access Debit Card pack(TM) is the ACS flagship product. For more information about ACS, visit www.ultima-cards.com or call 866-703-7556. The ACS Holdings Inc. trading symbol is ACSH.

07/27/2004 10:00

American Card Services (OTC BB: ACSH) announced today that it has entered into several major new distributor partnerships that are projected to significantly increase the number of retail merchants selling and loading its stored value debit card product. The company has also been in discussions with several large chain stores, which it expects to announce closing in the near future.
"The company projects each retail merchant to be worth approximately $5,000 in net income per year, after fee sharing with distributors, resellers and retail merchants. It is not hard to see how valuable adding new retail merchants are to the company's revenues and net income," stated Walter H. Roder, CEO & president of ACS Holdings Inc.

Financial Overview

The company is currently generating revenues and has produced 150,000 stored value debit card packs. The company engages in a profitable business model, retaining an estimated 35 percent of the sale price of card packs and 55 percent of the fee income as its gross margin from recurring fees (after variable expenses). Management believes that with as few as 26,000 average active card packs in the second half of 2004, the company would likely earn nearly $500,000 in pretax income for the year. Management further believes it is reasonable to expect $1.6 million in pretax income in 2005 (with 107,000 average active card packs) and up to $4.8 million in pretax income in 2006 (with 225,000 average active card packs).

About American Card Services

American Card Services Inc. operates in the stored value card arena. The Ultima Card(TM) Twin Access Debit Card Pack(TM) is the ACS flagship product, which is sold at retail merchants and comes with two ATM/POS debit cards using the STAR(R), Cirrus(R) and Maestro(R) network marks. Cardholders can also receive two Ultima Card(TM) Debit MasterCard(R) cards at no additional charge with valid ID. For more information about ACS, visit www.ultima-cards.com or call 866-703-7556. The ACS Holdings Inc. trading symbol is ACSH.