COLORADO SPRINGS, Colo., Nov. 16, 2009 (GLOBE NEWSWIRE) -- PSI Corp. (Pink Sheets:PSCP), operating as Pantel Systems, Inc., today announced that The Egan Group, through its subsidiary MVMC, has executed a purchase order for 40 multi-function kiosks to be installed at a number of large supermarket chains in New York City and surrounding areas by January of 2010.
These multi-function kiosks will be capable of printing on-demand coupons, redemption of text-messaged and loyalty card coupons, distribution of long distance phone cards and will permit select bill paying at MET FOODMARKETS, D'Agostinos, Key Food, the National Supermarkets Association, and additional prominent New York City supermarkets.
David Foni, Chief Executive Officer of PSI Corp., stated, "This is a landmark event for PSI Corp., as it validates the success we have experienced to date. PSI plans to expand its roster of advertisers with additional large national brands in December."
Bob Egan, Founder and President of The Egan Group, added, "This milestone of this joint-venture purchase order is a direct result of our confidence in PSI Corp. We have seen first hand the level of dedication and success generated with PSI's programs. The Egan Group will be responsible for installation and servicing of the kiosks. In addition, I anticipate that additional expansion will occur in an expedient way as PSI and The Egan Group are co-marketing to additional locations."
About PSI Corp.:
PSI Corp., operating as Pantel Systems, Inc., provides interactive customer communications systems and applications that support the targeted marketing programs at point of purchase (POP) service and information. The Company has two vertical markets for its Multi-Function Kiosks in Supermarkets and Deep Discount Retailers.
The Egan Group and its subsidiary MVMC are a large security and money management company servicing 8000 ATM locations for banks, credit unions and ISO retail ATM providers located throughout the tri-state and surrounding areas within the Northeast Region, and is complemented by a traditional armored service provider, Armored Money Services.
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 statements regarding the expansion of its roster of advertisers. 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.