Trustcash Reduces Debt by $1,075,000; Part of Effort to Boost Shareholder Value

* Reuters is not responsible for the content in this press release.

Wed Jun 24, 2009 5:26pm EDT 

  ATLANTA, GA, Jun 24 (MARKET WIRE) -- 
Trustcash Holdings, Inc. ("Trustcash" or the "Company") (PINKSHEETS:
TCHH) announces it has reduced its debt by approximately $1,075,000
(unaudited). This debt reduction is a major step forward in execution of
a plan to boost shareholder value.

    In the early stages of development and under previous management the
Company had accumulated over two million dollars ($2,000,000) in
liabilities including, Three Hundred and Seventy Five Thousand dollars
($375,000) ("unaudited") in bridge loans and a Seven Hundred Thousand
dollars ($700,000) ("unaudited") note payable.

    One Million Seventy Five Thousand dollars ($1,075,000) ("unaudited") in
debt was recently settled and the Company was released and forever
discharged from the note payable. The company continues to negotiate with
balance of its creditors and expects to restructure or settle
substantially all of the Company's debt obligations in the near future.

    About Trustcash

    Through its Trustcash brand and website (www.trustcash.com), Trustcash is
a pioneer of anonymous payment systems for the Internet. Trustcash
developed a business based on the sale of a virtual stored value card
that can be used by consumers to make secure and anonymous purchases on
the Internet. The company markets its Trustcash(TM) payment card, which
is sold in denominations ranging from $10 to $200 online. The
Trustcash(TM) card is the only "stored value card" produced where no
personal data is stored by or available to a vendor or merchant,
providing a unique level of both security and privacy to the purchaser.

    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
1-800-975-5196

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