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Equitex Subsidiary Chex Services Signs Agreement with Access Card Systems, Inc.; ACS to Market Chex FastFunds Card under Private Label; Places Order for 10,000 Cards.

Publication: Business Wire
Publication Date: 22-MAY-03
Format: Online - approximately 724 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

ENGLEWOOD, Colo. & PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--May 22, 2003

Equitex, Inc. (NASDAQ: EQTX) announced today that its wholly owned subsidiary, Chex Services, Inc. ("Chex") has executed an agreement with Access Card Systems, Inc. ("ACS") to issue FastFunds stored value cards as a private labeled ACS card. Under the terms of the agreement, ACS will primarily function as an independent marketing agent.

ACS is a subsidiary of Access South, Inc., a Florida corporation formed in 1998 providing specialized contracted services to its clients, in the areas of Brand Marketing and Product Awareness. ACS plans to carve out a niche in the burgeoning stored value card...

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