Latest News

SafePay Solutions Inc., Approved for Unlimited Processing, Revenue Expected to Surge

Mar 20, 2006, Press Release

- New York, NY - (Wire Service) - March 20, 2006 - After being limited by the amount of processing that it could conduct without paying a penalty, SafePay Solutions Inc (OTC: SFPS) is pleased to announce that it has been approved for unlimited processing. The company can now process all the credit card transactions that it was previously unable to process without paying a penalty, and can pursue other revenue producing avenues. As a result of this major development, SafePay Solutions Inc. expects its revenue to grow significantly. For the past three months, SafePay Solutions has been limited to only two hundred thousand dollars ($200,000) worth of credit card processing per month. On all processing over that amount, the company had to pay a 6% penalty per transaction. Therefore, a backlog was created with merchants and consumers having to wait for their turn to be processed. Now, with its vastly expanded processing capability, all of SafePay backlogged merchant suppliers and customers will no longer have to wait, and an unlimited number of transactions can be processed across the global internet. As a result, SafePay expects that its monthly revenues will increase substantially to approximately $1,000,000 within about 60 days. Also, SafePay will pursue other revenue producing outlets, such as providing an online payroll system for companies that manage payroll for independent contractors. In addition, the company expects to become a fully reporting company within approximately 60-90 days. The Company believes that it has a significant advantage over many of its competitors due to SafePay's industry leading integration and processing software for merchants all across the web. Furthermore, since the Company now has the ability to process an unlimited amount of transactions without any penalty, SafePay's management believes that it is about to turn the corner and become a serious competitor to other online merchant processors. About SafePay As an online payment provider, SafePay Solutions brings you the highest level of security, convenience, and speed of any online payment system. Our solutions for business and consumers all around the world are innovative, secure, and cost-effective. With SafePay Solutions, anyone with an e-mail address can send and receive payments, while merchant and corporate clients can conduct business with our vast array of financial management tools. More information about SafePay Solutions can be found at: http://www.safepaysolutions.com Notes about forward-looking statements Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made. SOURCE: SafePay Solutions, Inc CONTACT: Alex Livak 347.813.4664 alivak@fortuneir.com