SOURCE: Relay Capital Corp.

July 12, 2005 06:00 ET

E. Reese Bogle III, Experienced Stored-Value Card and Financial Services Industry Executive, Named CEO of Relay Capital Corp.

LOS ANGELES, CA -- (MARKET WIRE) -- July 12, 2005 -- E. Reese Bogle III, experienced financial services and stored-value card industry executive, has been named CEO of Relay Capital Corp (OTC: RLYC) (www.relaycorp.com). Most recently he was one of the Founders, and served as Executive Vice President and Chief Operating Officer of interState Net Bank (www.isnbank.com), establishing it as a VISA Principal member.

Prior to this, Mr. Bogle, was VP of E*Trade Bank's Corporate Development and Strategic Alliances Group and President of TeleBanc Insurance Services, Inc. He also served as VP and Marketing Director of Premium Bank, and held a variety of managerial and marketing positions at leading financial services companies.

"The next step is to bring a well-qualified management team to Relay Capital," said Mr. Bogle. "Once the team is onboard, we intend to build Relay Capital into a diversified financial services provider that, in addition to looking for exponential growth of recurring revenue generated from individual stored card usage, as well as other Financial Service activities occurring at our card loading centers or its Virtual Financial Centers, we potentially plan to provide: commercial loans, auto loans, SBA loans, mortgages, certificates of deposit (CDs), health benefits (dental, vision), life insurance benefits, pharmacy drug discounts, loyalty and reward programs, and shopping discount programs."

About Relay Capital Corporation:

Relay Capital Corporation (OTC: RLYC) is a developer and marketer of a wide range of prepaid financial services, including pre-paid stored-value cards, reward cards, employee payroll cards, gift, retail and affinity group cards, travel cards and fund transfer cards. It encompasses both the marketing and distribution of pre-paid and pay-transfer cards in concert with the development of loading centers. Loading centers are retail locations, such as convenience stores, check cashing facilities or other types of retail facilities, serving to dispense or receive cash facilitating transactions for the stored-value card consumer.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements include without limitation, statements regarding the timing of an award, if any. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Contact Information

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    Relay Capital Corporation
    Mike Sullivan
    323-822-1750
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