LODI, Calif, July 21, 2005 (PRIMEZONE) -- PayStar InfoStations, Inc. a PayStar Corp. (Pink Sheets:PYST) division, is pleased to announce it has signed a five (5) year joint venture agreement with SMO Multimedia Corp., a subsidiary of Strategic Management & Opportunity Corp. (Pink Sheets:SMPP) to jointly market the EZpix photo kiosk and multiple products and services offered by both parent companies. Terms of the agreement afford for the immediate funding by PayStar to SMO Multimedia for the deployment of its US Military AAFES Photo kiosk project. This contract (announced May 16, 2005 by SMPP.PK) calls for the deployment of 118 of the companies technologically enhanced Photo kiosk units into 115 military installations (www.ezpixkiosk.com). PayStar will receive a fifty-percent (50%) interest in this Military project.
Strategic Mgmt. and PayStar's kiosk division have begun marketing each others technologies into their current customer bases. Ongoing Photo kiosk shipments now exceeded 16 deployments all across the country in both US Army Forts and Air Force Bases. The entire 118 photo kiosk deployment is anticipated to be completed within the next 60 days.
Each photo kiosk has anticipated Media (digital photo processing and specialty items, such as photo cups and T-shirts) revenues after market acceptance of approximately $4,000.00 per month. Additional revenues are made available by SMOC's innovative 17" LCD kiosk display header, which advertising agencies currently in negotiations with the JV partners have valued at over $1,000.00 per month in recurring ad revenue. That amounts to a healthy return on investment and when viewed within the five (5) year AAFES agreement perspective, results in a project forecast of potential revenues exceeding $35,000,000.00.
"As I have stated before, Strategic Management has clearly proven their best-of-breed technologies in the Digital Photo kiosk space with the award of this AAFES Military contract," commented W. D. Yotty, Chairman and CEO of PayStar. Mr. Yotty continued, "PayStar and SMOC's JV agreement has already resulted in identifying over 300 additional EZpix photo kiosk retail vending deployments in North America, all coming right behind this AAFES roll-out."
About PayStar
PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.