COLORADO SPRINGS, Colo., Sept. 9, 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 chain of independent grocery retailers with franchises in 18 states from the Southeast and as far north as Wisconsin. The chain is an affiliate of a company that has been ranked as the 12th largest privately held business in the nation by Forbes magazine.
Starting in September and continuing over the next few fiscal quarters, PSI will begin rolling out deliveries of its Coupon Express kiosks to more than 100 stores in Illinois and Wisconsin.
Eric Kash, CEO of PSI Corp., said, "We are partnering with a prominent company with a strong market presence in these states. This is part of our exciting national rollout into new vertical and geographic markets, announced earlier this week. Our Coupon Express kiosks -- by providing in-store, on-demand customized couponing in multiple languages for instant redemption and reporting -- are revolutionizing the couponing industry and providing new convenience to shoppers and increased revenues to store owners and other small-business retailers."
Having tested and established Coupon Express kiosks in high-traffic, multilingual supermarkets in the New York City tri-state region, PSI is leveraging the systems integration expertise of its partner, Midax, Inc., to introduce its state-of-the-art couponing kiosks to supermarkets and independent convenience stores in various settings throughout the rest of the nation. Digital signage screens inform customers about products available for immediate discounts in the store, while providing unique advertising opportunities for national and local advertisers. For the store owner, the system tracks the number of dispensed coupons and calculates immediately the rebates that the store is due, enabling retailers to quickly determine the best price-points for new products and reduce losses from hard-to-sell items. Moreover, 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.
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.