Re: Zitec - Let's look at the May 11th PR again.
NEWMARKET, Ontario--(BUSINESS WIRE)--May 11, 1998--Cashco Management, Inc. (OTC BB:CSHK) announced today that it has signed an agreement with Zitec International Limited, an unaffiliated company, which has the responsibility of distributing all of its technology products, present and future, for the Company. Mr. George Palmer, President of Zitec, as reported on May 10, 1998, brings over 20 years of experience in the selling and marketing of high technology products and services. During his career, Mr. Palmer has founded, built and sold four computer technology companies. His experience has been garnered in part through his association with Analytical Graphics, Inc., Network Development Corp. and Craig International, Inc. Mr. Palmer enjoys the challenge of working directly with sales and marketing teams to conquer the challenges of reaching and exceeding their sales and marketing goals.
Zitec will be hosting a new website from which potential customers will be able to download the beta version of the 11th Hour Software. It is from this site that the product will be sold through a secure credit card port. Anticipated release date for the final version of the 11th Hour Software is June 1,1998. The domain address is zitec.com. This website will be operational as at May 20,1998. From this site current and potential investors will be able to access beta versions of software products under development, purchase final versions of completed product and learn more about Cashco's software divisions.
Given Mr. Palmers' extensive experience, the Company is confident that he is highly qualified to evaluate the potential marketability of the Company's software products and in addition he is advising the Company with respect to products currently under consideration and will be instrumental in assisting Cashco in determining which products should be considered for acquisition in the future.
So Zitec is an unaffiliated retailer/distributor, who's failed to deliver the announced web site on time. |
