COLORADO SPRINGS, Colo., Sept. 7, 2010 (GLOBE NEWSWIRE) -- PSI Corp. (Pink Sheets:PSCP), operating as Pantel Systems, Inc. ("PSI" or "the Company"), today announced a joint marketing agreement with a leading national organization to provide PSI's innovative customized couponing kiosks to convenience stores, petroleum locations and similar C-store outlets nationwide.
Coupon Express kiosks have previously been established in leading supermarkets throughout the New York City tri-state region. This latest marketing agreement – with one of the nation's fastest growing convenience-store service organizations – signals the start of PSI's broad national rollout into new vertical and geographic markets, with Coupon Express kiosks scheduled to be placed in 600 well established C-stores nationwide in 2011.
A national merchandising and marketing company for independent, single and multiple-site retailers, the partner organization services thousands of convenience stores, petroleum locations, truck stop-travel plazas, auto repair shops, college book stores, independent drug stores, tobacco outlets and liquor stores throughout the country – benefiting its members by selecting, negotiating, implementing and tracking the best vendor programs on their behalf.
Coupon Express kiosks will provide independent convenience stores with the same state-of-the-art capabilities benefiting city supermarkets. Using the innovative Point of Sale technology of PSI's partner, Midax, Inc., the kiosks provide in-store, on-demand customized couponing in multiple languages, for immediate impact, enabling retailers to quickly determine ideal price-points for new products and mitigate losses from hard-to-sell items. The kiosks not only instantly issue, redeem and report coupons, they can also link them to a paperless loyalty card program that provides automatic deductions at checkout.
Eric Kash, CEO of PSI, Inc., stated, "We are very excited to announce this important new step in expanding the national reach of the Coupon Express kiosks. Our innovative kiosks and software technology are beginning to revolutionize point-of-purchase services and information for the nation's independent grocery and convenience stores. In this difficult economy, they uniquely enable small businesses to build a new level of customer loyalty and achieve greater efficiency and profitability."
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.
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