AmeriWorks Financial Services, Inc. (AWKS) Acquires Operations of American DebtWorks, Inc.

Sciota, PA (PRWEB) December 22, 2010

AmeriWorks Financial Services, Inc., formerly U.S. Shanghai Chemical Corporation, has completed an acquisition of the operations of a privately held company called American DebtWorks, Inc. in a reverse merger. The acquisition also included all patents, business programs, proprietary software and other intellectual property. The surviving company, AmeriWorks Financial Services, Inc. (“AmeriWorks”), will be trading in the Pink Sheets with the symbol AWKS.

AmeriWorks has five business platforms: (1) basic debt collections; (2) a patent pending Point of Sale, Identification System that meets and exceeds the requirements of the “Red Flag Rules” of The Fair and Accurate Credit Transactions Act of 2003 which required financial institutions and businesses to establish identity theft programs. Banks and other financial institutions have had to comply since late 2008. But other businesses, some of which had no idea that the law applied to them, were given until June, 2010; (3) an alternative extended payment solution for professional and other businesses called SoftBill (http://www.softbill.net) and (http://www.ezfinanceusa.com) to be offered to patients and/or customers without credit or insurance; (4) POS University, an on-line cashier training site that provides instruction in front end procedures, counterfeit money, counterfeit coupons, bad checks, general Point of Sale procedures and offers an on-line certification when a final exam is passed (http://www.pos-university.com) and; (5) Casino Acceptance Corporation which is a subsidiary company developing a patent pending kiosk to be placed in casinos, sports arenas, airports and theme parks to collect donations for charity with 80% to the charity and 20% to AWKS.

Shareholders of American DebtWorks, Inc. and shareholders of a subsidiary of American DebtWorks, Inc called Cypher Wireless/HealthChex Capital will receive a share for share exchange of their holdings into common shares of AWKS. The total number of shares of Common Stock after the reverse merger will be 17,141,576 shares. There are 6,206,470 free trading shares and 10,935,106 restricted shares. Restricted shares will be subject to all of the rules and regulations of the Securities & Exchange Commission including the filing of a Form 10. The Company plans to file a Form 10 to become a fully reporting company by June, 2011. A complete Business Plan for AmeriWorks Financial Services, Inc. can be obtained from the company by requesting a copy by U.S. mail at P.O. Box 187, Sciota, PA 18354 or via email at smallstock (at) verizon (dot) net.

Company Contacts

Louis Perosi, Jr. – President
1-888-282-2802
Email Address: smallstock (at) verizon (dot) net
Facsimile: 570-801-7801