Business Services Industry
Global Links Card Services Inc. Receives Final Approval for FastMax Visa Debit Card
Business Wire, June 20, 2005
LAS VEGAS -- PTS Inc. (OTCBB: PTSN) announced today that Global Links Card Services Inc. ("GLCS"), a wholly owned subsidiary of PTS Inc., has received final approval from Visa for issuing its privately branded Visa(TM) Debit Card. The card will be available through distributors in the near future and allows use anywhere that Visa Debit Cards are accepted, currently in 150 countries, at more than 20 million locations and access to more than 800,000 ATM machines worldwide. GLCS' FastMax Rewards Visa Debit Card is issued by MetaBank, Sioux Falls, S.D. GLCS anticipates distribution of the FastMax Rewards Visa Debit Card through several marketing partners and its online purchase capability scheduled for June 15, 2005. "Upon full distribution of the FastMax Rewards Visa Debit Card, and its related FastMax Premium Card, which is coming soon, the company expects to have over 50,000 active cards in the marketplace by the end of 2005. Revenue from these active cards alone is expected to be in excess of $1 million per year," said Peter Chin, president of PTS.
About PTS Inc.
PTS' subsidiary Glove Box Inc. owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box system is a freestanding dispenser of disposable latex gloves, which is being marketed by PTS in the United States and Asia. PTS acquired GLCS in December 2004, establishing it in the debit card distribution business. Please visit the company's Web site: www.ptspi.com/.> Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
Most Popular Business Publications
Content provided in partnership with
