updated 11/1/2010 9:16:01 AM ET 2010-11-01T13:16:01

FORT WAYNE, Ind., Nov. 1, 2010 (GLOBE NEWSWIRE) -- Advanced Content Services, Inc's (Pink Sheets:ADCS) MTP Ventures announces that Jasmine Raja, in response to an offer made earlier this year, has accepted the company's offer to take on the role of CEO for MTP's ServeNation, Inc. ( www.servenation.com ). ServeNation is a charitable prepaid reloadable debit program currently being reviewed for acceptance by the industry's leading electronic banking provider.

Raja, a senior sales and business development executive with a multi-national professional and academic background, has accepted the offer exuberantly. "This is a fantastic program that I am confident we'll be very successful with. Mark and his team have worked diligently to create a never-before-seen concept with an uncannily simple, yet effective plan for market. Aside from the fact that I adore the concept and my professional background lends itself well, Mark (ADCS CEO, Mark B. Newbauer) and I work spot on together as a team, with similar philosophies, and taking on the CEO role for ServeNation was a very easy decision to make." 

Raja recently finished a six month consultancy with a major firm, helping to launch its electronic payment solution which delivers global issuance, single-source management, mobile banking technology and a fully-scalable dedicated interface which can be custom designed for corporate branding. She received extensive training in Consultative Sales  and SPIN selling with IPQC (International Quality and Productivity Center) and has worked with SME level businesses and Enterprise tier alike. 

Prior to her recent prepaid consultancy, Jasmine worked with a Commodities trading firm with an annual turnover of 100 million. There, she researched and devised a 25 million project for manufacturing of mobile handsets in the Middle East. She also conducted primary research, due diligence and Marketing as well as presentation of strategic plans to the Board for strategy into emerging markets. From 2002-2008 in her past positions and consultancies, Jasmine has accomplished between 98%-135% of her target goals to date. 

ADCS CEO, Mark B. Newbauer comments, "I'm thrilled to have secured Jasmine to serve as CEO for ServeNation. This is truly a large win for all involved as I am confident her prior successes will be indicative of her benefit to the company as an asset, a team player and a valued partner. She's everything I look for in a partner: genuine, pro-active, ambitious, open-minded and creative, with solid core values and a strong business ethic. There's much to come for ServeNation and I look forward to working with Jasmine to position ServeNation for everything we know it can be.

According to their press release in late August 2010, Mercator Advisory Group, the leading, independent research and advisory services firm exclusively focused on the payments and banking industries, has once again found that prepaid is the best payments market to be in during a recession.

Tim Sloane, Director of Mercator Advisory Group's Prepaid Advisory Service and author of the report, comments: "Growth across most segments of the market continues and is likely to continue whichever way the economy goes." In September, the firm went on to predict that the total dollars loaded onto prepaid cards will climb to $672 billion over the next three years, which is more than double the $330.03 billion loaded onto these cards in 2009. Increased government activity, combined with growing consumer adoption, grew the prepaid market by $60.7 billion in 2009, and these forces will accelerate in the near future. 

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.

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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

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