Pump and Dump: RLYC

Newsflash: spam touts sub-dollar stock; predicts massive gains in immediate future. Not news? Sorry. I'll just document the facts, then. Spam received from 210.213.226.24 (WHOIS: MyDSL_Professional -- apparently under the aegis of Philippine Long Distance Telephone Company) on Mon, 23 May 2005 04:00:22 +0000. The following blurb does not include the boring "forward looking statements" boilerplate.

The profile for the month of May is RLYC - Relay Capital Corporation

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Symbol: RLYC
Price: $0.25
Expected possible price in next 5 days: 75 cents
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Breaking News Announced : Relay Capital Corp. Retains Corporate Network for Joint Ventures and Acquisitions in the Stored Value Card Industry


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Symbol: RLYC
Price: $0.25
Expected possible price in next 5 days: 75 cents
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Relay Capital Corporation (RLYC) is a developer and marketer of a wide range of prepaid financial services, including pre-paid stored value cards, reward cards, employee payroll cards, gift, retail and affinity group cards, travel cards and fund transfer cards. It encompasses both the marketing and distribution of pre-paid and pay-transfer cards in concert with the development of loading centers. Loading centers are retail locations, such as convenience stores, check cashing facilities or other types of retail facilities serving to dispense or receive cash facilitating transactions for the stored-value card consumer.

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Symbol: RLYC
Price: $0.25
Expected possible price in next 5 days: 75 cents
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Breaking News: Relay Capital Corporation (RLYC) has retained Corporate Network of Los Angeles to identify and negotiate business joint ventures, acquisitions and partnerships within the stored value card industry. Several companies that currently hold transferable joint venture contracts have been identified by Corporate Network, and negotiations have begun on behalf of Relay Capital.
Corporate Network currently is negotiating on behalf of Relay Capital with Ascot Investments, Inc. (www.ascotinc.com) to acquire specific stored value assets held by the firm. The acquisition contracts under negotiation includes a firm registered with MasterCard as a Member Service Provider that has MasterCard and Maestro-ATM pre-paid re-loadable cards, and another company with over 40,000 retail loading stations throughout North America.
"Our goal is to provide Relay Capital with a wide range of the best possible solutions to offer their current and expanding client base," said Harold Gregg, CEO of Corporate Network. "We will continue to identify and execute agreements that provide Relay with new and expansive annuity based revenue streams that not only are in the stored value sector but at the forefront of communications and information technology."
Relay Capital anticipates that the successful acquisition of these contractual assets, will enable it to offer expanded payroll products as well as define a niche market for its private label stored value solutions. With Corporate Network's assistance, it expects to add new and expansive products linked to its card platform and provide its customers with a growing range of superior products and increased customer loyalty.



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