SOURCE: Global Pay Solutions, Inc.

April 17, 2007 12:35 ET

Global Pay Solutions Acquires Distributed Power, Inc.

SAN DIEGO, CA -- (MARKET WIRE) -- April 17, 2007 -- Global Pay Solutions, Inc. announced today that it has completed its acquisition of Distributed Power, Inc. (PINKSHEETS: DPWI). The new company will be called Global Pay Solutions, Inc. and the companies core business will be in the Stored Value products vertical. The New Company will promote and sell its proprietary Stored Value product line in the United States, South America, Asia and the Pacific Rim.

Global Pay Solutions has completed its name change with the State of Delaware and has filed for a new stock symbol and CUSIP number.

Global Pay Solutions Inc. will maintain its headquarters in San Diego, Ca. Field offices will also be added in Houston, Texas and Atlanta, Georgia.

"This has all been a long time in coming to fruition," stated Randy Hines, Chairman and Chief Executive Officer, "however, the waiting period has allowed us to sharpen our marketing programs and refine our client lists in anticipation of the TRIO™ Card introduction and Launch. The company's sole focus will be on the Stored Value product line and delivery of these products to our customers."


Global Pay Solutions is an independent sales organization composed of Stored Value Industry insiders and market specialist dedicated to the production of a superior, monolithic brand of Stored Value products and associated ancillary goods and services. Visit:

For further information on this release on Global Pay Solutions, Inc., contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, and #800-631-8127.

Safe Harbor

Except for historical information, all other information provided in this news release consists of "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1935. These "forward-looking statements" are subject to risks and uncertainties, which could cause actual results to differ materially from those projected, anticipated or implied.

Contact Information

  • Contact:
    Rich Kaiser
    Investor Relations