Exhibit 99.1

[Acies Corporation Logo]

                           ACIES CORPORATION NAMES NEW
                   SENIOR VICE PRESIDENT - SALES AND MARKETING

            Harrison Fisher, Noted Banking Industry Veteran, to Lead
              National Sales Teams and Business Development Efforts

NEW YORK - (BUSINESS WIRE) - May 15, 2006 - Acies Corporation (OTCBB:ACIE), a
financial services company that specializes in providing payment processing and
online banking services to small, medium and large-size merchants across the
United States, today announced the appointment of Harrison Fisher as the
Company's Senior Vice President - Sales and Marketing. Reporting directly to
Acies' President and CEO, Mr. Fisher is charged with developing and executing
sales and marketing strategies, initiatives and programs designed to promote
sales growth, maximize sales team productivity and drive new business
development. He will lead both the Company's internal sales force, as well as
its national network of Independent Sales Organizations and independent sales
agents.

"We are very pleased to welcome Harrison to Acies' management team. With a
proven and impressive track record for building dynamic, powerful sales teams
within the financial services arena, we are confident that he will play a
significant role in helping Acies to accelerate its growth and rapidly achieve
greater market penetration," stated Oleg Firer, President and CEO of Acies
Corporation.

Prior to joining Acies in May 2006, Mr. Fisher spearheaded and developed
national sales teams largely at JPMorgan Chase & Co. over a period spanning
nearly 20 years. In the newly created position of Senior Vice President-Sales
and Marketing, Mr. Fisher is responsible for developing and executing sales and
marketing strategies, initiatives and programs that promote sales growth,
maximize sales team productivity and drive new business development. He leads
both the Company's internal sales force, as well as its national network of
Independent Sales Organizations and independent sales agents.

While most recently serving as Vice President in charge of Small Business in the
East Coastal Market at JPMorgan Chase & Co., he oversaw daily general and sales
management, marketing, finance and overall operations of Small Business Banking
for New Jersey, Florida and Staten Island, New York, and is credited for the
successful turnaround of this market's operations. As Chase Merchant Services
Small Business Director, sales significantly increased under his leadership.
Prior posts at JPMorgan Chase included National Direct Sales Manager, and
Regional Sales Manager responsible for the Manhattan Region, where he
successfully developed sales forces and grew revenue. Mr. Fisher is a graduate
of Hofstra University where he earned a Bachelors degree in Business.

Commenting on the appointment, Fisher noted, "When the Acies management team
shared with me their vision for the Company's future, I saw an exciting
opportunity to leverage my experience and expertise to help Acies achieve its
objective of aggressive yet intelligent growth . I'm thrilled to be on board and
expect our association to be very productive and rewarding."


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About Acies Corporation (pronounced "ay-see-us")

Headquartered in New York City, Acies Corporation is a financial services
company that, through its wholly owned subsidiary, Acies, Inc., specializes in
providing payment processing and online banking services to small, medium, and
large-size merchants across the United States. Acies' payment processing
services enable merchants to process Credit, Debit, Electronic Benefit Transfer
(EBT), Check Conversion, and Gift & Loyalty transactions. Acies also offers
traditional and next-generation point-of-sale (POS) terminals, which enable
merchants to utilize Acies' payment processing services. Acies' banking services
offer customers traditional banking services and the ability for customers to
apply for an online bank account and pay bills electronically. For more
information, visit http://www.aciesinc.com.

"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, including the risk factors in its
form 10-KSB for the year ended March 31, 2005. 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.

                      FOR MORE INFORMATION, PLEASE CONTACT:
                          Dodi Handy, President and CEO
                      Elite Financial Communications Group
                   407-585-1080 or via email at acie@efcg.net

