Friday March 26, 2:53 pm Eastern Time
Company Press Release
ID Four Ltd. Increases Initial Inventory of Discover Y2K Software
PHILADELPHIA--(BUSINESS WIRE)--March 26, 1999--ID Four Limited (OTC:BB-IDFR) announced today that pre-sales inventory levels of the Discover Y2K Software Compliance Tool are being increased from an initial stock of 25,000 units to 100,000 units at the insistence of d.b.a. Marketing, sales and marketing agent for the Company.
Based on initial response from the retail community reported by d.b.a. Marketing, ID Four Ltd. has agreed to increase inventory levels to meet initial demand of the product. Typical software industry retail protocol requires a commitment from most suppliers to a 5-day turn around for delivery on receipt of re-orders to replenish stock. Cashco Management Inc.'s (OTC:BB-CSHK) turn around for assembly and packaging to replenish stock of the Discover Y2K Software is currently two weeks. ID Four Ltd. is committed to the retail community and to the launch of the Discover Y2K Software Compliance Tool.
In addition to traditional retail and internet methods of distribution, the Company is currently developing specialized marketing programs and opportunities with major corporations in both Canada and the United States in an effort to deliver the product to an even wider consumer base.
The shares of ID Four are quoted on the Over the Counter Bulletin Board, symbol OTC:BB-IDFR.
On behalf of the Board of Directors
George Palmer, CEO, ID Four Ltd.
''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company*s filings with the Securities and Exchange Commission.
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Contact:
ID Four Ltd.
George Palmer, 610/722-5406
or
AFT Communications
Investor Relations
877/460-8685
E-mail: aftcom@home.com |
