LODI, Calif., Jan. 19, 2006 (PRIMEZONE) -- PayStar Corporation (Pink Sheets:PYST), a Holding company, today announced changes in corporate governance. Mr. William D. Yotty has resigned from all corporate positions at PayStar and its subsidiaries. Mr. Ronald Howard of Phoenix, Arizona has been appointed the new President of PayStar Corporation. Mr. Yotty's resignation was predicated upon pursuing other personal interests.
Mr. Howard had a successful 28 year career in the U.S. Air Force, where he managed mission critical communications-electronics assets. After leaving the USAF, Mr. Howard became a company officer in several private and public companies in the telecom-technologies arena. Mr. Howard brings with him a notable resume of success in private and public company senior management positions.
William Yotty stated, "This appointment of Ron Howard will facilitate PayStar's attracting additional assets into the Holding company. Ron brings an extensive knowledge and management experience in both Financial Services and Internet related technologies."
About PayStar
PayStar Corporation (www.paystar.com) is rapidly becoming a diverse Investment Holding company in the self-serve Industries of financial self-service products and kiosk technologies. Recent divestitures have given PayStar significant stock assets in Kiosk and prepaid ATM debit card (stored-value) companies. PayStar will continue to entertain divesting existing company division assets, while seeking out strategic Investments in the unbanked and self-serve related private and public companies.
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.