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NEWS
ConSyGen Signs Purchase Agreement with First Data Merchant Services
Corporation
Tuesday, January 4, 2000 03:08 PM
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TEMPE, Ariz., Jan. 4 /PRNewswire/ -- ConSyGen, (OTC Bulletin Board: CSGI),
www.consygen.com,
today announced the signing of a purchase agreement with First Data Merchant Services
Corporation
(FDMS), a subsidiary of First Data Corp. (NYSE: FDC, news, msgs), for the distribution of
ConSyGen's
counterfeit detection device, "Counterfeit COP."
Counterfeit COP verifies the authenticity of U.S. and foreign currency, credit cards, traveler's
checks,
driver's licenses, immigration cards, U.S. passports and many other documents. ConSyGen's
Counterfeit COP provides more protection, thoroughness, accuracy, and ease-of-use than any
other
unit or technique on the market today.
"This Agreement establishes the guidelines under which FDMS and its Affiliates will purchase
the
Counterfeit COP product from ConSyGen," said Jason Genet, ConSyGen's Vice President of
Business
Development. "It is a perfect fit with our continuous pursuit of larger reseller/distribution chains
and
expansion into international markets. Through recent restructuring, the Company has moved
from a
direct sales model to a reseller/distribution model for this line of business. The Company has
developed a network of over 60 resellers. This reseller network will be restructured in the near
term
under several master distributors."
On a further note, ConSyGen will host a conference call on corporate developments open to all
investors on Thursday, January 6th, 4:10 PM Eastern Standard Time. To participate, call (800)
377-4562 five minutes prior to the scheduled time. If investors are unable to participate during
the
scheduled call, the conference call will be available for playback until January 20th by calling
(800)
252-6030. Access code 5426818.
ConSyGen Inc. is a Tempe, AZ.-based company that provides Enterprise Computing Services
including
Year 2000 Solutions using its proprietary automated software technology and Business
Products
aimed at the counterfeit detection market. The Company is positioning itself for entry into the
E-Commerce Solutions, Knowledge Management Software, and Internet Services markets.
First Data Merchant Services is one of the nation's leading providers of electronic commerce
solutions
for hundreds of financial institutions and nearly two million businesses. FDMS offers a full range
of
processing solutions including credit, debit, check and pre-paid payments, along with
value-added
information and Internet-based services. For further information, visit firstdata.com.
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.
SOURCE ConSyGen, Inc.
CONTACT: Jason Genet of ConSyGen, Inc., 480-394-9100; or Tom Pikoulas of HKT Investor
Relations,
480-446-8640, for ConSyGen, Inc.; or Barbara Perduex of First Data Corporation,
516-391-7503
Quote for referenced ticker symbols: FDC, CSGIE, CSGI
© 2000, PR Newswire |
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