Visa and Leading North American Banks Launch Transaction Notification Pilot and Acies Corporation Announces Financial Results for Fiscal 200

City of Industry, CA --(www.USEquityNews.com)-- 08/19/2008 - Business Services industry alert provided by U.S. Equity News. Visa (NYSE:V), the global leader in payments, and eight leading North American financial institutions - PNC Bank, SunTrust Bank, U.S. Bank, Wachovia, and Wells Fargo in the United States, and Royal Bank of Canada, TD Bank Financial Group, and Vancity in Canada - have agreed to initiate a pilot program with up to a total of 2,000 participants to test the delivery of real-time notification alerts on Visa accounts. The program, which is being conducted in cooperation with some of the largest North American issuers, is designed to enhance the consumer payment experience by alerting cardholders in real-time or near real-time of transaction activity on their Visa account - typically within seconds rather than hours or days. Participants will receive notification alerts from Visa through email or Short Message Service (SMS) delivered directly to their mobile devices. Based on Visa's state-of-the-art transaction authorization system, and its ability to analyze and conduct risk score transactions "in-flight," the service allows Visa cardholders to set thresholds that will trigger a transaction alert. Through the alert received via email or SMS text, cardholders can verify the transaction details, and if the transaction appears to be irregular, can immediately contact their bank to help stop further transactions on the card. The service is designed to help cardholders keep closer track of their transactions and spending levels as they go about their daily routine. According to a recent Javelin Strategy & Research report, consumers view timely alerts as a valuable resource to help detect fraud.


All Asia Licensing Inc. (Pink Sheets: AASI), recently announced that it accepted an invitation for its chief scientist to lead a workshop September 23-25 in China at a major international conference on little-known animal diseases. "This prestigious invitation from an arm of China's Ministry of Agriculture is a direct result of our recently-announced Letter of Intent to enter the bio research market to test for BSE (Bovine Spongiform Encephalopathy) also known as 'Mad Cow' Disease," according to Anthony Lee, CEO of All Asia Licensing. The National Diagnostic Center for Exotic Animal Disease of China is the main sponsor of the Third OIE (Office International des Epizooties Regional Workshop and Working Group Meeting on BSE and other Prion Diseases. The conference is also co-sponsored in Qingdao, People's Republic of China by its Animal Health and Epidemiology Center (CAHEC). The main topics at the conference will be the control of Mad Cow Disease, Rapid Prion Testing and Prion disease diagnosis. Prions are a family of rare progressive neurodegenerative disorders. The Letter of Intent announced between All Asia and its proposed joint venture partner is subject to change, completion of due diligence by both parties, creation of a final contract and approval of both Boards of Directors, among other things. All Asia Licensing Inc. is a major conduit for investors to access the rapidly growing Chinese economy. By acquiring a controlling stake in unique Chinese businesses, using its contacts to work with governmental agencies, providing capital and international-minded management, the Company enables these companies to prosper in their own industries. Working with small-to-medium sized companies, All Asia assists clients by using a comprehensive suite of services of business management, consulting services and technical support through specialist.

Acies Corporation (OTCBB:ACIE), a business services company specializing in providing payment processing services primarily to small to medium-size merchants across the United States, recently announced its financial results for the fiscal year ended March 31, 2008. Revenues increased 11% to $13,095,197, up from $11,823,326. The increase reflects an increase in merchant processing revenues resulting from the addition of new merchant accounts, which was partially offset by merchant account attrition in the normal course of business at a level expected for our portfolio. Gross margin increased 31% to $1,527,747, as compared with $1,169,010, gross margin increased principally as a result of the increase in the average ticket and the pricing increase, the effects of which combined to be greater than the increase in cost of revenue. Corporate expenses totaled $2,037,997 (including non-cash charges for option expense and restricted stock of $83,447), which represented 15.5% of revenues, compared to corporate expenses of $2,272,653 (including non-cash charges for restricted stock expense of $347,273), which represented 19.2% of revenues. Net loss decreased to $668,597, or $0.01 loss per share, from a net loss of $1,130,717, or $0.02 loss per share. The decrease in net loss is primarily attributable to an increase in gross margin and a decrease in corporate expenses, partially offset by the increase in interest expense ($158,455 compared to $27,593) for the year ended March 31, 2008, compared to the year ended March 31, 2007.

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