PRESS RELEASE
May 2, 2003
For Immediate Distribution
Global eTelecom and Cynergy Data Renew Partnership Agreement
Destin, Florida - Global eTelecom, the national leader in the Electronic Check Conversion (ECC) industry announced today the renewal of their two-year agreement with Cynergy Data, one of the fastest growing merchant acquirers in the nation.Under this contract, Global eTelecom will continue to provide complete back engine processing and support for the Cynergy Data Electronic Check Conversion program.
Cynergy Data, a full-service acquirer listed as one of the country's fastest growing companies on the Inc. 500 list, offers electronic check conversion with guarantee through national independent sales agents and offices. Within the programs offered, Cynergy Data merchant customers can process checks similar to credit card transactions.
“The team at Cynergy Data is absolutely one of most professional operations that we have seen. We have had phenomenal success with our partnership and are fully committed to providing Cynergy Data with the latest in electronic check processing technology to ensure their organization remains on the cutting edge.” Says Chris Brundage, Senior Vice President of Global eTelecom.
Enabling Cynergy Data to offer one of the premier check conversion programs on the market today, Global eTelecom shares in our philosophy of offering unprecedented technology with outstanding service,” said John R. Martillo, President Cynergy Data.
About Global eTelecom, Inc.:
Providing TOTAL Check Solutions. Global eTelecom provides it's proprietary, fully customizable XML based electronic check processing services to a nationwide network of banks, independent sales agents and associations, credit card processors, insurance companies, and retail merchants, ranging in size from small "Mom &Pop" stores to national retail chains. Global eTelecom's Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order / Telephone Order Checks (MOTO), ARC Lockbox Conversion, Electronic Recurring Debit, Electronic Represented Check Collection (RCK), Electronic Check Image Capture, and Secure Web Based Check Image Retrieval. More information on Global eTelecom can be found on the Company's website at www.globaletelecom.com Global eTelecom’s check services are proprietary and are licensed under U.S. Patents from LML Payment Systems Corp: 5,484,988; 6,164,528; 6,283,366; and 6,354,491.More information on Global eTelecom can be found on the company's website at www.globaletelecom.com
About Cynergy Data.:
As one of the fastest growing merchant acquirers in the nation, Cynergy Data provides an array of electronic processing options to retail, restaurant, mail order, telephone order, and Internet businesses. Services offered include credit, debit and EBT card processing; check conversion and guarantee, electronic gift certificate processing, and equipment leasing and sales. With corporate headquarters in New York, Cynergy Data has built a solid foundation based on unprecedented service and integrity. Always focusing on the needs held by our Independent Sales Offices, representatives and merchants, Cynergy Data offers pricing, products and programs that fit today's market. For more information, visit www.cynergydata.com.
Contacts:
Chris Brundage
Senior Vice President
Global eTelecom
35008 Emerald Coast Pkwy
Destin, FL 32541
Phone: (850) 650-8506
Email: cbrundage@globaletelecom.com