<SUBMISSION>
<ACCESSION-NUMBER>0001144204-06-023145
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20060526
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20060531
<DATE-OF-FILING-DATE-CHANGE>20060531
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ACIES CORP
<CIK>0001138462
<ASSIGNED-SIC>7371
<IRS-NUMBER>912079553
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-49724
<FILM-NUMBER>06877150
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>14 WALL STREET
<STREET2>SUITE 1620
<CITY>NEW YORK
<STATE>NY
<ZIP>10005
<PHONE>(800) 361-5540
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>14 WALL STREET
<STREET2>SUITE 1620
<CITY>NEW YORK
<STATE>NY
<ZIP>10005
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ATLANTIC SYNERGY INC
<DATE-CHANGED>20031008
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>TERENCENET INC
<DATE-CHANGED>20010416
</FORMER-COMPANY>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>v044630_8k.txt
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): May 26, 2006

                                ACIES CORPORATION
               (Exact Name of Registrant as Specified in Charter)

             Nevada                  000-49724             91-2079553
             ------                  ---------             ----------
        (State Or Other             (Commission          (IRS Employer
  Jurisdiction Of File Number)   Identification No.)     Incorporation)

              14 Wall Street, Suite 1620, New York, New York 10005
              ----------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

       Registrant's telephone number, including area code: (800) 361-5540

                                 Not Applicable
                                 --------------
            (Former Address, if changed since Last Report) (Zip Code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



<PAGE>



Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
          Appointment of Principal Officers.

      On May 26, 2006, Miron Guilliadov, the Vice President-Sales of Acies Corp.
(the "Company"), tendered his resignation as Vice President of the Company. The
Company is in the process of interviewing candidates to succeed Mr. Guilliadov
as Vice President-Sales and the Company plans to file a current report on Form
8-K when it appoints a successor to Mr. Guilliadov.

      A copy of the press release announcing the resignation of Mr. Guilliadov
as Vice President-Sales of the Company is being filed with this Current Report
on Form 8-K as Exhibit 99.1.


Item 9.01. Financial Statements and Exhibits.

      (d)   Exhibits

      Exhibit 99.1 - Press Release dated May 31, 2006.


<PAGE>


                                    SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                         ACIES CORPORATION


                                         By: /s/ Jeffrey A. Tischler
                                            ------------------------------------
                                         Name:  Jeffrey A. Tischler
                                         Title:  Chief Financial Officer

Dated:  May 31, 2006


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v044630_ex99-1.txt
<TEXT>

Exhibit 99.1

[COMPANY LOGO]                                             FOR IMMEDIATE RELEASE

                   ACIES CORPORATION ANNOUNCES RESIGNATION OF
                    MIRON GUILLIADOV, VICE PRESIDENT - SALES

NEW YORK - (BUSINESS WIRE) - May 31, 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 resignation of Mr. Miron Guilliadov, who has
elected to leave the Company to pursue other professional interests.

Acies' Chairman, Chief Executive Officer and President Oleg Firer stated, "Miron
has played a pivotal role in helping to establish Acies as an emerging leader in
the financial services industry. We would like to wish him well in all his
future endeavors."

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


</TEXT>
</DOCUMENT>
</SUBMISSION>
