SOURCE: Trustcash Holdings Inc.

TrustCash Holdings Inc.

January 13, 2011 16:00 ET

TrustCash Provides Shareholder Update

ATLANTA, GA--(Marketwire - January 13, 2011) -  TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "COMPANY") (PINKSHEETS: TCHH) today comments on corporate developments.

BUSINESS OVERVIEW

TrustCash's business model, in the past, was focused on expanding through acquisitions. Amongst other things, economic and stock market conditions have not been conducive to affect such a strategy. The Company's ongoing focus is aimed at improving its balance sheet and income statements. To do so the Company has: a) implemented plans to develop its technology platform for increased revenue streams; b) restructured and or settled substantially all of the Company's debt obligations and; c) reduced expenses by, amongst other things, operating as a internet/virtual company.

Outsourcing customer and technical support results in a long term leased physical office not being required for staff and thus reduces overhead. Our servers are located in PCI compliant premises, and the Company leases physical office space as required from its CEO.

Fundamentally business growth is one plan for adding shareholder value. With that in mind, in 2010, we rebuilt and expanded our entire technology platform along with launching a new website.

Our services now extend beyond those offered by most Internet Payment Service Providers (IPSP's) to include amongst other things our proprietary TrustCash Deposit -- cash payment alternative to credit cards. Please see our demonstration at http://www.trustcash.com/products/trustcash-demo

The Company is expanding its market offerings to include Business to Business and Mobile Commerce solutions.

We are focused on marketing TrustCash Deposit and our Mobile Commerce solutions to E-Merchants and Billing Gateways. One particular market we are focusing on is the internet dating and social networking sites.

Additionally, the Company plans to add a Spanish version of its website and services, and we are registered to attend the Internet Dating Conference event in Miami from January 19-21, 2011.

The Company looks forward to sharing our upcoming progress.

ABOUT TRUSTCASH

The TrustCash™ platform delivers a sophisticated, comprehensive online and mobile payment processing system.

The TrustCash technology infrastructure provides merchants with open access, PCI compliant payment processing. TrustCash™ is an E-Commerce and Mobile Commerce expert providing online businesses with payment solutions needed to be successful.

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: Email Contact
    1-800-975-5196