C.E.C. Industries Corp. Announces More Targets of Opportunity for Card Orders
Monday August 4, 5:00 am ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 4, 2003--C.E.C. Industries Corp. (OTC:CECC - News) announced today that it has identified three potential target companies that should fulfill CECC's plan for a minimum monthly issuance of 200,000 fully functional financial services debit cards. The Company should realize a pre-tax profit per card of up to $3.00. Along with the continued support of our shareholders and strategic partners, CECC should be generating revenue in the very near future.
CECC's strategy is to assist the target companies in the development of the manner and means by which to increase market penetration and to develop two important market segments, payroll debit cards and debit cards for multi-level marketing organizations, affinity groups and other specific applications.
CECC's President, Harold Gregg, said, "Today, the payroll debit card industry provides tremendous opportunities to expand and grow our business to the next level. In addition, affinity groups will be provided the opportunity to utilize an innovative package of financial services that are debit card based, enabling membership organizations to create an ongoing residual income while offering a value-added service to its members at minimal cost to either the organization or its members."
"We will be making several announcements over the next few months as our new strategic business plan unfolds." said Gregg.
C.E.C. Industries Corp. is a Nevada Corporation in good standing that has entered the business of providing a suite of cash-based debit cards and stored value cards for ATM and debit "point of sale" transactions. The Company believes a multi-functional stored value product will fill a void in payroll and consumer payment services.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.
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Contact:
C.E.C. Industries Corp.
Jeff Hoffer, 866-820-5139
lightspeedpr@gvgate.com
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