SOURCE: SVC Financial Services

March 01, 2005 07:00 ET

Progress Foundation Non-Profit Organization Chooses SVC Financial Services to Accelerate Donations

SAN FRANCISCO, CA -- (MARKET WIRE) -- March 1, 2005 -- SVC Financial Services, Inc. (OTC: SVCX), a provider of media and mobile transaction solutions, today announced that the Progress Foundation of San Francisco has selected SVC's Mazarin Media Platform to help elevate public awareness and fundraising to support Progress Foundation's work with the mentally disabled.

For 30 years, everyone at Progress Foundation has been dedicated to developing a whole range of community services as an alternative to hospitalization and incarceration in the mental health system. Progress has had tremendous success in acquiring facilities for clients to rebuild their lives and not return to the mental health system. In most cases this results in a savings to the state and taxpayers of 70% or more over traditional mental health treatment. And, clients do not return to the mental health system as with hospital programs.

"Using SVC's Mazarin Media Platform, we can reach a wider audience; The Mazarin platform allows us to present our story in a very compelling way, a way that we hope will inspire contributors, accelerating contributions," said Steven Fields, Executive Director for Progress Foundation. "We receive state funding, but programs receive less and less funding each year. We're looking to SVC and their media solutions to help us continue to fund and grow our programs. This should prove to be a big boost for our operation."

"Progress Foundation does some incredible work in Northern California," said Bob Peak, SVC Vice President of Sales and Business Development. "Progress has been in business for 30 years and done a remarkable job. But, like many non-profit organizations, they suffer from decreasing state funding and a lack of awareness among many people who would contribute to their foundation if they knew about them. We offer Progress a way to deliver dynamic and compelling information to the general population and accelerate donations. Plus, this is a very worthy cause that we are proud to be supporting."

For more information on Partner Services email SVC at bizdev@svcfinancial.com.

About Progress Foundation

Progress Foundation is a non-profit agency dedicated to providing alternative community treatment options to seriously mentally disabled individuals since 1969. Progress Foundation has been a pioneer in developing alternatives to institutional care for public mental health systems, both urban and rural. Located in San Francisco, California, the agency has provided a variety of residential treatment and supported housing. All services are designed to promote rehabilitation and to encourage the highest possible level of self-sufficiency for individuals who are considered severely disabled due to mental illness and co-occurring substance abuse. More information can be obtained at www.progressfoundation.org/.

About SVC Financial Services

SVC Financial Services (OTC: SVCX) is a provider of an integrated suite of secure electronic payment, web application development, digital rights management and multimedia authoring solutions with a focus on the online retailing and entertainment industries as well as the companies that serve them. SVC provides a highly secure and reputable private-label service for retailers and financial services. The combination of Digital Rights Management with SVC Payment Services in the company's Mazarin Media Platform serves a broad range of merchant and consumer needs such as a profitable and easy-to-use micropayment system, credit card payment processing, and digital asset bundling and promotion. More information about the Company may be obtained at www.svcfinancial.com.

Safe Harbor Statement

Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.

Contact Information

  • Contact:
    Chris Haigh
    CEO
    SVC Financial Services, Inc.
    866/370-9600
    www.svcfinancial.com

    or

    Nagle & Ferri, LLC
    Bob Ferri or Frank Nagle
    415/575-1999