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TrustCash Mobile Payments Solution iPhone Device Management Specifications Completed(June 07, 2010)
ATLANTA, GA -- (Marketwire) -- 06/07/10 -- TrustCash Holdings, Inc. ("TrustCash" or the "Company") (PINKSHEETS: TCHH) confirms that it has implemented the device management specifications in its proprietary database for the Apple iPhone. Using the previously developed proprietary TrustCash JAVA device management web application, all versions and variations of the iPhone shall be fully supported as part of the mobile payments product strategy.
Needham analyst Charles Wolf delivered a range of (far into the) future sales projections for iPhone sales, predicting these will reach 142.5 million sales in 2019 from 37.2 million this year. These figures assume the global smart phone market grows from 170.2 million units in 2009 to 569.8 million in 2019, and that Apple's market share grows from 15% to 25%.
The design of the TrustCash Device Manager shall support all future versions of the iPhone globally with an automated real-time update process to any hardware, software and firmware upgrades done by Apple. Thus, the support of the TrustCash mobile payments platform for all iPhones in the market today and well into the future will be immediate as they roll out of the assembly factories.
The consensus of the TrustCash team is: "You can't escape the lure and the loyalty of the iPhone. Visit any place where people, not just tech-geeks communicate and congregate, and you'll find lots of iPhones. It could be a Microsoft conference or even a Google function -- the iPhone is omnipresent."
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The TrustCash technology infrastructure provides merchants with open access, PCI compliant payment processing. TrustCash is an E-Commerce expert providing online businesses with payment solutions needed to be successful.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological changes and uncertainties related to the development of TrustCash's business model. The actual results TrustCash may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
TrustCash Holdings, Inc.
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