NEWS NEWS
Thursday January 6, 9:02 am Eastern Time
Company Press Release
SOURCE: ConSyGen, Inc.
ConSyGen Signs GMS as Master Distributor
TEMPE, Ariz., Jan. 6 /PRNewswire/ -- ConSyGen (OTC Bulletin Board: CSGI - news) www.consygen.com announced today that it has signed GMS Auditing & Consulting Services as a master distributor of the Company's counterfeit detection device, ''Counterfeit COP.'' Under the agreement GMS will order a minimum of 20,000 units valued at approximately $1.1 million over the next 12 months.
GMS will market the Counterfeit COP directly to its existing and potential customer base of Fortune 1000 companies, Affinity Groups, and well-established Internet affiliate and partnership programs as protection against loss due to the passing of counterfeit currency and other forms of monetary exchange. GMS Auditing & Consulting Services was established in 1994 as expense reduction and analysis consultants for medium to large corporations.
Jason Genet, ConSyGen's Vice President of Business Development states, ''GMS Auditing is exactly the kind of Distributor we have been targeting. The relationship is indicative of the results being gleaned from ConSyGen's recent restructuring of the Business and Consumer Products Group's business model. By utilizing domestic and international reseller chains we tap into very large, established markets by partnering with organizations with existing sales forces. This permits the movement of product in bulk while dramatically reducing cost to the company. This agreement along with the recently announced purchase agreement with First Data Merchant Services Corporation (FDMS), a subsidiary of First Data Corporation, are the first of what we anticipate to be a series of many rewarding distribution relationships.''
Conference Call Reminder
ConSyGen is hosting a conference call today at 4:10 PM EST open to all investors to discuss the latest corporate press releases and anticipates a future conference call on all corporate developments at a later date. To participate, call (800) 377-4562 five minutes prior to scheduled call. 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 using 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.
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.
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