LODI, Calif., Aug. 23, 2005 (PRIMEZONE) -- PayStar Corporation's (Pink Sheets:PYST) GLOBALCash Division, one of the nation's growing providers of stored value and prepaid ATM debit cards, announced today it is launching an initial Major Pro sports affinity program. The Affinity program will benefit specific retired football players and will make millions of sports fans aware of the many vital physical and financial needs of less fortunate but deserving retired players.
According to Mark Ehrlich, GLOBALCash Affinity marketing spokesperson "This is simply the first of several opportunities that we have been pursuing in the Major Pro sports arena." Mr. Ehrlich continued, "The opportunity to serve the less fortunate and deserving retired players by identifying their often unspoken and unknown needs is very rewarding. GLOBALCash's Co-branded Affinity ATM debit card revenue-sharing venture is expected to reach millions of devoted fans who have already begun to support the project. Several more advantaged retired players are the driving force behind the Sports Fund movement and have already raised several hundred thousand dollars for the project."
GLOBALCash expects to rapidly increase the participation in Sports Fund revenue-sharing Affinity programs within additional Major Pro Sport's venues. The fact that millions of admiring and loyal fans support the players of all types of Pro sporting venues is extremely encouraging and PayStar's GLOBALCash Affinity group expects thousands of committed fans to get involved through the prepaid ATM debit card support program. The program will reach out to millions of loyal fans by online internet websites and venue specific marketing.
About GLOBALCash, Inc.
GLOBALCash, Inc. (www.globalcash.us), a subsidiary of PayStar Corporation (Pink Sheets:PYST) (www.paystar.com), provides its distributors and clients with national bank load centers and a suite of prepaid stored value products. GLOBALCash is a partner in a prepaid ATM debit card program for a national government project that will enable millions of underserved and subsidized housing individual's access to prepaid ATM debit cards that can be used for payment of various goods and services everywhere ATM debit cards and major credit cards are accepted and online.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.