COLORADO SPRINGS, Colo., June 20, 2011 (GLOBE NEWSWIRE) -- PSI Corp. (Coupon Express) (Pink Sheets:PSCP) is pleased to announce the signing of a Master Lease Agreement with Yellow Box Leasing, LLC (YB). The terms of the agreement make available up to $1.25 million in equipment lease financing for Coupon Express Kiosks. Eric Kash, CEO of PSI Corp., remarked, "This vehicle gives us significant latitude in our business plan as it provides access to off balance sheet capital for our aggressive expansion plans. The ability to expand our number of Kiosks from 65 currently to over 300 during the life of the agreement gives us a great opportunity to expand our footprint."
"Coupon Express plans to install this equipment in supermarkets, convenience stores and pharmacies where it collects advertising and couponing revenues while offering retail customers' significant savings on everyday items. This financing comes at a particularly opportune moment as we have just signed a contract for deployment and advertising with one of the largest national food distributors," Eric Kash added.
Roger May, the managing member of Yellow Box Leasing, LLC, added, "We are confident in CE's ability to attract advertisers, retailers and users of this technology. We have done a fair amount of due diligence in this space and we believe that Coupon Express has demonstrated an ability to expand significantly and successfully -- evidenced by the execution of some very key contracts with major players in the marketplace."
Eric Kash also stated, "We have a confluence of a number of initiatives occurring right now at PSI/Coupon Express and believe that our interactive digital couponing technology combined with our deployment locations will enable us to successfully continue this expansion."
About PSI Corp.
PSI Corp. (PSI) (Pink Sheets:PSCP), operating as Pantel Systems, Inc., provides innovative interactive customer communications systems and applications that support targeted marketing programs with unique point-of-purchase (POP) services and information that serve shoppers and distributors while building loyalty and revenue for the Company's primary clients. Through its proprietary multifunction kiosks and services, PSI provides in-store customized couponing, in multiple languages, for immediate impact in regional, independent retailers in the grocery and convenience store industries, enabling retailers to quickly determine ideal price-points for new products and mitigate losses from hard-to-sell items. Through a joint marketing agreement with Midax, Inc., a leading systems integrator for the independent grocery and convenience store industries, PSI provides a seamless transaction for issuing, redeeming and reporting coupons, as well as creating a state-of-the-art loyalty program and shopping list service.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "hopes," "intends," "plans," "seeks," "will," and other terms with similar meaning, including, but not limited to, statements regarding the possibility of commitments for the Coupon Express from other national brands, creation of state-of-the art loyalty programs and the possibility of increased revenue. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
CONTACT: Eric Kash - CEO 914-371-2441 eric@couponexpressinc.com