SOURCE: SVC Financial Services

May 03, 2005 07:00 ET

SVC Financial Services Signs RIPTOPIA

Digital Music Technology Client to Utilize SVC's Mazarin Media Platform(C)

SAN FRANCISCO, CA -- (MARKET WIRE) -- May 3, 2005 -- SVC Financial Services, Inc. (OTC: SVCX), a leading innovator of media and mobile transaction solutions, today announces that RIPTOPIA, an information technology company providing Digital Music Lifestyle Solutions, has selected SVC's Mazarin Media Platform© as its online marketing and transaction processing solution. Terms of the contract were disclosed.

"RIPTOPIA is exactly the right kind of company to use SVC's Mazarin Media Platform," said Rob Preston, SVC's Vice president of Business Development. "The viral nature of the SVC solution means that RIPTOPIA will be put in front of a huge new potential customer base. SVC's secure, scalable, unique media management solution provides consumers what they want -- an exciting, informative, one-stop shopping experience with highly secure, low-cost transaction services," said Preston. "Mazarin allows users on any platform (PC-Mac-Linux) to view all subject matter information in a single window. No more fumbling through Web sites and leaving frustrated. We're pleased RIPTOPIA recognizes the benefits of Mazarin's 'push' technology that will allow RIPTOPIA more effective market communications and will extend their market reach with greater impact."

"Much like the transition from vinyl records to CDs, there's a growing demand for CD content to be converted to digital music for use on iPods, media centers, and music servers. This conversion is done through a process known as 'ripping.' However, ripping is tedious, time consuming, and it requires special technical knowledge and equipment," said Kurt Beyer of RIPTOPIA. "SVC's Mazarin platform will help educate a wide customer base about RIPTOPIA's unique service, which will help them transition to the digital music age. We're extremely excited to be able to extend our technological capabilities using SVC's unique platform," said Kurt Beyer of RIPTOPIA.

For more information on Partner Services email SVC at bizdev@svcfinancial.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. SVC is a publicly traded company (OTC: SVCX).

About RIPTOPIA

Launched in 2004, RIPTOPIA was conceived by a talented team of information technology professionals whose deep love of music inspired a new way to usher in the digital music age. With the philosophy of freedom at its core, RIPTOPIA is the premiere source for transitioning CD collections into organized MP3 libraries. For more information on the RIPTOPIA digital revolution, log on to http://www.RIPTOPIA.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
    http://www.svcfinancial.com

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