COLORADO SPRINGS, Colo., Aug. 1, 2011 (GLOBE NEWSWIRE) -- PSI Corp. (Pink Sheets:PSCP), /Coupon Express Inc. is pleased to provide an update on its expansion of deployments and new business initiatives.
First Order Placed with Yellow Box Leasing, LLC
Last week PSI Corp. placed its first order with Yellow Box Leasing, LLC for 25 Coupon Express kiosks. The initial order is targeted for deployment to a Southeast chain of supermarkets owned by our previously announced marketing partner/distributer. "A regional plan is being finalized with this well-known group and we expect our footprint to expand significantly from this initial deployment," stated Eric L. Kash, CEO of PSI Corp. "This order will permit the kiosks to be built, installed and activated during the 4th calendar quarter."
Roger May, Manager of Yellow Box Leasing added, "We are excited to get our first order placed in this space and look forward to adding to our portfolio with PSI in the very near future. We have evidence of significant traction in the demand for the equipment as the result of the sales efforts of PSI, their partners and associates."
Expansion into Southern California
Coupon Express has developed a cohesive business relationship with Co-Sales of California. Co-Sales is the leading independent grocery broker in the Southwest with over 100 years experience. Co-Sales has direct relationships with all major chains and Independent retailers in their marketing area.
Steve Horowitz, president of Co-Sales Southern California remarked: "We will be initiating Coupon Express' first deployment with a Southern California chain of supermarkets. I believe with Coupon Express' ease of use and dynamic technologies, in-store couponing will be adopted quickly in many of the supermarket chains we serve. We have received very positive responses from several retailers and they are excited to go forward with the rollout of the couponing/ad programs."
Beyond Supermarkets
Coupon Express is proud to announce that its first drug store location is being expanded to five locations in the Southern Florida Market. Eric Kash said, "We have proven success in the drug store market and plan on continued growth in this vertical-strengthening our Kiosk's awareness and effectiveness beyond the grocery store application."
Coupon Express is pleased to announce that they will be entering the convenience store market with two separate beta markets in August. Eric Kash commented, "With over 150,000 locations in the United States the convenience store business presents a significant potential market for Coupon Express kiosks. Our beta deployments include one with a chain of 500+ convenience store/ fuel stations and a second with a convenience store chain with over 20 locations. These sites will feature an all-electronic integration with an array of offers designed to deliver a paperless coupon experience."
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.