SOURCE: Trustcash

August 04, 2009 07:00 ET

CellLongDistance Cofounder Joins Trustcash Team

Development of Mobile Payment Market Product to Begin

ATLANTA, GA--(Marketwire - August 4, 2009) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today confirmed that Mr. Ajay Hans, an experienced technology executive and consultant, shall lead the product and business development efforts for the integration of the current Trustcash technology into the mobile payment market.

AJAY HANS

Mr. Hans is a seasoned telecommunications and technology executive with demonstrated expertise in connecting market opportunities to technology innovation and in turn, leading to monetization. He has held senior executive positions with leading telecom software technology companies where he successfully implemented solutions for companies such as Sprint and AT&T. He is also the co-founder of www.CellLongDistance.com, a leading voice 2.0 telecom technology platform which drastically reduces the high cost of traditional wireless long distance. Ajay has technical and business expertise across a broad set of telecommunications, billing and payment systems and social media network technologies. He has a Bachelor's of Business degree from the BC Institute of Technology and has completed an Executive Management Program at Simon Fraser University as well as the Executive Managerial Success Program from Harvard Business School.

Mr. Hans will deliver a high level agenda and overall business case to enhance the existing TrustCash vision to provide a new industry standard for PC and mobile payments, bringing ease, accessibility and security to the market. The system shall be a cross-carrier mobile payment system. This is necessary to increase the range of merchants willing to make goods and services available over mobile devices and augment the core strengths of the existing TrustCash platform. The end goal of the analysis and subsequent Trustcash solution is to remove all complexity from the mobile world and make it as easy to harness web opportunities for merchants.

About Trustcash

Through its Trustcash brand and website (www.trustcash.com), Trustcash is a pioneer of anonymous payment systems for the internet. Trustcash developed a business based on the sale of a virtual stored value card that can be used by consumers to make secure and anonymous purchases on the internet. The company markets its Trustcash™ payment card, which is sold in denominations ranging from $10 to $200 online.

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