SOURCE: Trustcash

February 01, 2010 16:00 ET

Trustcash Enters Negotiations to Acquire up to 25% of Alligato, Inc.

ATLANTA, GA--(Marketwire - February 1, 2010) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today confirmed that it is in discussions with Alligato, Inc. for the purchase of an interest in Alligato of up to the 25%. This is in addition to Trustcash's current agreement to provide an alternative payment solution for Alligato's mobile long distance services.

Alligato markets its service under the www.CellLongDistance.com brand.

Alligato™ delivers the most sophisticated, comprehensive voice 2.0 platform available. The technology infrastructure provides the first truly open access to carrier-grade telecom functionality with hardware, software and network capacity to lower the cost of cell phone long distance from the wireless network to the Public Switched Telephone Network (PSTN) as an on-demand, fully hosted and managed service in a CaaS (Communications as a Service) model.

The Alligato service enables large member based organizations, existing service providers, application providers and web communities to provide cell phone long distance for their customers and members with greater quality and at significantly lower costs (up to 90% savings).

Alligato currently offers its customers a postpaid billing model via credit card. Alligato management is excited to integrate TrustCash as an alternative, secure, private and reliable payment system which can be instrumental in the expanding distribution of their cell long distance service.

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ABOUT TRUSTCASH

The Trustcash™ platform delivers a sophisticated, comprehensive online payment processing system.

The Trustcash technology infrastructure provides merchants with open access, PCI compliant payment processing. Trustcash™ is an E-Commerce expert providing online businesses with payment solutions needed to be successful.

Cautionary Statement Regarding Forward-Looking Statements

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological changes and uncertainties related to the development of Trustcash's business model. The actual results Trustcash may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

Contact Information

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    Trustcash Holdings, Inc.
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    1-800-975-5196