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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (1658)	5/4/1998 10:09:00 AM
From: EubieV	Read Replies (1) \| Respond to of 25711

I passing on this PRESS RELEASE for everyone. Came across it late Friday and then an article appeared in the Orange County Register on Saturday. I'm going to visit the company today. They just announced orders with McDonalds, KFC, Burger King, Subway, Arbys, Round Table Pizza and Quick Stop Markets. This is HUGE! SIMS Establishes ATM Scrip Services IRVINE, Calif.--(BUSINESS WIRE)--May 1, 1998--SIMS Communications Inc. (NASDAQ:SIMS)announced todaythat it has established a product sales division to market its ATM services and scrip terminals to fast food chains and convenience stores. In making the announcement, SIMS' President, Mark Bennett, noted that for the first time many fast food chains, convenience stores and other low ticket retail outlets can justify providing ATM services to their customers. "The market's response to SIMS' ATM scrip offerings has been most gratifying," stated Bennett. "Already, we have received over 500 orders including those from outlets for McDonalds Corp, KFC Corp., Burger King Corp., Subway Sandwiches and Salads, Arby's Inc., Round Table Pizza and Quik Stop Markets." "Using SIMS' countertop scrip machine, a customer swipes his/her ATM card through the unit, enters an amount and receives a voucher. This voucher is then used to make a purchase. No longer does the customer have to worry about having cash in hand when entering the store. The customer also can receive cash back in a safe environment." In an associated announcement, SIMS announced that it has appointed Jeffrey McKay as president of its ATM Scrip Services Division. McKay formerly was president of U.S. Cash Exchange. "We are extremely pleased to have Mr. McKay join us," stated Bennett. "Mr. McKay has been in the equipment vending industry since 1985. He was one of the first to own and vend ATM/POS equipment in California. We welcome his experience and expertise." SIMS Communications provides low cost, turnkey, transaction processing solutions to retailers. These solutions include its patented, intelligent, DebitLink POS terminal, custom software and comprehensive network of financial transaction processors including most credit card and ATM networks. Also included are prepaid service offerings including prepaid phone card activations and prepaid cellular transactions. CONTACT: Martin E. Janis & Company, Chicago Hal Schweig, 312/943-1100