Stock Watch Alert: AMDS Posts Tremendous 620% Increase in Revenue Merchant Transactions Over Current Year MEMPHIS, Tenn., Oct. 18 /PRNewswire-FirstCall/ -- American Merchant Data Service, Inc. (Pink Sheets: AMDS), founded by a team of former Concord EFS (CE) senior management, reported a 620% increase in credit card transactions compared to this time 12 months ago (August 2003 to August 2004) and dollars processed from $1,000,000 to $6,300,000 monthly and continues to grow at levels not seen by the larger, more well known credit card processors. Mr. Bert Adcock, Founder, President and CEO, stated, "I believe in the near future, AMDS will not only show its shareholders, but the industry, a way of being a success by getting back to the basics." Mr. Adcock went on to say, "With our very experienced and highly successful management, customer service and sales teams, we should have no problem exceeding our current rate of growth for years to come and believe very shortly we will see approximately $2.00 to $3.00 a share in our stock price for our shareholders." Concord, as Wall Street knows, was just recently acquired by First Data, parent of Western Union, for $7 billion. Visit: http://www.amds.us/. Mr. Adcock started in the industry, (late 1994) when, Mr. Dan Palmer, Founder and CEO, of Concord EFS, asked him to join his company. "Mr. Palmer told me, more and more people and corporations were moving to the cashless society we are experiencing today," Mr. Adcock stated. Mr. Adcock also added, "I thought his vision at that time was very optimistic. But as I look back on the past nine years, WOW!, how right he was." Mr. Adcock had become a member of the talented management team of Concord EFS before he began his vision of AMDS. The electronic transaction industry is one of the fastest growing industries in the world and AMDS is making its mark in this industry with its dedication to its customers. In an industry that has a very high customer turnover rate, as high as 36% annually, customer retention is the key to success. "Maintaining customers over the long term is very important to continued growth of the revenue numbers AMDS is showing the investment community," said Mr. Adcock. Visit: http://www.amds.us/. Contact: C. Wilson for American Merchant Data Service, Inc. 561-367-8545 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: American Merchant Data Service, Inc. CONTACT: C. Wilson, American Merchant Data Service, Inc., +1-561-367-8545, Web site: http://www.amds.us/

Copyright