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Monday August 27, 6:30 am Eastern Time
Press Release
SOURCE: Category 5 Technologies, Inc.
Category 5 Technologies, Inc. Enters Into Strategic Partnership With Extra Space Storage, Inc.
SALT LAKE CITY, Aug. 27 /PRNewswire/ -- Category 5 Technologies, Inc. (OTC Bulletin Board: CFVT - news), a leading provider of marketing tools and commerce enabling technologies for small to medium sized businesses, today announced it has entered into a long-term payment processing partnership with Extra Space Storage of Salt Lake City, Utah.
Through its wholly-owned subsidiary ePenzio, Inc., Category 5 will provide real-time and secure bankcard processing, reporting and fraud management for all of Extra Space Storage's facilities across the United States. Currently, Extra Space owns and operates over 80 properties, and is rapidly expanding. Extra Space selected the Category 5 solution following a comprehensive review of real-time, secure payment processing options.
``We view this relationship as an excellent opportunity to expand our sophisticated merchant services into a new vertical across the country,'' stated Matt Greene, Executive Vice President of ePenzio. ``We have successfully proven our ability to satisfy the demands of small to medium sized businesses over the past two years. The relationship with Extra Space Storage further demonstrates the scalability of our business model and our ability to meet the specific needs of even larger businesses.''
``We are particularly proud that Extra Space Storage has chosen us over many payment processing alternatives,'' said Mitchell Edwards, CFO of Category 5. ``It validates the scalability and reliability of our products and services. Moreover, Extra Space has exhibited incredible growth, which we believe is sustainable. We will provide our world-class services and technology as they expand throughout the United States.''
About Category 5 Technologies
Category 5 Technologies is a leader in using technology to make small and medium-sized businesses more efficient in their marketing and profitable in their operations. The Company provides marketing tools and commerce enabling technology and services to small- and medium-sized businesses in the United States and internationally. From e-commerce platforms, web sites, shopping carts, merchant accounts and payment plug-ins, to communications and promotions tools, Category 5 enables both brick and mortar as well as Internet businesses to operate more efficiently and profitably, and to gain and retain new customers. Category 5 continues to seek synergistic companies, technologies and platforms for acquisition.
About Extra Space Storage
Extra Space Storage is a leader in providing off-site and temporary storage to businesses and individual consumers across the United States. The company has rapidly expanded from a regional storage company to one of the fastest-growing storage companies in the country, with over 80 properties owned and operated throughout the United States. Its headquarters are in Salt Lake City, Utah.
SOURCE: Category 5 Technologies, Inc. |
