EXHIBIT 99.1

                                                                            NEWS
                                                           FOR IMMEDIATE RELEASE


June 8, 2004


FOR FURTHER INFORMATION CONTACT:
Ijaz Anwar, Chief Financial Officer       or          Thomas B. Olson, Secretary
(952) 541-0455                                                    (303) 796-8940


    SEVEN VENTURES, INC. CLOSES MERGER WITH EQUITEX SUBSIDIARY, CHEX SERVICES


Minnetonka, Minnesota - Seven Ventures, Inc. (OTC/BB: SVVI) (the "Company")
announced today that the transaction to merge with Equitex's (Nasdaq: EQTX)
wholly-owned subsidiary, Chex Services, Inc., into a wholly-owned subsidiary
with Seven Ventures, Inc. 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.

Chex Services provides comprehensive cash access services to casinos and other
gaming facilities. The Company specializes in, and is the industry leader for,
full booth operations to Native American casinos. In addition to full booth
operations, the Company has developed a suite of cash access products for use in
the traditional gaming and retail markets. Chex Services markets its products
under the trademarked name FastFunds. Chex Services' website is located at
www.fastfundsonline.com.
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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 the Securities and Exchange
Commission filings of Seven Ventures, Inc. or its majority owned parent company
Equitex, Inc.; economic downturns affecting the operations of Seven Ventures 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 inability to initiate or
complete any contemplated restructuring, offering, acquisition, disposition or
other transaction; adverse financial performance by Seven Ventures or its
subsidiaries; failure to obtain or maintain regulatory approval for products and
services offered by Seven Ventures or its subsidiaries; adverse equity market
conditions and declines in the value of Seven Ventures 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 Seven Ventures disclaims any intent or obligation to update
these forward-looking statements.