TEL electronics, inc. Signs Three-Year Exclusive Preferred Manufacturer Agreement with Cendant Corporation
PR Newswire - June 02, 1999 08:17
AMERICAN FORK, Utah, June 2 /PRNewswire/ -- Stephen M. Nelson, President of TELS Corporation (OTC Bulletin Board: TELS), today announced that TEL electronics, inc., a wholly owned subsidiary of TELS Corporation, has signed a three (3) year exclusive Preferred Manufacturer Agreement with Cendant Corporation. Under the agreement, TEL electronics, inc. is exclusively marketed by Cendant as the supplier of call accounting systems to the franchisees of Cendant hospitality franchise brands and the resort owners and developers affiliated with Resort Condominiums International, LLC (RCI).
Comments from Sean Gunter, General Manager, TEL electronics, inc.
"Cendant Communications, a division of Cendant Supplier Services, Inc., has been TEL electronics, inc. ("TEL") top producing customer for the past seven years. This agreement will solidify our companies' relationship and marketing opportunities offering additional sales and marketing through channels such as RCI. TEL expects that this agreement will also align TEL with future strategic planning and product development which will continue to strengthen our position as the leader in the hospitality call accounting industry for many years to come."
Cendant Corporation is a global provider of consumer and business services. The Company's core competencies include building franchise systems, providing outsourcing solutions and direct marketing.
TELS Corporation through its subsidiaries, designs, builds, assembles, sells and services call accounting and other telecommunications systems. The Company also assembles electronic systems on a contract basis, as well as designs, sells and services computer software products.
For additional information contact TELS Corporation at 705 East Main Street, American Fork, UT 84003, Phone: (801) 756-9606, FAX: (801) 756-9135, website: telscorp.com.
SOURCE TELS Corporation
/CONTACT: Stephen M. Nelson, President, 801-756-9606, or Debbie Goodman,
Investor Relations, 801-756-9606 ext. 3303, both of TELS Corporation/
/Web site: telscorp.com
(TELS)
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