updated 10/29/2010 9:15:48 AM ET 2010-10-29T13:15:48

FORT WAYNE, Ind., Oct. 29, 2010 (GLOBE NEWSWIRE) -- Advanced Content Services, Inc's (Pink Sheets:ADCS) MTP Ventures ( www.mtpventures.com ) announces that it has entered into a Non-Disclosure Agreement with an unparalleled prepaid processor for ServeNation, its one-of-a-kind prepaid program currently in the hands of the industry's leading electronic banking provider. After review of the program submitted by ServeNation, Inc. founder, Mark B. Newbauer, the processor noted interest in ServeNation as a contender to fulfill its streamlined system solutions.

ADCS CEO Newbauer states, "A handful of processors were considered for the program, and it was good to be approached by capable providers for our needs. There was one that stood out from the rest with consideration to a running start for ServeNation as well as for its long-term potential for market permeation, revenues and growth. Per the processor's request, we've entered into a Non-Disclosure Agreement and initiated discussions toward Program acceptance and implementation." 

The processor, which will remain confidential for the time being per the terms of the NDA, is the largest and most comprehensive provider of open-loop prepaid card services. It is at the forefront of the industry, providing robust, end-to-end solutions for development, processing and administration of prepaid programs. Its end-to-end prepaid processing solution includes everything from account set up and management, card production and personalization, inventory management and customized distribution solutions, transaction processing, fraud detection and prevention, funds settlement, call center and IVR/VRU customer service, dispute processing, detailed reporting and web hosting services.

ADCS MTP Ventures acquires, creates, co-ventures and/or incubates powerful, unique business models and Intellectual Property. The firm was initially formed to develop new ideas and IP, as well as to acquire distressed companies in need of a 'business makeover', and transform them into thriving entities with sustainable revenue and progressive growth.

FOLLOW US ON TWITTER:   www.twitter.com/mtpventures

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

PR prepared by NMR

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com