SOURCE: Financial Access Solutions Technology

October 27, 2005 11:45 ET

Financial Access Solutions Technology Nominates Jean-Francois Amyot to the Board of Directors

MONTREAL -- (MARKET WIRE) -- October 27, 2005 -- Financial Access Solutions Technology (OTC: FLST) a technology provider, specializing in point-of-sale, card products and transactional software solutions for North American merchants announced that Jean-Francois Amyot was nominated to the board of directors and appointed Chief Financial Officer.

Further to the nomination, Mr. Peter Preston resigned from the board of directors and will retire. "We would like to thank Mr. Preston for his service with our company, his contribution will be missed," said Tony Papa, Chairman of the company.

About Financial Access Solutions Technology Inc.

Financial Access Solutions Technology Inc. (OTC: FLST), a technology provider, specializing in point-of-sale, cash and treasury, card products, and transactional software solutions for North American merchants. The company operates a wholly owned subsidiary named DM2 Technology, and markets the latest in point-of-sale (POS) terminals and software allowing merchants to efficiently process Debit and Credit card transactions. The company also markets prepaid debit and credit cards through its North American Merchant Client Network.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact Information

  • Contact:
    Financial Access Solutions Technology Inc.
    Jean-Francois Amyot
    CFO
    514-448-6710
    www.dm2debit.com