COLORADO SPRINGS, Colo., July 15, 2010 (GLOBE NEWSWIRE) -- PSI Corp. (Pink Sheets:PSCP), operating as Pantel Systems, Inc. ("PSI" or "the Company"), today announced a number of recent corporate updates.
Through its joint marketing initiative with Midax, Inc., announced in May 2010, the Company is poised to deliver, over the next several weeks, its proprietary point-of-purchase (POP) Coupon Express kiosks to an additional 20 leading New York City supermarkets. Midax prominently features this relationship with PSI on the front page of its current newsletter to its more than 2500 customers.
In addition, the Company's network of national, regional, local and micro-brand advertisers is steadily growing. Midax, a leading systems integrator for the independent grocery and convenience store industries, has pre-existing integration agreements with the three major national point-of-sale (POS) companies, providing access to a large number of major advertisers, expanding PSI's potential customer base and the deployment of its kiosks to new markets.
Through PSI's three sets of patents pending for software applications, the Company's multi-function kiosks and services provide in-store customized couponing, in multiple languages, for immediate impact in regional independent retailers in the grocery and convenience store industries. These in-store point-of-purchase coupons enable retailers to quickly determine ideal price-points for new products and mitigate losses from hard-to-sell items.
Through its relationship with Midax, Inc., PSI offers a seamless transaction for issuing, redeeming and reporting coupons, as well as creating what the Company believes to be a state-of-the-art loyalty program and shopping list service. Coupon Express kiosks can provide advertisers and store owners with electronic sales reports within 6 minutes, compared to the standard couponing report system that takes an average of 100 days. Moreover, Coupon Express provides a redemption rate of nearly 30%, compared to the standard industry rate of 1.4% for traditional coupon mediums.
The Coupon Express system also provides a "paperless" couponing option wherein advertiser-created coupon offers are tied to an existing loyalty card program. Coupons are "attached" to a customer's card at the front of the store when their selections are made, and redeemed instantly during checkout.
In addition to business development, PSI Corp. has filed all of its Annual and Quarterly Reports (10Ks and 10Qs), making it fully current with all financials.
Eric Kash, CEO and CFO of PSI, stated, "In the past six months, we, as a Company, have strengthened our business in significant ways. We have revised our management team, become fully current with our financials, and are prepared to move forward with full transparency. Our joint marketing agreement with Midax, Inc. supports and expands our outreach to new customers and new markets. With these developments in place, we expect to report increased revenues in the fiscal quarters ahead and anticipate new growth for our shareholders."
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 a state-of-the art loyalty programs and the possibility of increase 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.