To: CIMA who wrote (18060 ) 7/20/1999 10:51:00 AM From: Dave Swanson Read Replies (1) | Respond to of 25711
OSFT news... -------------------------------------------------------------------------------------------------------------------------------------------- Tuesday July 20, 9:40 am Eastern Time Company Press Release SOURCE: ObjectSoft Corporation ObjectSoft's FastTake Penetrating Marketplace with Additional Orders; Three More Blockbuster Franchises Sign on Along with First Supermarket HACKENSACK, N.J., July 20 /PRNewswire/ -- ObjectSoft's FastTake video kiosk continues its swift acceptance across the nation's marketplace as five more companies place orders for 27 units. The orders bring the company closer to their projected deployment schedule sooner than anticipated. Northeast Management of Rhode Island, Serendipity Entertainment of New Mexico and Pueblo International of San Juan, Puerto Rico are the most recent Blockbuster franchises to sign for a total of 17 kiosks. Additionally, Video City of California, the Nation's sixth largest video store chain, and Wegmans Supermarkets of New York have placed orders for a total of 10 units. ''By the end of the July, we will have signed agreements completing our commitment of 100 FastTake kiosks across the nation ahead of our projected schedule,'' said Ray Schwartzman, Vice President of Sales and Marketing. ''We can then move on to our second goal of 400 units.'' ''Having Wegmans Supermarkets accept our FastTake is as important to us as our first Blockbuster franchise,'' commented George Febish. ''Wegmans will be our use the FastTake in a point-of-purchase fashion. We are confident their results we be pleasing and, as Blockbuster franchises across the country, additional supermarkets will follow suit.'' The orders are expected to be fulfilled by mid August. About ObjectSoft Founded in 1990, ObjectSoft Corporation (Nasdaq: OSFT - news) delivers value- added information and service solutions through interactive kiosks with custom enclosures, under the brand names FastTake* and SmartSign*. Installation and field service are provided by IBM Corporation. FastTake* video kiosks allow consumers to preview 500 movie trailers, search up to 7,500 titles, and will soon be able to receive drop shipment to the home or workplace through e-commerce and online transaction capabilities. Software provides retailers with monthly updates to the database, advertising opportunities, point-of-purchase promotions, demographic targeting and studio/retailer cross promotion. ObjectSoft Corp. is a publicly held company listed on the Nasdaq. For more information on ObjectSoft Corp., visit their website at objectsoft.net . This press release contains certain forward-looking statements concerning ObjectSoft Corporation, which are subject to a number of known and unknown risks that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Among such risks are those discussed in the Company's Registration Statements on Form SB-2 and Form SB-3, its Quarterly Reports on Form 10-QSB and Annual Reports on form 10-KSB and include, but are not limited to, limited operating history, recent establishment of new business divisions, dependence on new and untested product, risks related to technological factors and potential manufacturing difficulties. SOURCE: ObjectSoft Corporation -------------------------------------------------------------------------------- More Quotes and News: ObjectSoft Corp (Nasdaq:OSFT - news) Related News Categories: computers -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright © 1999 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?