THOUSAND OAKS, CA, October 22 / MARKET WIRE/ --
Mutual Merchant Services (PINKSHEETS: MUTM) (German WKN# A0Q8CV) today announced it has formed a strategic
marketing alliance to provide mobile market credit card processing services
to Christian organizations and to businesses nationwide with Zion Systems,
LTD.
Zion Systems concentrates in the non-profit sector and is dedicated to
providing mobile payment capabilities and text messaging campaigns. It is
anticipated that Zion could bring tens of millions of dollars per month in
credit card processing volume by early 2009, and could continue to grow
from there as more and more organizations are reached. Its founder and
president, Luis Moreno, chose Mutual Merchant Services to implement Zion
Systems' nationwide ministry outreach mobile donation program. Mr. Moreno
is the former head of Morris Cerullo World Evangelism, a Christian ministry
which is one of the largest in the world, reaching over 200 countries.
"Through Luis' extensive relationships, Mutual Merchant Services will have
tremendous business development opportunities throughout the evangelical
Christian community as well as in the secular business world," said Gil
Gillis, CEO of Mutual Merchant Services. "This marketing alliance should
translate into significant and increasing amounts of credit card processing
volume."
About Mutual Merchant Services
Mutual Merchant Services is a single source provider of financial services,
offering a variety of products and services to merchants, financial
institutions, and banks. Services offered include credit and debit card
acceptance, check guarantee, check verification, check conversion, check
21, advance funding, ACH check processing, prepaid and bill pay services.
Mutual Merchant Services also provides point of sale software, hardware,
and e-commerce products.
Forward-Looking Statements
This release includes "forward-looking statements" from the Company that
may or may not materialize and recipients are cautioned not to place undue
reliance upon them. These forward-looking statements are subject to a
number of known and unknown risks and uncertainties outside of our control
that could cause actual operations or results to differ materially from
those anticipated. It is important to note that actual results could
differ materially from those in such "forward-looking statements" and
"forward-looking statements" are inherently subject to risks and
uncertainties. We assume no obligation to update any written or oral
forward-looking statement made by us or on our behalf as a result of new
information, future events or other factors.
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