SOURCE: Trycera Financial, Inc.

March 19, 2007 15:05 ET

Trycera Financial Reports Material Growth in Key Financial Metrics

Financial Services Company Increases Gross Revenues 196% Month Over Month, Increases Stored Value Revenues 245% Month Over Month, Increases Stored Value Card Fee Revenues by 900% Quarter-to-Date Versus 4 QTR 2006 and Exceeds Monthly Gross Dollar Volume From Prior Month in the First 10 Days of March

IRVINE, CA -- (MARKET WIRE) -- March 19, 2007 -- Trycera Financial, Inc. (OTCBB: TRYF), a financial services company specializing in the delivery of prepaid card programs and products, today announced that it has achieved historic monthly records for several key financial metrics underlying the Company.

First, gross revenues for February 2007 increased 196% month over month from $96K in January 2007 to $283K. Second, stored value revenues for February 2007 increased 245% month over month from $76K in January 2007 to $264K. Third, quarter-to-date stored value card fee revenues have increased by 900%, or nearly a full order of magnitude, from $70K in 4 QTR 2006 to $700K currently. Fourth, monthly gross dollar volume (GDV) for the first 10 days of March 2007 has already exceeded the $3.2M in full month GDV recently reported for February 2007.

"Currently our business is growing at a rate that even we have been unable to accurately forecast," said Bryan Kenyon, CFO of Trycera Financial. "While this exponential growth represents an extremely positive development for our business, we 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 represent. Should circumstances or further developments warrant continued communications in the near term, the Company expects to provide 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.

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