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Non-Tech : CECC - On the Brink of a cashless society -- Ignore unavailable to you. Want to Upgrade?

To: Tadsamillionaire who wrote (1)	7/31/2003 2:58:23 PM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 13

C.E.C. Industries Corp. Announces Initial 2,000 Card Order From New Agent Wednesday July 30, 6:01 am ET LAS VEGAS--(BUSINESS WIRE)--July 30, 2003--C.E.C Industries Corp. (OTC:CECC - News) has announced today that it has received an initial 2,000 card order from TSO, Inc. of Los Angeles, California, under a new Master Agent Agreement. The Agreement enables TSO, Inc. to immediately distribute C.E.C. Industries' new stored-value card products and services. "We are placing an initial 2,000-card order with C.E.C. Industries and foresee an additional 200,000 cards in the next two to three quarters," stated Thomas Alvarez, CEO of TSO, Inc. "Our initial order is being placed on behalf of Gano Excel USA, Inc., a Multi-Level Marketing Organization selling nutritional and healthcare related products. As well, we expect to shortly complete a proposal with a national, purified water distributor which will involve the issuance of tens of thousands of cards," further stated Mr. Alvarez. "We are excited to bring on TSO, Inc. as a new agent that specializes in several stored-value card sectors, including the Hispanic community, Evangelical Organizations, and Multi-Level Marketing Organizations," said Harold Gregg, President of C.E.C. Industries Corp. "We expect to begin realizing revenue from the agreement with TSO, Inc. in approximately thirty days, and we look forward to a long, successful relationship with TSO, Inc.," he added. 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. -------------------------------------------------------------------------------- Contact: C.E.C Industries Corp. Jeff Hoffer, 866-820-5139 lightspeedpr@gvgate.com -------------------------------------------------------------------------------- Source: C.E.C. Industries Corp. biz.yahoo.com