EXHIBIT 99.1
FOR IMMEDIATE RELEASE

June 8, 2004

EQUITEX AND CHEX SERVICES CLOSE MERGER WITH SEVEN VENTURES, INC.

Englewood, Colorado and West Palm Beach, Florida - Equitex, Inc. (NASDAQ: EQTX)
(the "Company") announced today that the transaction to merge its wholly-owned
subsidiary, Chex Services, Inc., into a wholly-owned subsidiary of Seven
Ventures, Inc. (OTC/BB: SVVI) has closed. As previously announced, Equitex
exchanged 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 has become a wholly-owned subsidiary of
Seven Ventures.

Equitex, Inc. is a holding company operating through its majority-wholly owned
subsidiary, Seven Ventures, Inc., which operates Chex Services of Minnetonka,
Minnesota. Chex Services provides comprehensive cash access services to casinos
and other gaming facilities under the trademark name "FastFunds"
(www.fastfundsonline.com). The Company also operates its majority owned
subsidiary, Denaris Corporation, which 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