Wall Street Stock Market Alert: AMDS Believes Record Breaking 75% Increases in Monthly Revenues Are Coming Through Well Known Banking Veterans! MEMPHIS, Tenn., Oct. 20 /PRNewswire-FirstCall/ -- American Merchant Data Service, Inc. (Pink Sheets: AMDS) continues to bring aboard well-known solid electronic processing marketing executives to grow revenues beyond expectations. Mrs. Marty White recently joined AMDS as Director of the Independent Sales Organization (ISO) Marketing Division. Mrs. White is in addition spearheading the Bank Division bankcard marketing team. Mrs. White, while at Concord EFS, which was just bought out by First Data, parent of Western Union, for $7 billion, held a senior management position in the Northeast Region Retail Sales Division. Mrs. White is continuing the company's goal designed by Mr. Bert Adcock, AMDS President and CEO, maintaining a debt free and cash flow positive status. Mrs. White's specialty of working to bring aboard the BEST of the BEST for the AMDS Independent Sales Organization (ISO) Division will continue the performance of the revenues AMDS has shown in consistent revenue month-to- month 50% growth rate. AMDS is continuing to be aggressive in their "back to basics" approach to the marketplace of electronic processing on a national scale by keeping to their strategy of bringing in the finest veterans in their fields of expertise. Mr. Bert Adcock, President and CEO, explained, "To bring in the very best and highest quality of marketing veterans of the electronic processing business is a very dedicated goal of AMDS and Mrs. Marty White is now a very valued member of our top senior management team who we will look to grow strong revenues for our shareholders' value over the future of this growing and dynamic corporation." Recently, AMDS announced revenue increases over their last year of 620% or about 50% a month, holding to AMDS's goal of increasing revenues on a month- to-month basis. Mr. Adcock said, "AMDS believes, very shortly, shareholders will be very happy with monthly revenues increasing at a rate of 75% a month up from 50% a month." Mr. Adcock also stated, "I believe we are raising our target price to $2.75 to $3.50 from $2.00 to $3.00 with revenues continuing in a strong upward trend." Contact: C. Wilson for American Merchant Data Service, Inc. 561-367-8545 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: American Merchant Data Service, Inc. CONTACT: C. Wilson for American Merchant Data Service, +1-561-367-8545,

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