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Last updated on April 18, 2014 at 6:20 EDT

SaveDaily, Inc. Takes Platform Processing to Next Level

July 11, 2012

SEAL BEACH, Calif., July 11, 2012 /PRNewswire/ — SaveDaily, Inc. (OTCBB: SAVY), the leading provider of low cost mutual fund investing platforms used by financial institutions, has recently agreed to relocate its platform to the Lightwave Data Center in San Diego operated by AIS (American Internet Services). AIS is an enterprise-class data center, cloud and managed services company known for its robust network, security and solutions engineering capabilities that help companies get the most out of their information technology initiatives. SaveDaily selected AIS for its unsurpassed security and award-winning redundancy for both primary and disaster recovery (DR/BCP) co-location setups, cost-effective transit and transport connectivity solutions over fiber, copper and wireless, as well as managed services such as geographic load balancing, Internet firewall security and remote data storage.

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“Our growth mandates that we take this step and bring our ability to scale to the next level,” stated Greg Vacca, SaveDaily President. “This move corresponds with our recent compliance initiative, as AIS has recently passed the SSAE 16 SOC 1 type 2 and SSAE 16 SOC 2 type 2 audit examinations for its San Diego and Phoenix enterprise-class data centers. Additionally, we are very confident that AIS will be able to keep up with our growth plans.”

SaveDaily has recently announced several marketing agreements with financial institutions and investor networks that are expected to add significant new customers to the company’s unique mutual fund investing platform.

Credit unions, banks, broker dealers and other financial service providers are adopting the SaveDaily platform to offer mutual fund investing to their customers at extremely low cost under their own trusted brand. For one low flat monthly charge, investors in mutual funds on the platform can have unlimited positions and unlimited transactions without transaction fees. There are no minimum amounts that have to be invested into any single fund, and investors can move in and out of funds at any time – at no additional cost.

“We have been working with SaveDaily, a pioneer in the field of paperless brokerage solutions, for two years and have seen first-hand how their business is taking off to the point where they needed to do a tech refresh,” said Tim Caulfield, chief executive officer at AIS. “It is a pleasure to have the opportunity to help SaveDaily’s IT team migrate their production environment to AIS where we’ll enable them to obtain the increased speed they desire along with the managed services they need so their IT can keep up with the demand for the investment services they offer.”

About SaveDaily, Inc.

SaveDaily offers investments and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform which has been in production for about three years, helping financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors. SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily conducts its business through its wholly owned subsidiary, SaveDaily.com, Inc., which is headquartered in Seal Beach, California and is a Registered Investment Advisor with the Securities and Exchange Commission. For more information, visit www.savedaily.com.

About AIS

AIS (American Internet Services) is an enterprise-class data center, cloud and managed services company known for its robust network, security and solutions engineering capabilities that help companies get the most out of their information technology initiatives. AIS operates secure, SSAE SOC2 compliant facilities in Los Angeles, San Diego and Phoenix, providing geographical diversity and redundant connectivity to create effective business continuity solutions. Expanding its portfolio into cloud services, AIS provides enterprise-grade, highly scalable Infrastructure as a Service (IaaS) alongside traditional managed services (load balancing, security and archiving). By maintaining a focus on leading-edge technologies, AIS has become a recognized leader in delivering cloud strategies for the Bioinformatics and Life Sciences industries. In business for over 20 years, AIS is privately held — backed by Seaport Capital, Viridian Investments, and DuPont Capital Management. For more information, visit http://www.americanis.net or call (866) 971-2656.

Forward Looking Statements

This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by SaveDaily may not proceed as contemplated, and by all other matters specified in SaveDaily’s filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. SaveDaily does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the SaveDaily’s filings with the Securities and Exchange Commission, including its recent periodic reports.

SaveDaily Contact:
Gregory Vacca
(562) 795-7000 ext. 1020

SOURCE SaveDaily, Inc.


Source: PR Newswire