SOURCE: SVC Financial Services

August 30, 2005 07:00 ET

Scoot Mobile Money™ From SVC Financial Services Announces New Mobile Platforms at Intele-CardExpo Las Vegas

SAN FRANCISCO, CA -- (MARKET WIRE) -- August 30, 2005 -- SVC Financial Services, Inc. (OTC: SVCX), a leading innovator of media and mobile transaction solutions, today announced the extension of Scoot Mobile Money to additional selected mobile devices. Scoot Mobile Money allows anyone with a cell phone to store, send, receive and transact funds anywhere in the world. Scoot mobile money is a low-cost, global approach to supporting the large and growing markets for funds transfer, un-banked money management, and secure payment remittances and reimbursements.

"Scoot is an innovative, major product for the rapidly growing, global funds transfer markets," said Chris Haigh, President and CEO for SVC. "We have spent the last year building and testing this unique new product. We introduced the concept at Intele-CardExpo in Miami in March of 2005 to a tremendously positive response. Since then we have been busy, solidifying major distribution partnerships, testing and refining the product for global markets, we have a pilot program starting in Israel before the end of the year, and we have added certification for the majority of the handsets in the market. At Intele-CardExpo in Vegas, we'll be demonstrating Scoot Mobile Money along with our distribution partner, MeritCard Financial. We're proud to be taking a leadership role in this exciting new product arena and look forward to extending our distribution to every major global market."

"We're inviting the press and interested distribution partners to our booth #431 at the Las Vegas show," said Chris Sorensen, Chief Operating Officer for SVC. "We're prepared for first customer shipments in September, 2005 for version 1.0 of Scoot which allows send/receive of payments and remittances via cell phone. We'll also be providing a sneak peek of version Scoot 2.0 with such options as bill payment, special offers, and more. This is an exciting product for SVC and our partners and we look forward to presenting it in Las Vegas."

SVC will also be giving a presentation titled, Mobile Commerce: Using the Cell Phone as a Payment Device during the Intele-Card show.

For those visiting the Intele-CardExpo it is in Las Vegas, Nevada, September 13-15, 2005, at the Mandalay Bay Convention Center. Visit SVC Financial at Booth #431.

More information about Intele-CardExpo is available at www.intelecardexpo.com.

About Scoot Mobile Money

SVC's revolutionary Scoot Mobile Money Card allows anyone with a cell phone to store, send, receive and transact funds anywhere in the world. Scoot mobile money is a low-cost, global approach to supporting the large and growing markets for funds transfer, un-banked money management, and secure payment remittances and reimbursements. Scoot uses text messaging that enables any cell phone to be used for funds transfers. Scoot enabled phones are integrated with an ATM money card backed by highly secure SVC Transaction Gateway©. The Scoot Mobile Money ATM money card is accepted at 1 million ATMs worldwide and over 5.5 million merchants. SVC has partnerships around the world for load stations. Get more information at www.getscoot.com.

About SVC Financial Services

SVC Financial Services, Inc. (OTC: SVCX) is a leading global innovator of media and mobile transaction solutions that are easy to use, highly secure, and extremely cost effective.

SVC has pioneered the Mazarin Media Platform™ that provides rapid media-based application delivery for any user or organization. Mazarin solutions focus on corporate and consumer marketing, music and entertainment, non-profit and political fundraising. SVC's revolutionary Scoot Mobile Money™ Card allows anyone with a cell phone to store, send and receive funds anywhere in the world. Scoot Mobile Money is a low-cost, global approach to supporting the large and fast-growing markets for funds transfer, un-banked money management, and secure payment remittances and reimbursements. SVC Transaction Gateway© includes a profitable micro-payment system, credit card processing, and digital asset management, and Fraud Barricade™.

More information about the Company may be obtained at www.svcfinancial.com and www.getscoot.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