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News out today..!
MIRAMAR, Fla., March 11 /PRNewswire/ -- Innovative Electronics, Inc., today announced that it has successfully completed the testing phase of its StoreComm2000 Windows NT based in-store application interface, customized for Belk Department Stores. Rollout of the new software interface is currently underway. The newly customized Windows NT StoreComm ISP application serves as a facilitator to allow the in-store processor to communicate with Belk's existing point-of-sale terminals. Implementation of the StoreComm ISP application interface enables Belk to hold on to their installed POS terminals, protecting their investment and saving them $millions.
Belk, Inc., a leading regional department store organization headquartered in Charlotte, North Carolina, is installing the Windows NT based StoreComm2000 application interface in 110 store locations. Belk has been running Innovative's software solutions in their stores since 1984.
Innovative Electronics, Inc., a major supplier to the retail marketplace, provides an end-to-end solution that integrates point-of-sale, in-store and host applications in a distributed computing network. Innovative's state-of-the-art StoreComm System allows the retailer to run their store systems unattended, using UNIX or Windows NT as the operating system. Current application offerings include traditional POS functionality plus electronic journal, VICS compliant price look-up, layaway and gift certificate tracking.
Innovative Electronics, Inc., a wholly owned subsidiary of ATS Money Systems, Inc. (OTC Bulletin Board: ATSM), has been developing and implementing creative retail solutions for the marketplace since 1977. ATS Money Systems, Inc., headquartered in Englewood, New Jersey, is a provider of equipment and systems that reduce the cost of handling cash and checks at retail stores. Current users of ATS Money Systems solutions include TJMaxx, Target Stores, The Home Depot and Lowe's Companies.
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. The Company's actual results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors, including among others those identified in the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 1997, as well as general economic conditions and economic conditions in the industries in which the Company's customers compete, a determination by the Company's customers to prolong their test cycles of the Company's equipment, software and software support services and a determination by the Company's customers to modify or change their underlying computer and cash reporting systems.
SOURCE Innovative Electronics, Inc. |
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