Finally! A news release and it all looks great!
PSI Corp.'s Coupon Program Makes Progress
Press Release
Source: PSI Corp.
On 1:45 pm EDT, Monday October 26, 2009
Buzz up! 0 Print.Companies:PSI CORPORATION
COLORADO SPRINGS, Colo., Oct. 26, 2009 (GLOBE NEWSWIRE) -- PSI Corp. (Pink Sheets:PSCP - News), operating as Pantel Systems Inc., (the "Company" or "PSI") operates a full service multi-functioning kiosk in various supermarket locations in New York City. For the past six months, the Company has focused on the development of its advertising and coupon dispensing technology function from its kiosks. David Foni, the Company's Chief Executive Officer, stated, "PSI's multi-functioning kiosk is unique for its multiplicity of capabilities and now has succeeded in raising coupon redemption rates in excess of 20% for its supermarket coupons versus the supermarket industry average of 1.4% redemption rate for free standing inserts. The key reasons for the success of the program is the products being offered are all from major consumer product good companies, there are meaningful discounts on the offerings, there are visual ads being shown on the kiosk's LCD screen in the supermarkets and equally important the supermarkets are receiving a 100% realization from the coupons being redeemed within 30 days."
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PSCP.PK 0.09 +0.01
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Mr. Foni continued, "We have demonstrated strong results at Key Foods, National Supermarkets Association and now this week entering Met Foods. PSI has shown that in the complex, ethnically diverse community of New York City, coupons are very important to everyday supermarket business. The Company is in advance discussions with several other large New York City based supermarket chains which it hopes will prove fruitful. We anticipate additional expansion both in New York and surrounding states in the first quarter of 2010. Additionally, we intend to file patents, and add new couponing features including mobile texting and loyalty card programs to the kiosks."
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 E-Banking Kiosks Supermarkets and Deep Discount Retailers.
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 discussions with large supermarket chains, expansion into states surrounding New York, the filing of patents and the adding of new features to its kiosks. 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.
