TCHH Enters Negotiations to Acquire up to 25% of Alligato, Inc.
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Issue# 1824 |
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| TCHH Enters Negotiations to Acquire up to 25% of Alligato, Inc. |
ATLANTA, GA — (MARKET WIRE) — 02/01/10 —
TRUSTCASH HOLDINGS, INC.
(“TRUSTCASH”) (PINKSHEETS: TCHH) today confirmed that it is in discussions with
Alligato, Inc.
for the purchase of an interest in Alligato of up to the 25%. This is in addition to
Trustcash’s
current agreement to provide an alternative payment solution for Alligato’s mobile long distance services.
Alligato markets its service under the www.CellLongDistance.com
brand.
Alligato delivers the most sophisticated, comprehensive voice 2.0 platform available. The technology infrastructure provides the first truly open access to carrier-grade telecom functionality with hardware, software and network capacity to lower the cost of cell phone long distance from the wireless network to the Public Switched Telephone Network (PSTN) as an on-demand, fully hosted and managed service in a CaaS (Communications as a Service) model.
The Alligato service enables large member based organizations, existing service providers, application providers and web communities to provide cell phone long distance for their customers and members with greater quality and at significantly lower costs (up to 90% savings).
Alligato currently offers its customers a postpaid billing model via credit card. Alligato management is excited to integrate
TrustCash
as an alternative, secure, private and reliable payment system which can be instrumental in the expanding distribution of their cell long distance service.
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TRUSTCASH HOLDINGS, INC. |
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TRUSTCASH HOLDINGS, INC. (TCHH)
Trustcash Holdings, Inc. offers an alternative online payment system that makes it easy and safe to shop on the Internet |
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TrustCash Holdings, Inc. Phone: 800-975-5196 |
PayPal, a subsidiary of eBay, the company accounts for more than half of its parent company’s net total payment volume. PayPal lets individuals and merchants transfer money via personal computer or Web-enabled mobile phone, with transactions charged to the customer’s bank account, credit card, or PayPal balance. eBay Inc. (eBay) provides online marketplaces for the sale of goods and services, as well as other online commerce, or ecommerce, platforms, online payments services and online communications offerings to a diverse community of individuals and businesses. NASDAQ:EBAY Recent Price: $23.64 Innovative Card Technologies, Inc. (InCard) develops and markets secure powered cards for payment, identification, physical and logical access applications. OTCBB:INVC Recent Price: $.42
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