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PYST

Started by fill_the_gap, July 12, 2005, 11:41:38 AM

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fill_the_gap

http://biz.yahoo.com/pz/050712/81547.html

Will keep an eye on it to see if the deal is finalized.

Have not bought any.

Saw the 25 % down day so far and the news.

Anybody know about PYST ?
Just one opinion, do the research

fill_the_gap

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

PayStar Announces $5 Million Financing Commitment

LODI, Calif., May 17, 2005 (PRIMEZONE via COMTEX) -- PayStar Corporation (Pink Sheets:PYST), a leading provider of prepaid ATM debit cards and nationwide debit card bank loading centers today announced the signing of a two-year financing commitment with Cornell Capital Partners LP that will provide the Company with up to $5 million in financing. The agreement comprises an equity line of credit and is subject to PayStar returning to the OTCBB and registering the shares with the Securities and Exchange Commission. Cornell Capital is a New Jersey-based domestic hedge-fund.
"We are pleased to have reached an agreement with Cornell Capital on terms beneficial to both parties. This funding commitment provides access to significant working capital necessary to implement PayStar's GLOBALCash division's business plan. The agreement allows us to be in complete control and gives flexibility as to when and how much we wish to draw down," said William D. Yotty, Chairman, President and CEO of PayStar Corporation.

Santa Fe Capital Group, (SFCG) is an investment banking and business advisory services firm, specializing in emerging technology companies. SFCG was retained by PayStar to arrange the funding. SFCG has been serving as advisor to the PayStar executive management team since it played a role as a business consultant in early 2003.

About PayStar

PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, national bank load center locations and Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar is a partner in a prepaid ATM debit card program for a national government project that will enable millions of underserved and subsidized housing individual's access to prepaid ATM debit cards. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.

Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.

SOURCE: PayStar Corporation


By Staff

CONTACT:          PayStar Corporation 
         B. Thomas 
         209-339-0486
         [email protected]


(C) 2005 PRIMEZONE, All rights reserved.

-0-

INDUSTRY KEYWORD: Financial Services
SUBJECT CODE:     FINANCING
                  CONTRACTS
                  Financing Agreements
Just one opinion, do the research

fill_the_gap

LODI, Calif, Jul 21, 2005 (PRIMEZONE via COMTEX) -- PayStar InfoStations, Inc. a PayStar Corp. (Pink Sheets:PYST) division, is pleased to announce it has signed a five (5) year joint venture agreement with SMO Multimedia Corp., a subsidiary of Strategic Management & Opportunity Corp. (Pink Sheets:SMPP) to jointly market the EZpix photo kiosk and multiple products and services offered by both parent companies. Terms of the agreement afford for the immediate funding by PayStar to SMO Multimedia for the deployment of its US Military AAFES Photo kiosk project. This contract (announced May 16, 2005 by SMPP.PK) calls for the deployment of 118 of the companies technologically enhanced Photo kiosk units into 115 military installations (www.ezpixkiosk.com). PayStar will receive a fifty-percent (50%) interest in this Military project.
Strategic Mgmt. and PayStar's kiosk division have begun marketing each others technologies into their current customer bases. Ongoing Photo kiosk shipments now exceeded 16 deployments all across the country in both US Army Forts and Air Force Bases. The entire 118 photo kiosk deployment is anticipated to be completed within the next 60 days.

Each photo kiosk has anticipated Media (digital photo processing and specialty items, such as photo cups and T-shirts) revenues after market acceptance of approximately $4,000.00 per month. Additional revenues are made available by SMOC's innovative 17" LCD kiosk display header, which advertising agencies currently in negotiations with the JV partners have valued at over $1,000.00 per month in recurring ad revenue. That amounts to a healthy return on investment and when viewed within the five (5) year AAFES agreement perspective, results in a project forecast of potential revenues exceeding $35,000,000.00.

"As I have stated before, Strategic Management has clearly proven their best-of-breed technologies in the Digital Photo kiosk space with the award of this AAFES Military contract," commented W. D. Yotty, Chairman and CEO of PayStar. Mr. Yotty continued, "PayStar and SMOC's JV agreement has already resulted in identifying over 300 additional EZpix photo kiosk retail vending deployments in North America, all coming right behind this AAFES roll-out."

About PayStar

PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.

Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.

SOURCE: PayStar Corporation


By Staff

CONTACT:          PayStar Corporation
          B. Thomas
          209-339-0483
          [email protected]


(C) 2005 PRIMEZONE, All rights reserved.

-0-

INDUSTRY KEYWORD: Financial Services
SUBJECT CODE:     JOINT VENTURE
                  PHOTOGRAPHY
                  MILITARY
                  Joint Venture
                  Product  Services Announcement

Just one opinion, do the research

drugtester

Hey ftg...sorry about the new PYST thread as I didn't see yours. I can tell you that I have heard that more news is supposed to be hitting next week. This stock has been on the reg SHO list since 7/18/05 so I think we are still dealing with a fairly large short position. It started getting hammered back in the Fall and has never recovered. Management is inking deals left and right so I don't expect these sub-penny levels to be around much longer. Short term resistance is @ .0022 and once that hurdle is complete we should be clear until around .0042. If we can get a continuation of the solid news releases I believe pennyland will come our way. As always JMHO... ;D ;D

Good Luck.... :D :D

fill_the_gap

Not a big deal.  Goal is to all make money.

Been thinking that we may have a shot here.

Will begin buying tomorrow.  Wonder if it will drop below .001 ?

Your comments are appreciated.  Let's figure out a plan together.

Will be monitoring tomorrow. 

Someone please tell me if we are missing something here.
Cannot get financials ?

-Jeff-
Just one opinion, do the research

setravis

Just send Ramsburgh a message and ask him to merge the threads.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

atalltexan

It's on my list too.  Has it bottomed yet ?


fill_the_gap

.0005 is 52 week low.

Will watch for entry.

The MM are messing around with the bid-ask and making a nice spread.
Just one opinion, do the research

atalltexan

Quote from: fill_the_gap on July 22, 2005, 06:58:28 AM
.0005 is 52 week low.

Will watch for entry.

The MM are messing around with the bid-ask and making a nice spread.


I was thinking more bottom for the present run, but bill be watching too for an entry point.

drugtester

Good morning texan...support is @ .001. on this current run. It needs to break .0024 (new resistance). I will continue to buy at these levels.

fill_the_gap

I have limit orders on the .001 range.
No fills.

Will jump in with some movement.

The MM want this down so I am looking for a better price.  Each move down mean a large % when you talk .0016.

-Jeff-   8)
Just one opinion, do the research

drugtester

Solid volume towards the close today. Smart money is loading up for a big week ahead. :o

fill_the_gap

I picked up some shares .0016.

If this ever moved back up, it would be amazing profits.

I like my chances with what information is found on PYST.

Will look to buy more Monday.

-Jeff-
Just one opinion, do the research

drugtester

Well the word is still more news to come. The pps is way to low imo and a good reason is because PYST is still on the reg SHO list. Next week should be interesting.

http://www.nasdaqtrader.com/aspx/regsho.aspx

drugtester

Looking for a strong week when we leave the reg SHO list. The catalyst will be a continuation of strong news releases. 

Everyone have a great day!  ;D