SOURCE: Global Pay Solutions

May 24, 2007 09:00 ET

GPSI TRIO™ Cards to Leverage VIA ONE's International Merchant Network of 15,000 Retail Locations

SAN DIEGO, CA -- (MARKET WIRE) -- May 24, 2007 -- Global Pay Solutions, Incorporated (PINKSHEETS: GPSI)

Global Pay Solutions, Incorporated and VIA ONE Corporation have entered into an agreement to enable GPSI's TRIO™ Cardholders to place international long-distance calls and to make electronic bill payments, including "topping off" or loading prepaid cell phones. VIA ONE will also enable TRIO™ customers to manage their TRIO™ card accounts and features through customized mobile applications. These enhanced services will provide additional revenue streams to the Card's already robust profit structure and enhances TRIO's distributor revenue sharing potential.

VIA ONE will provide GPSI Point of Sale transaction-processing services as GPSI expands its services internationally. GPSI will leverage VIA ONE's international merchant network of 15,000 retail locations for distribution and funds loading for its TRIO card. "Global Pay Solutions, Inc. has done a great job in leveraging governmental channels to build card distribution opportunities worldwide. VIA ONE is excited about enhancing the capabilities of the TRIO card, extending our point of sale processing capabilities and working together with GPSI to build new international markets," said Asheem Aggarwal, CEO of VIA ONE Corporation.

"The addition of the VIA ONE product offerings to the TRIO™ Card's capabilities makes the TRIO™ card one of the most comprehensive financial tools available," stated David Kowal, President of Global Pay Solutions, Incorporated. "VIA ONE's proprietary e-merchant services platform provides the continuity and level of excellence that GPSI has mandated for the TRIO™ card. VIA ONE's distribution and loading network will play a key roll in getting TRIO™ cards in the hands of our customers."

ABOUT VIA ONE CORPORATION

VIA ONE Corporation operates a proprietary e-merchant services platform that offers a complete solution for electronic distribution of prepaid airtime, equipment sales, service activations and bill payments.

Additionally, VIA ONE has developed a proprietary mobile data and communications platform which will allow consumers to access a suite of advanced service offerings for mobile communications and commerce, including international calling, global roaming, push-to-talk, mobile ticketing, mobile messaging, content delivery and more. Visit: http://www.viaone.com

ABOUT GLOBAL PAY SOLUTIONS INCORPORATED

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: www.globalpaysolutionsinc.com

For further information on this release on Global Pay Solutions, Inc., contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, and #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 as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf 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 our public filings filed with the Commission and our press releases.

Contact Information

  • Contact:
    Rich Kaiser
    Investor Relations
    YES INTERNATIONAL
    800-631-8127