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This just out...stock 1.00/1.06..Flemming is BIG:
(PR Wires) PRW: ATS Money Systems, Inc., to Provide In-Store Cash Manag
PRW: ATS Money Systems, Inc., to Provide In-Store Cash Management Systems to
Fleming Companies
ENGLEWOOD, N.J., Aug. 3 /PRNewswire/ -- ATS Money Systems, Inc., (OTC
Bulletin Board: ATSM) announced today that it has entered into an agreement
with the Fleming Companies, Inc., to provide in-store cash management
systems through its Retail Financial Services Group. The Retail Financial
Services Group offers comprehensive financial services and programs to more
than 3,000 affiliate supermarkets. The Retail Financial Services Group,
after extensive evaluation has endorsed and will offer a new program
featuring the ATS-601 Digital Counting Scale, ATS Manual MICR Check Encoder,
ATS PowerEncode Check Encoder and the ATS-CP4000 Cash Office. These systems
cut the cost associated with a store's cash and check processing.
The Fleming Companies, headquartered in Oklahoma City, Oklahoma, with annual
revenues of over $15 billion, is the nation's #2 wholesale food distributor.
Fleming Companies supplies national-brand and private-label food and
general merchandise products to more than 6,500 retailers (including more
than 3,000 supermarkets). Mr. James H. Halpin, Executive Vice President of
ATS Money Systems, Inc., commented, "We are pleased to add the Fleming
Companies to the ATS supermarket client list and are excited about working
with Fleming's Retail Financial Services Group in providing cost-cutting
in-store cash management system to its affiliate stores."
ATS Money Systems, Inc., has systems installed in major retailers such as:
Target Stores, T. J. Maxx, The Home Depot, The Kroger Company, Ames
Department Stores, Wendy's, and Carson Pirie Scott & Co.
ATS Money Systems, Inc., is engaged in the development, sales and service of
currency counting systems running on DOS, UNIX, Windows 95 and Windows NT
platforms for department and chain store cash offices. The wholly-owned
subsidiary, Innovative Electronics, Inc., is a major supplier to the retail
marketplace, providing an end-to-end solution that integrates point-of-sale,
in-store processing and host applications in a distributed computing
network.
Statements made in this Press Release, other than those concerning
historical financial information should be considered forward-looking and
subject to various risks and uncertainties. Such forward-looking statements
are made based on management's belief as well as assumptions made by, and
information currently available to, management pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. The
Company's actual results could differ materially from those expressed in or
implied by such forward-looking statements as a result of a variety of
factors, including among others, those identified in the Company's Annual
Report on Form 10-KSB for the fiscal year ended December 31, 1998. A copy
of such Annual Report is obtainable from the EDGAR database Internet web
site maintained by the Securities and Exchange Commission at
http:/www.sec.gov/edgarhp.htm. Additional factors that could cause or
contribute to such differences include general economic conditions, economic
conditions in the industries in which the Company's customers compete, a
determination by the Company's customers to prolong the test cycles of the
company's equipment, software and software support services and a
determination by the Company's customers to modify or change their
underlying computer and cash reporting systems. The Company undertakes no
obligation to release publicly the results of any revisions to its
forward-looking statements that may be made in this Press Release to reflect
events for circumstances occurring after the date of this Press Release or
to reflect the occurrence of other unanticipated events.
/CONTACT: Gerard F. Murphy, President and CEO of ATS Money Systems, Inc.,
201-894-1700, or fax, 201-894-0958/
10:21 EDT
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