SOURCE: SVC Financial Services

May 18, 2005 07:00 ET

SVC Financial Announces Approval for Common Stock Listing on OTC Bulletin Board

SAN FRANCISCO, CA -- (MARKET WIRE) -- May 18, 2005 -- SVC Financial Services, Inc. (OTC BB: SVCX), a leading provider of electronic payment processing and stored value products and services, today announced that its common shares have been accepted for quotation on the NASD Over the Counter Bulletin Board (OTCBB) under the symbol SVCX.

"Listing on the OTC Bulletin Board enables SVC Financial to reach a wider range of potential investors," said Christopher Haigh, SVC President and CEO. "This listing is a significant move to improve liquidity in our common stock and enhance shareholder value. It is also a tremendous step forward in the growth of our company."

The OTC Bulletin Board is a regulated quotation service that displays real-time quotes, last-sale prices and volume information in over-the-counter equity securities. OTCBB securities include national, regional, and foreign equity issues, warrants, units, ADRs, and Direct Participation Programs (DPPs). Information regarding the OTC Bulletin Board can be found on its website at www.otcbb.com.

About SVC Financial Services

SVC Financial Services, Inc. (SVC) is a leading innovator of media and mobile transaction solutions. SVC delivers global transaction solutions that are easy to use, highly secure, and extremely cost effective. SVC delivers the revolutionary Scoot™ Mobile ATM Money Card, allowing 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, unbanked money management, and secure payment remittances and reimbursements. SVC has pioneered the Mazarin™ Media Platform that provides rapid media-based application delivery for any user or organization. Mazarin solutions focus on non-profit organizations, political fund raising, music and entertainment, corporate and consumer marketing. SVC Payment Services© include a profitable micro payment system, debit card processing, and digital asset management. More information about the Company may be obtained at www.svcfinancial.com and www.getscoot.com. SVC is a publicly traded company (OTC BB: SVCX).

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

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