Re: More from the "Just Because it's on BW Doesn't Make it True" File
Wednesday July 28, 9:16 am Eastern Time
Company Press Release
ConSyGen Receives First Major Counterfeit COP Order From Circle K Stores, a Division of Tosco Corp.
TEMPE, Ariz.--(BUSINESS WIRE)--July 28, 1999--ConSyGen (OTC BB: CSGI -news) Wednesday announced that it has received an agreement to provide its loss prevention product, the Counterfeit COP, to Tosco Corp.'s (NYSE: TOS - news) Retail Division, Circle K Stores.
Tosco, with annual revenues of over $12 billion, is one of the largest independent oil refiners and marketers of petroleum products in the United States. The retail division is one of the nations largest operators of company-controlled convenience stores with a network of over 5,000 retail locations.
Tosco recently conducted a test of the Counterfeit COP at one of its Circle K stores where approximately $2,000 per month in bad bills and travelers checks was passed on to the Circle K. Over the month long test period, Counterfeit COP reduced the amount of bad currency passed to zero losses.
Lewis Burridge, ConSyGen's chief executive officer and president stated, ''ConSyGen will provide the Counterfeit COP to Tosco's Retail Division through a series of purchase orders with progressively increasing volumes.
''ConSyGen's Business/Consumer Products Group will initially provide trial quantities to regional operations and train Tosco personnel in product usage as a value-added service. The schedule of deployment is currently being developed and we anticipate an approximate value of $475,000 for Tosco's retail network.''
Burridge further added, ''Through recent restructuring efforts we have modified the business model for our Business/Consumer Products Group to incorporate major resellers and direct corporate marketing.
''Although in the beginning stages, the new business model is returning very satisfying results. ConSyGen has signed over two dozen domestic and international distributors as well as generating significant interest at the corporate account level. Tosco is the first of several major corporate accounts expected to close deals in the near future.''
ConSyGen's ''Counterfeit COP'' provides more protection, thoroughness, accuracy, and ease-of-use than any other unit or technique on the market today. Counterfeit COP verifies the authenticity of U.S. and foreign currency, credit cards, travelers checks, driver's licenses, immigration cards, U.S. passports, casino chips, U.S. government checks, event tickets, etc.
To receive ConSyGen's press releases via email, please send an email request to: hktir-subscribe@egroups.com
ConSyGen Inc. is a Phoenix-based company that provides Enterprise Computing Services for Y2K Remediation, Enterprise and Client/Server Professional Services, and Business Products for Loss Prevention.
Note to Editors: Caution Regarding Forward-Looking Statements: Statements contained in this release other than statements of historical fact may be deemed to be ''forward-looking statements.''
Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those projected in such forward-looking statements.
Factors which could affect results include the development of competing or superior technologies, market awareness and acceptance of ConSyGen technology, overall market demand for conversion services, the company's ability to attract and retain qualified personnel and to protect its propriety information, and other risk factors set forth in the company's SEC filings.
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Contact:
ConSyGen Inc.
Steven M. Smith, 602/394-9100
www.consygen.com
or
HKT Investor Relations, 602/446-8640
hktir@aol.com
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Sounds like CSGI received an order from Tosco worth about $475K, right? Well....
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Thursday July 29, 3:35 pm Eastern Time
Company Press Release
Clarification of ConSyGen Provision to Supply Counterfeit Detection to Tosco
TEMPE, Ariz.--(BUSINESS WIRE)--July 29, 1999--ConSyGen (OTC BB: CSGI - news) announced Wednesday that it had received an agreement to provide its loss prevention product, the Counterfeit COP, to Tosco Corp's (NYSE: TOS - news) Retail Division, Circle K Stores.
In the interest of absolute factual disclosure ConSyGen states that no such agreement has been reached between the two organizations. As stated in the previous release by Lewis Burridge, ConSyGen's CEO and president, ''ConSyGen is to initially provide trial quantities to regional operations and train Tosco personnel in product usage.''
Any further activity related to the supply of the Counterfeit COP to Tosco's Retail Division network would be through a series of purchase orders. Deployment schedules have not been negotiated or developed and the amount of monetary commitment by Tosco Corp's Retail Division, Circle K Stores for the COP system has not yet been determined.
ConSyGen Inc. is a Phoenix-based company that provides Enterprise Computing Services for Y2K Remediation, Enterprise and Client/Server Professional Services, and Business Products for Loss Prevention.
Note to Editors: Caution Regarding Forward-Looking Statements: Statements contained in this release other than statements of historical fact may be deemed to be ''forward-looking statements.''
Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from those projected in such forward-looking statements.
Factors which could affect results include the development of competing or superior technologies, market awareness and acceptance of ConSyGen technology, overall market demand for conversion services, the company's ability to attract and retain qualified personnel and to protect its propriety information, and other risk factors set forth in the company's SEC filings.
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What a classic phrase: "in the interest of absolute factual disclosure". Gee, darn good thing BW doesn't require "absolute factual disclosure" in their PRs or else CSGI might find themselves in a lawsuit for lying to them.
Maybe BW should add their own disclosure to their PRs: "BW doesn't bother to check the accuracy of its PRs but we reserve the right to sue anyone for calling attention to this, and say their motivation was a publicity stunt to promote their web site so we can avoid that pesky anti-SLAPP provision."
- Jeff |
