Cynergy Data And Star Capital Announce Partnership

Online, April 2, 2010 (Newswire.com) - New York, April 1, 2010 -Cynergy Data, LLC ("Cynergy Data"), a leading provider of transaction processing services and innovative back office technology and Star Capital Holdings Corp ("Star Capital"), an industry leading private capital investment firm with multiple investments in the payment industry, announce a strategic partnership agreement.

Under the terms of the agreement, Star Capital and Cynergy Data will form a Service Company which will operate as a centralized shared-resource company for Merchant Processing Services ("MPS"), Card Payment Systems of NY ("CPS"), Wave Payment Systems, Process Pink Payments, Business Payment Systems, Acies, Hospitality Payment Solutions, Tribul Merchant Services and Second Source. The Service Company will utilize Cynergy Data's award winning account servicing platform ("VIMAS") to centralize critical business functions, which include existing and future strategic relationships, processing platforms and leverage internal talent into a shared-resource within the Service Company. The partnership is an exclusive, multi-year shared services agreement which will utilize products and services of Cynergy Data to facilitate Star Capital's focus on exploring opportunities within the payment processing industry.

"We are thrilled to expand our relationship with this forward-thinking investment company" said Randy McCoy, CEO of Cynergy Data . "Star Capital is making a great mark in the industry by acquiring selective ISO's with well-managed sales engines and steady growth. We are confident that the experienced leadership of Star Capital and their ISO companies will continue their growth in the industry and emerge as one of the nations largest and most successful ISO's" .

Commenting on the announcement, Oleg Firer, Co-Chairman of Star Capital said "We are impressed with Cynergy Data's product offerings, as well as its robust platform that provides unparalleled support and back office efficiency. Furthermore, it delivers on our promise to our ISO companies to stream line back office support and improve profitability through the application of leading technology."

In what both firms anticipate being a long-term, mutually beneficial relationship, Cynergy Data will continue to develop products and solutions to support Star Capital's diverse ISOs, with a focus on unique tools and product differentiation
For more information about Cynergy Data products and services, please call (800) 933-0064 ext. 5140 or email sales@cynergydata.com.

About Star Capital:
Star Capital Holdings Corp ("Star Capital") is a Miami, Florida based private capital investment firm focusing on the business services sector, including significant investments in the payment processing industry. Star Capital's team of professional possesses all of the core competencies of a traditional corporate management team.

Star Capital's portfolio of companies in the payment processing industry currently serves over 35,000 merchants processing over $3.6 billion of transactions in the United States.

To learn more about Star Capital, please visit http://www.starcapitalfund.com

About Cynergy Data:
A leading provider of secure transaction processing services and innovative back office technology, Cynergy offers products and services that enable its partner sales organizations to bring leading edge payment products to their merchant customers while eliminating significant back office costs. Launched in 1995, Cynergy Data manages a portfolio of over 120,000 merchants, with processing volumes exceeding $13 billion annually. http://cynergydata.com

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Contact:
Star Capital Holdings Corp
Oleg Firer, Co-Chairman
(786) 923-0523
oleg@starcapitalfund.com

Cynergy Data, LLC
Randy McCoy, Chief Executive Officer
(678) 867-6016
ceo@cynergydata.com