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------------------------------------------------------------------------------------------------------------------------------------------------------------ TCHH LATEST NEWS
TrustCash to Address Unbanked Market With TrustCash DEPOSIT(TM) Product ATLANTA, GA--(04/01/10) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (Pinksheets:TCHH - News) today confirms the TrustCashDEPOSIT product will be marketed specifically to address the needs of the unbanked market.
Serving the unbanked is a key part of the TrustCash business plan.
Even though experts differ on just how large this market really is, one thing is clear, the statistics indicate a significant market opportunity:
CFSI reported that 20 percent of all U.S. households are unbanked. That's about 22.2 million families. Add to that the 19.4 percent of all U.S. families that are underbanked -- that's another 22 million families.
BearingPoint, a management and technology consulting firm, projects an even higher figure -- 28 million unbanked U.S. households and 44.7 million underbanked U.S. households.
Because the breadwinners for unbanked families are typically considered to be low-income wage earners, they are often overlooked by traditional FIs. But CFSI said such families will spend at least $13 billion on more than 340 million alternative financial service transactions -- each year. In the Celent LLC research study, Where the Banks Aren't: Nontraditional/Nonbank Advances in Branded Prepaid Cards, Celent Analyst Red Gillen estimated GPR cards for the unbanked population is a potential $31 billion market.
TrustCashDEPOSIT is the smart way for merchant's customers to pay their online invoices in person and can be supported by all major banks in their respective geographic markets. With TrustCashDEPOSIT merchants are guaranteed to receive their funds with none of the risks associated with credit card processing.
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http://www.trustcash.com/signup_consumer1.php.
ABOUT TRUSTCASH
The TrustCash platform delivers a sophisticated, comprehensive online payment processing system.
The TrustCash technology infrastructure provides merchants with open access, PCI compliant payment processing. TrustCash is an E-Commerce expert providing online businesses with payment solutions needed to be successful.
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Trey Resources Announces First ERP X3 Client Subsidiary SWK Technologies Closes Important Transaction
LIVINGSTON, NJ--(04/05/10) - Trey Resources, Inc. (OTC.BB:TYRIA - News) announced today that its subsidiary, SWK Technologies, has closed its first sale of Sage Software's ERP X3, Sage's flagship global ERP solution for mid-sized and larger businesses.
Mark Meller, CEO of Trey Resources, stated, "SWK is one of a handful of nationwide Sage business partners to recently adopt Sage ERP X3. The decision to adopt this solution as part of our portfolio of product offerings was based upon the desire to provide our clients with a new generation of integrated, user-centric business solutions which allows all users of an extended enterprise to be active stakeholders in accelerated and collaborative business processes, either via the desktop or over the web."
Jeffrey D. Roth, CEO of SWK, added, "This builds on the strategy we announced in February to increase SWK's presence throughout the Northeast by selling Sage ERP X3 and providing related services to clients. Sage ERP X3's focus on collaborative technology and its customizable interface simplifies processes and increases efficiency for our clients."
Roth added, "I am not surprised that we've already signed our first Sage ERP X3 client. Not only have we seen great demand in the marketplace, but our sales and consulting teams have been meeting with prospects and current clients to spread the word about Sage ERP X3. We expect to be able to make a series of announcements about additional X3 sales in the very near future."
About Trey Resources Trey Resources is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, Trey has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit http://www.treyresources.com/, http://www.swktech.com/, http://www.mapadoc.com/, or contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at [email protected].
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Electric Car Company, Inc. Utilizes Grant From the State of Missouri to Increase Efficiency and Lower Overhead Costs Lean Manufacturing Process Gives Company Competitive Advantage
SPRINGFIELD, Mo., March 31, 2010 -- Electric Car Company, Inc. (OTCBB:ELCR - News), a vehicle conversion company that specializes in electric conversions and manufacturing for the Livery and Fleet Markets, announces that the Company has utilized a training Grant from the State of Missouri to increase efficiency and lower overhead costs. Implementing "Lean Manufacturing" processes and lowering overall manufacturing costs gives the Company a competitive advantage in the market.
By utilizing the Training Grant awarded to the Company, an independent team of efficiency experts was hired to help overhaul its production process at no cost to The Electric Car Company. The goal is to drastically reduce lead-time and mistakes while improving staffing for the job by reconfiguring traditional assembly lines into productive cells based on one-piece flow.
As a result several steps were taken. The Company has been able to reduce its full time assembly force from 30 down to 19. Any additional labor will be brought in on a job-by-job basis, which also saves on excessive overtime costs. Other areas have been streamlined such as the accounting, marketing and administrative staff that have been reduced by 50%.
The Company has also taken steps to ramp up sales by reducing the salary expense of its sales personnel while increasing the commission structure. This has proven to be very effective with the evidence of the increased sales and contract work brought into the Company in the first quarter of this year.
Mr. Gary Spaniak, CEO of Electric Car Company, Inc. stated, "By utilizing the programs offered by the state, we've been able to continue training at a minimal cost to the company." Mr. Spaniak continued by stating, "The staff is on board with it all. It's not only made us leaner, but it has made us stronger, as well."
http://www.electriccarstocks.com/
About Electric Car Company, Inc.
Electric Car Company, Inc., (OTCBB:ELCR - News) is a vehicle conversion company that specializes in electric conversion and manufacturing for the livery and fleet markets including corporate VIP, Party Buses, Municipal Buses and Delivery Vehicles. The company brings together businesses specializing in customizing vehicles and powertrains. This proven business strategy is building a dominating presence in the aftermarket automotive up-fitter segment, including, but not limited to "Pure Electric" cars, liquid propane conversions, limousines & other livery vehicles, specialty fleet vehicles, classic automobiles and custom restorations.
------------------------------------------------------------------------------------------------------------------------------------------------------------ PRPM LATEST NEWS
Propalms, Inc. Receives Initial Purchase Order From Leading Indian Insurance Company to Supply TSE Software
MALTON, ENGLAND--(04/05/10) - Propalms, Inc. (Pinksheets:PRPM - News) is pleased to announce that the Company has received an initial purchase order for its Propalms TSE Software from SBI Life Insurance Company Ltd., one of the leading insurance companies in India. This is the beginning of a roll out of Propalms TSE software to the thousands of users within SBI Life Insurance Company. SBI Life Insurance Company Limited is a joint venture between the State Bank of India and BNP Paribas Assurance, the fourth largest insurance company in France.
SBI Life has a unique multi-distribution model encompassing vibrant Bancassurance, Retail Agency, Institutional Alliances and Corporate Solutions distribution channels. SBI Life extensively leverages the SBI Group as a platform for cross-selling insurance products along with its numerous banking product packages such as housing loans and personal loans. SBI's access to over 100 million accounts across the country provides a vibrant base for insurance penetration across every region and economic strata in the country ensuring true financial inclusion.
"We are thrilled to add yet another prestigious and respected India company to our growing list of users in this region. Every week we are closing new deals in the region and working hard to increase our brand and product awareness, which we hope in turn will show in our growth figures during the months to come," stated Owen Dukes, CEO Propalms Inc.
Propalms recently announced that the Company will be holding a Nationwide teleconference on Wednesday, April 7 at 4:15 PM EDT. During the Nationwide Teleconference, Mr. Owen Dukes, CEO of Propalms, and Robert Zysblat, President of Propalms, will not only discuss the pending sale of Focus Systems, but they will also update the financial community on the Company's financial results from its fiscal year ending January 31, 2010. There is expected to be a high demand for the call-in lines for this Nationwide Teleconference and space will be limited. Please call (407)389-5900 today to reserve your place and receive the information that will enable you to participate in the conference. If you have a particular question for Mr. Dukes or Mr. Zysblat, please email your question to [email protected].
For more information on SBI Life Insurance Company please visit http://www.sbilife.co.in/
About Propalms, Inc.:
Propalms, Inc. (http://www.propalms.com/) is a global provider of application delivery and secure remote access solutions for Terminal Services and Virtual Desktop Infrastructures. Delivering to enterprises of all sizes, Propalms offers reliable, scalable and affordable solutions that simply work. Our belief is that application delivery solutions should be flexible, dynamic and, above all, simple to use.
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