HACKENSACK, N.J.--(BUSINESS WIRE)--Aug. 24, 2000--ObjectSoft Corporation (Nasdaq Small Cap: OSFT) announced today that its interactive FastTake(R) video kiosks would be debuting in 9 Wal-Mart stores (NYS: WMT) across the country by the end of October, 2000.
The installation in the Wal-Mart stores is part of a program offered by Serendipity Leasing Corp. ("Serendipity") whereby Serendipity installs mini Blockbuster Inc. (NYSE: BBI) video outlets in select store locations.
The FastTake kiosks run movie trailers which introduce the retail audiences to movies they are considering renting or buying. These kiosks also allow the users to search for movies based on minimum information such as partial title, name of actor, subject, theme etc., even when they don't know the exact title.
George J. Febish, President and Co-CEO, said: "This marks another milestone in the history of the Company's development and in the acceptance of FastTake. The introduction of this sleek, smart, hi-tech and user friendly product in one of the most recognizable retail chains in the world shows that FastTake is quickly gaining acceptance nationwide. We are proud to be working with Serendipity Leasing (Blockbuster) and Wal-Mart on this project."
Through the agreement with Serendipity, the FastTake kiosks will be installed in Wal-Mart's stores in the following locations: Georgetown, SC; Douglas, GA; Brooksville, FL; Murray, KY; Belen, NM; Billings, MT; Great Falls, MT; Helena, MT and Chubbock, ID.
About ObjectSoft
Founded in 1990, ObjectSoft Corporation provides information and service through public access kiosks. The Company's products, FastTake(R) and SmartSign kiosks, enable organizations to interact with the general public in high density pedestrian traffic areas, and allow the general public to search, review and purchase movies and other goods and services from the kiosk. There are currently 145 FastTake(R) units installed and operational in the U.S. and another 109 units are in the process of being installed. By October 2000, a total of 430 kiosks are expected to be installed. The Company plans to introduce an additional 700 units by the end of 2000. ObjectSoft is a publicly held company listed on Nasdaq. For more information on ObjectSoft, visit its website at objectsoftcorp.com.
This press release contains certain forward-looking statements concerning ObjectSoft Corporation, which are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, ObjectSoft Corporation not securing sufficient profitable locations for its kiosks, securing sufficient funding on favorable terms, continuation of the Company advertising contracts with DoubleClick and others as well as risks and uncertainties discussed in the Company's Registration Statements on Form SB-2 and Form S-3, its Quarterly Reports on Form 10-QSB and its Annual Reports on Form 10-KSB on file with the SEC and other filings made with the SEC from time to time.
CONTACT:
The Investor Relations Group, New York
Investor Relations:
Juan Dominguez, Dian Griesel, Ph.D., 212/736-2650 |
