SOURCE: Trustcash

September 21, 2009 08:30 ET

Trustcash Provides Shareholder Update

ATLANTA, GA--(Marketwire - September 21, 2009) - Trustcash Holdings Inc. (the "Company" or "Trustcash") (PINKSHEETS: TCHH) confirms that the Company has received a Cease Trade Order for trading of TCHH in British Columbia ("CTO") from the British Columbia Securities Commission a highly regarded Canadian securities regulator.

The CTO was issued for failing to meet British Columbia disclosure requirements under BC Instrument 51-509. A copy of the CTO is available at http://www.pinksheets.com/pink/quote/quote.jsp?symbol=tchh#getResearchReports.

Regardless of the fact that the Company's Chief Technical Officer, Servers, Sales Staff, Customer Service, Legal Counsel and Accountants operate and are located in the USA; the Company is subject to BC Instrument 51-509 as a result of the fact that its President is a resident of British Columbia, Canada.

Pink Sheets has confirmed the Caveat Emptor warning was issued specifically as a result of the CTO and no other reason.

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