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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 (2)	7/31/2003 2:59:34 PM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 13

C.E.C. Industries Announces Formation of Subsidiary Tuesday July 15, 9:11 am ET LAS VEGAS--(BUSINESS WIRE)--July 15, 2003--C.E.C. Industries Corp. (OTC:CECC - News) has announced today that the Board of Directors has authorized the formation of Global Card Services, Inc. as a wholly owned subsidiary for the purpose of marketing Pre-Paid debit and Stored Value cards. "We have authorized the formation of this subsidiary as the logical next step toward achieving our objectives," said Brian Dvorak, CEO of C.E.C. Industries Corp. C.E.C. Industries Corp. is a Nevada Corporation which has recently entered into a Memorandum of Proposed Terms to acquire the majority of a company that provides a suite of cash-based debit cards and stored value cards for ATM and debit "point of sale" transactions. 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. biz.yahoo.com