SOURCE: Global Pay Solutions

May 14, 2007 09:15 ET

Global Pay Solutions Expands to Latin America

SAN DIEGO, CA -- (MARKET WIRE) -- May 14, 2007 -- Global Pay Solutions Incorporated (PINKSHEETS: GPSI) has taken the first steps in its Latin American expansion. GPSI has begun setting up operations in Santa Domingo, Dominican Republic. The subsidiary will be incorporated as GPSI-Dominicana. "Our primary target market(s) are Latin America and The Caribbean" stated David Kowal, President of GPSI. "Our payroll programs provide significant cost savings to both Civil Service and Commercial organizations within these areas, as well as bringing a significant number of unbanked people into the financial system." Kowal went on to state that "By incorporating and managing a presence in these markets, we are able to maintain much higher operations and cost containment standards as well as a much closer monitoring of Banking Compliance issues."

GPSI manages and sells stored-value card driven payroll programs -- primarily to Federal, State and Municipal governments as well as commercial entities. A primary driver in GPSI's business model is to work in areas of large concentrations of unbanked workers, providing them a fundamental financial tool that will save time and significant expenses associated with such predatory practices of check cashing, funds transfer and bill paying.

ABOUT GLOBAL PAY SOLUTIONS INCORPORATED

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

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

This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors which could cause actual results to differ materially from those discussed in the forward looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation, the uncertainty of the Company's ability to meet capital needs and as further set forth in any public filings filed with the Commission and press releases.

Contact Information

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