TCHH Trustcash Holdings Inc (CE)

TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "COMPANY") (PINKSHEETS: TCHH) today announces it expects to close the acquisition of a minority stake of Aligato Inc. by Friday, May 14, 2010.

The Aligato transaction gives the Company a competitive advantage regarding its move into the mobile payments space, where it feels that most e-commerce will be transacted in the future.

• Previous Cisco IBSG E-commerce Surveys have noted that amongst other industry highlights:
  • Mobile is a key growth channel http://newsroom.cisco.com/dlls/2008/ekits/Third_Annual_Cisco_IBSG_E_commerce_Survey.pdf and;
  • E-commerce is still growing despite the economy. (http://www.cisco.com/web/about/ac79/docs/pov/Cisco_ECommerce_POV_0722_FINAL.pdf)

As the Internet continues to take an ever-greater market share of global retail revenues, the payments industry must continue to innovate and adapt to the evolving needs of both consumers and businesses.

• According to forecasts made by research firm eMarketer, US retail e-commerce sales will jump by 12.7 percent year-over-year during 2010 and reach USD 152.1 billion. 92 percent of those surveyed by the e-tailing group predicted their 2010 e-commerce revenues would climb from last year, with 33 percent of respondents projecting an increase between 6 percent and 15 percent.
• In 2010, the number of US customers who will research products online is projected to reach 162 million, with 82 percent of online researchers, accounting for 133 million people, turning into online shoppers. Sales in the online travel sector will grow by 4.6 percent annually and total USD 92.5 billion in 2010. Online retail and online travel will register USD 244.6 billion in 2010, growing at a 9 percent compound annual rate from 2009 to 2014, the same source indicates.
• eMarketer also states that in the next two years, e-commerce growth is expected to continue at the same pace, indicating that the economy is on its road to recovery. By 2012, e-commerce sales are to jump to USD 189.9 billion, up 11 percent year-over-year.

These statistics combined with the opportunities presented in the mobile commerce channel and recent major industry moves by the likes of Google investing in Corduro -- a mobile payments start up (http://techcrunch.com/2010/05/03/corduro-google-ventures/) further strengthen the TrustCash opportunity, vision and market position as a leading provider of alternative and adaptable payment solutions for both the web and mobile. TAKE OUR ONLINE SURVEY Tell us where you want to use TrustCash at: http://www.trustcash.com/signup_consumer1.php. ABOUT TRUSTCASH The TrustCash™ platform delivers a sophisticated, comprehensive online payment processing system. 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.

Contact: TrustCash Holdings, Inc. Shareholder Communications Email Contact: Email Contact 1-800-975-5196