Atlantic Synergy, Inc. Announces it has Completed the Acquisition of Acies, Inc.

The Newly Combined Entities Will Exclusively Focus on Delivering Merchant Services and Other State-of-the-art Payment Processing Solutions


FORT PIERCE, Fla., July 7, 2004 (PRIMEZONE) -- Atlantic Synergy, Inc. (OTCBB:ASGY) and Acies, Inc., are pleased to announce that the companies have reached a definitive agreement whereby Atlantic Synergy will purchase 100% of all Acies' issued and outstanding shares for 26,150,000 common stock, newly issued Atlantic Synergy treasury shares. Consequent to the closing of this transaction Acies will become a wholly owned subsidiary of Atlantic Synergy and Atlantic Synergy will have 30,763,750 common stock shares issued and outstanding.

Atlantic Synergy enters the merchant services and payment processing space as an established leading brand -- Acies. The new corporate leadership team will constitute Oleg Firer as President, Chief Executive Officer and Director, and Terence Channon and John Wilbur as Directors.

Atlantic Synergy has already filed form 10QSB with the Securities and Exchange Commission, and in the coming weeks Atlantic Synergy intends to announce more details about the company's enhanced business model.

About Acies, Inc.

Acies, Inc. ("Acies", "Company"), a registered Member Service Provider of JP Morgan Chase Bank, is a next generation payment processor that provides its merchants and Independent Sales Organizations ("ISO") with fast and reliable merchant processing, complex point of sale systems and superior customer support. In addition, Acies' Powerhouse Alliance -- the extranet of Acies' strategic and exclusive distribution partners -- combines a wide array of payment processing solutions including: point-of-sale terminal products; Radio Frequency (RF) contact-less payment solutions; signature capture; processing for credit, debit, stored-vale, gift cards, and gas cards; Electronic Benefits Transfer (EBT) transactions; Dynamic Currency Conversion (DCC); Business to Business (B2B), recurring payments, Electronic Check Acceptance (ECA) service, and one-stop e-commerce solutions. At the core, Acies' products and services are designed to enable small, medium and large-scale enterprises to expand their revenue stream opportunities while reducing operating costs. For more information visit http://www.merchantusa.net/.

About M&A Capital Advisers, LLC

Led by Stephen Brock, M&A Capital Advisers, LLC, served as the financial advisor in connection with this transaction. MACA specializes in reverse listings and private placements. MACA provides investment banking solutions to small market corporations delivering merger advisory and private equity raising, to small cap entrepreneurs, corporations and professional financial investors. Founded in early 2004, MACA targets companies generating revenues of approximately $10 million. Additional information about the firm is available on MACA's web site at http://www.macapitaladvisers.com. Mr. Brock is president of several financial companies including:

GoPublicToday.com, Inc. (www.gopublictoday.com), Pubco Whitepapers, Inc., (www.pubcowhitepapers.com), Public Company Management Services, Inc. (www.pcms-team.com and www.foreigncompanylisting.com).

About Atlantic Synergy, Inc.

Atlantic Synergy, Inc. ("Atlantic Synergy", "Company") provided a suite of web site services, including e-business consulting, business development, hosting, and e-business research and testing services to small and medium-size businesses. Atlantic Synergy assisted businesses to formulate comprehensive e-business strategies.

Forward-looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. Acies, Inc.



            

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