American Bancard, LLC. Acquires Former IBM Facility

Expansion brings 100 jobs to South Florida in 2006

Boca Raton, Florida, February 15, 2006 -- American Bancard, LLC has just purchased the 77,100 square foot former IBM property located at 1081 Holland Drive (near Yamato Road and I-95) to house its corporate headquarters and affiliate companies. As the fastest growing provider of credit card processing services and working capital to small and medium-sized businesses throughout the U.S., the company is renovating this state-of-the-art facility to accommodate over 150 employees for corporate sales, finance and accounting, underwriting, and operations support services.

Best of Class in Merchant Services

American Bancard’s simple programs have proven to be price-sensitive and service-oriented, focusing on helping small and medium sized merchants increase their profitability with non-traditional options for securing working capital through its cash advance program. American Bancard’s secret has been by providing small and medium size businesses with rates comparable to Fortune 500 companies. Finally, merchants receive free credit card machines when they establish a new account.

By eliminating the intermediary and becoming the primary provider, president and CEO, Sam Zietz’s mission is to “help small businesses grow by providing the working capital they need to continue expanding their business.” His team offers the support, knowledge, pricing, flexibility, and opportunity for merchants to compete more effectively. Awarded “Best of Class in Merchant Services” in January 2005, American Bancard has achieved industry leadership by providing quality service, support, and delivery of an exceedingly low credit card processing rate, a wide selection of credit card machines and easy to qualify funding opportunities.

For more information on opportunities for employment at the newly designed headquarters, or as funding specialist for local and national accounts, contact John Cicatello, Director of Human Resources at 561-886-1931.

About AMERICAN BANCARD, LLC (www.americanbancard.com/?source=prweb)
AMERICAN BANCARD, LLC, Boca Raton FL, is a registered Independent Sales Organization/Merchant Service Provider (ISO/MSP) of HSBC Bank USA and is currently the fastest growing provider of electronic payment equipment and merchant processing services in the country. The company has re-directed its corporate philosophy towards becoming a more “price-sensitive and service-oriented” organization that focuses on helping merchants increase their profitability. AMERICAN BANCARD has achieved industry leadership by offering merchants an exceedingly low credit card processing rate in addition to the lowest available pricing on a wide selection of credit card machines.

Media Contact:
Steven Scop, Director of Business Development
Phone: (800) 793-3250, ext. 1353

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