SOURCE: Trustcash

September 30, 2009 10:00 ET

TrustCash Finishes Development of TrustCash Transfer Service Component to Pursue Share of the $300 Billion Global Remittances Market

ATLANTA, GA--(Marketwire - September 30, 2009) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today announces it has finished development of its TrustCash transfer service. Simply put, this transfer service will allow the transfer of TrustCash tokens between TrustCash users. The ability of TrustCash members to load and unload their TrustCash account via credit card, ACH and direct debit provides the Company with a completely new market opportunity.

The Remittance Market, also known as money transfers are noncredit payments, which are often sent to a distant place, is one of these markets.

A Washington Post Article in 2007 stated, "Migrants around the globe sent more than $300 billion to their home countries last year, a 'staggering' sum that surpassed foreign development aid and foreign direct investment."

The article also mentions that the sum of global remittances grows about 10 percent each year.

http://www.washingtonpost.com/wp-dyn/content/article/2007/10/17/AR2007101702163.html

The Company looks forward to commencing the marketing of this new service to grow its revenue and continue adding value for its shareholders.

About TrustCash

Through its TrustCash brand and website (www.trustcash.com), TrustCash is a pioneer of anonymous payment systems for the internet. TrustCash developed a business based on the sale of a virtual stored value card that can be used by consumers to make secure and anonymous purchases on the internet. The company markets its TrustCash™ payment card, which is sold in denominations ranging from $10 to $200 online.

Cautionary Statement Regarding Forward-Looking Statements

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological changes and uncertainties related to the development of TrustCash's business model. The actual results TrustCash may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

Contact Information

  • Contact:
    TrustCash Holdings, Inc.
    Shareholder Communications
    Email Contact
    1-800-975-5196