TrustCash Signs Definitive Agreement to Acquire 25% of Alligato, Inc.
April 19 2010 - 7:00AM
Marketwired
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today
announces it has signed a Definitive Agreement for the acquisition
of 25% of Alligato Inc.
This acquisition of an equity stake in Alligato strengthens the
partnership between the two companies, potentially allowing
additional avenues towards growth to be implemented.
The acquisition is structured as an exchange of restricted
common stock.
TrustCash Management comments: "The Company looks forward to the
closing of this acquisition, which is expected shortly."
Alligato markets its service under the www.CellLongDistance.com
brand.
Alligato™ delivers the most sophisticated, comprehensive voice
2.0 platform available. The technology infrastructure provides the
first truly open access to carrier-grade telecom functionality with
hardware, software and network capacity to lower the cost of cell
phone long distance from the wireless network to the Public
Switched Telephone Network (PSTN) as an on-demand, fully hosted and
managed service in a CaaS (Communications as a Service) model.
The Alligato service enables large member based organizations,
existing service providers, application providers and web
communities, to provide cell phone long distance for their
customers and members with greater quality and at significantly
lower costs (up to 90% savings).
TAKE OUR ONLINE SURVEY Tell us where you want to use TrustCash
at: 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.
Cautionary Statement Regarding Forward-Looking Statements A
number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological changes
and uncertainties related to the development of TrustCash's
business model. The actual results TrustCash may achieve could
differ materially from any forward-looking statements due to such
risks and uncertainties.
Contact: Trustcash Holdings, Inc. Shareholder Communications
Email Contact: Email Contact 1-800-975-5196
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