EXHIBIT 99.1

For Immediate Release

April 15, 2004

EQUITEX ANNOUNCES MERGER OF SUBSIDIARY CHEX SERVICES WITH SEVEN VENTURES, INC.

Transaction to Result in Chex Services Becoming Publicly Traded Company

Englewood, Colorado and West Palm Beach, Florida - Equitex, Inc. (NASDAQ: EQTX)
(the "Company") announced today that it has executed a definitive agreement with
Seven Ventures, Inc. (OTC/BB: SVVI) to merge its wholly-owned subsidiary, Chex
Services, Inc., into a wholly-owned subsidiary of Seven Ventures. Under the
terms of the merger agreement, Equitex will exchange 100% of its equity
ownership in Chex Services for 7,700,000 shares representing 93% of Seven
Ventures outstanding common stock following the transaction. As a result, Chex
Services will become a wholly-owned subsidiary of Seven Ventures, a publicly
traded company.

At closing, which is anticipated to occur in mid-May pending fulfillment of
certain conditions, a bridge loan will be consummated with MBC Global or its
affiliates whereby Seven Ventures will receive $400,000 through the issuance of
a convertible promissory note. The promissory note will be convertible into
4,000,000 shares of Seven Ventures common stock in stages under certain
criteria, including but not limited to: the execution and delivery of an
Advisory Agreement between Seven Ventures and MBC Global; the delivery to Seven
Ventures of a list of potential suitable merger or acquisition candidates; and
the execution of a significant acquisition with a target entity introduced to
the company by MBC Global. MBC Global is an international merchant bank with
principal offices in Chicago, Illinois.

Seven Ventures is a publicly traded company that will have no business
operations at the time of closing.

Equitex, Inc. is a holding company operating through its wholly owned subsidiary
Chex Services of Minnetonka, Minnesota, as well as its majority owned subsidiary
Denaris Corporation. Chex Services provides comprehensive cash access services
to casinos and other gaming facilities. Denaris was formed to provide stored
value card services.

The statements included in this press release concerning predictions of economic
performance and management's plans and objectives constitute forward- looking
statements made pursuant to the safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. These statements involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Factors which could cause or contribute to such differences include,
but are not limited to, factors detailed in Equitex's Securities and Exchange
Commission filings; completion of due diligence, shareholder approval,
regulatory approvals and certain other pre-closing conditions for all incomplete
merger or acquisition transactions; economic downturns affecting the operations
of Equitex its subsidiaries or companies proposed for merger or acquisition; the
loss of contracts or failure to acquire new contracts; success of any legal
actions; failure to successfully implement newly developed product lines
including projected increases in revenues or earnings; the termination of
previously announced acquisitions; delays or the inability to obtain regulatory
approvals for previously announced acquisitions; the inability to initiate or
complete any contemplated restructuring, offering, acquisition, disposition or
other transaction; adverse financial performance by Equitex or any of its
subsidiaries; failure to obtain or maintain regulatory approval for products and
services offered by Equitex or its subsidiaries; adverse equity market
conditions and declines in the value of Equitex common stock; and the
unavailability of financing to complete management's plans and objectives. The
forward-looking statements contained in this press release speak only as of the
date hereof and Equitex disclaims any intent or obligation to update these
forward-looking statements.

For Further Information Contact:
Thomas B. Olson, Secretary
(303) 796-8940