SOURCE: Relay Capital Corporation

March 30, 2005 06:00 ET

Relay Capital Corp. to Acquire 74 Percent of Aplus Informationstechnologie GmBH, Austrian Based Telecommunications Company

LOS ANGELES, CA -- (MARKET WIRE) -- March 30, 2005 -- Relay Capital Corporation (OTC: RLYC) ( has signed a binding letter of intent to acquire 74 percent of Aplus Informationstechnologie GmBH (, an Austrian based telecommunications company headquartered in Vienna, in a stock and cash transaction estimated at $4 million ($3 million Euros).

Aplus, which had 2004 sales of about $1.7 million (1.3 million Euros), up 26% from the prior year, and earnings of about $140,000 (80,000 Euros) up 176 percent from the prior year, is a rapidly growing Competitive Local Exchange Carrier "CLEC." It provides telephone, data and Internet services to businesses in Austria, a country with a well-developed market economy and telecommunications infrastructure.

Established as the first private telephone operator in Austria, Aplus has been a licensed carrier since 1999 with established relationships with TA, MCI and Montan AG, for global coverage. It now enjoys a major competitive advantage with business customers, because of its access to proprietary TDoip technology developed by Israeli RAD.

A significant and rapidly expanding portion of Aplus' business is prepaid fixed value phone cards. Relay Capital will have immediate access to Aplus' 150,000 growing user base and provide the technology to transform the fixed value cards into reloadable stored value cards that can be used for all manner of other purchases, in addition to making phone calls.

"We are delighted to be working with Aplus' extraordinary management team," said Eli Aran, Relay Capital's president, "and anticipate that our companies' combined efforts will give us the sustainable competitive advantage we seek to expand in Austria and throughout Europe."

About Relay Capital Corporation

Relay Capital Corporation (OTC: RLYC) ( is a developer and marketer of a wide range of prepaid financial services, including pre-paid stored value cards, reward cards, employee payroll cards, gift, retail and affinity group cards, travel cards and fund transfer cards. It encompasses both the marketing and distribution of pre-paid and pay-transfer cards in concert with the development of loading centers. Loading centers are retail locations, such as convenience stores, check cashing facilities or other types of retail facilities serving to dispense or receive cash facilitating transactions for the stored-value card consumer.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements include without limitation, statements regarding the timing of an award, if any. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

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