Article: Equitex Subsidiary Chex Services Announces Reseller Agreement with Wells Fargo Bank.

Business Editors

ENGLEWOOD, Colo. & PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Feb. 20, 2004

Equitex, Inc. (Nasdaq:EQTX) announced today that its wholly owned subsidiary Chex Services, Inc. has completed a Reseller Agreement with Wells Fargo Bank for a point of sale electronic check conversion service. This agreement places Chex Services at the forefront of the electronic check conversion industry with its ChexGuard product, which interacts with the banking Industry through transactions with Wells Fargo.

In developing ChexGuard with Wells Fargo, Chex Services has installed and tested the product with seventeen accounts. The test results ...

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