SOURCE: Trycera Financial, Inc.

April 03, 2007 10:35 ET

Trycera Financial Reports March 2007 Key Financial Metrics

Financial Services Company Increases Gross Revenues 176% Month Over Month, Increases Stored Value Revenues 182% Month Over Month, Increases Stored Value Card Fee Revenues by 1,328% Quarter Over Quarter and Increases Monthly Gross Dollar Volume by 171% Month Over Month

IRVINE, CA -- (MARKET WIRE) -- April 3, 2007 -- Trycera Financial, Inc. (OTCBB: TRYF), a financial services company specializing in the delivery of prepaid card programs and products, today announced its key financial metrics for March 2007.

First, gross revenues for March 2007 increased 176% month over month from $283K in February 2007 to $781K, representing 1 QTR 2007 gross revenues exceeding gross revenues for all of 2006. Second, stored value revenues for March 2007 increased 182% month over month from $264K in February 2007 to $746K, also representing more 1 QTR 2007 stored value revenue than all of 2006. Third, 1 QTR 2007 stored value card fee revenues increased 1,328% quarter over quarter from $70K in 4 QTR 2006 to $1.0M, representing another historic milestone. Fourth, monthly gross dollar volume (GDV) for March 2007 increased 171% month over month from $3.2M in February 2007 to $8.7M, representing an annualized GDV run rate exceeding $104M.

"By working closely with our program and card marketers we are beginning to see a critical mass accumulate across the portfolio," said Bryan Kenyon, CFO of Trycera Financial. "We are also excited that we are able to deliver innovative financial services and complementary products that serve to bolster the value of our card-based solutions and improve our key metrics across the board. We continue to believe that it is critical to provide timely shareholder updates due to the fluid and dynamic nature of our underlying financials and the materiality which the changes continue to represent. As similar circumstances or developments warrant continued communications in the near term, the Company expects to continue providing additional updates so that all existing and prospective shareholders remain fully informed."

This shareholder update is not intended to imply or predict GAAP or non-GAAP EBITDA, Net Income or EPS, nor should the information be used to imply or predict the related impact of the Company's monthly cash flow from operations. Full financial information and related disclosures will be reported for 1 QTR 2007 in the Company's 10-QSB filing expected in mid-May 2007.

FORWARD-LOOKING STATEMENTS

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.

ABOUT TRYCERA FINANCIAL, INC.

Trycera Financial, Inc. is a financial services company specializing in the delivery of prepaid card programs, prepaid card program management and private label catalog shopping cards. As a registered MSP for MasterCard and an ISO for Visa, the Company partners with companies focused on developing, implementing and marketing customized prepaid card solutions. For more information, please visit the Company's web site at www.trycera.com.

Contact Information

  • INVESTOR / PRESS / MEDIA CONTACT:

    Bryan Kenyon
    CFO
    (949) 273-4304
    Email Contact