SOURCE: Relay Capital Corp.

July 19, 2005 06:00 ET

Relay Capital Corp. Retains COO David Lawson and CIO Ronald Alred for Its Management Team

LOS ANGELES, CA -- (MARKET WIRE) -- July 19, 2005 -- Relay Capital Corp (OTC: RLYC) (www.relaycorp.com), a provider of stored-value cards and financial services, has retained two experienced executives for its management team. Dave J. Lawson will be Relay Capital's acting Chief Operation Officer (COO) and Ronald W. Alred will be Relay Capital's acting Chief Information Officer (CIO).

E. Reese Bogel III, Relay Capital's CEO, commented: "Dave Lawson and Ron Alred bring an extraordinary range and depth of talent to Relay Capital. This will includes providing additional financial products and services to the un-banked market and expand our market to include small business services. These services will include higher end products for the business owner and their management and enable us to offer some niche products that will appeal to a wide market. With their help, we expect to also establish relationships with some excellent technology partners to provide some very attractive value-added services in the very near future."

Mr. Lawson, who will manage the day-to-day operations of Relay Capital, is the President and CEO of Technology Alliance Group (www.techalliancegroup.com). He has 25 years experience in developing and operating companies, establishing their policies and procedures, developing worldwide sales, and ensuring a positive customer experience. Previously, he was Executive Vice President and head of New Business Development for SCB Partners Group. He also was Senior Vice President for Worldwide Sales of Amperif Corporation and has been San Francisco Financial District Manager for UNISYS Corporation. Mr. Lawson has rapidly taken a private company from $3 million to $40 million in revenue and has been involved in successful hardware, software and services sales exceeding $500 million.

Mr. Alred, who will manage all aspects Relay Capital's information technology, as well as working with its customers and vendors, is the Chief Information Officer of Technology Alliance Group (www.techalliancegroup.com). He has 27 years experience in financial services, stored-value cards and information technology. Previously, Mr. Alred was General Manager of SCB Partners Group's Scottsdale Technology Center, Director of UNISYS Development and Support for the Sixth District Federal Reserve Bank, and a manager at ITI/McDonnel Douglas Banking/Timeshare Bank Systems. He is Chairman of the FBI's Infragard Cyber Terrorism Group for Arizona.

About Relay Capital Corporation:

Relay Capital Corporation (www.relaycorp.com) 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. Relay Capital Corporation 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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