To: Lindsay Thomas Tobin who wrote (202 ) 11/2/1998 1:20:00 PM From: RBMac Respond to of 289
From Stockhouse................ Signs 5 Year Extension of Distribution Agreement DATAWAVE SYSTEMS INC. ("DTV-V;DWVSF-L") - Signs 5-Year Extension of Distribution Agreement Clive Barwin, President of DataWave Systems Inc., manufacturers of the world's only intelligent prepaid calling card dispensers, is pleased to announce that it has signed an extension to an agreement to distribute AT&T PrePaid Cards throughout the United States. The agreement, originally signed for a two-year period, has been extended to cover a five-year period effective September 1, 1998. DataWave will continue to provide AT&T with comprehensive national merchandising program that relies on DataWave's proprietary technology. These state-of-the-art electronic merchandisers (DTMs) dispense prepaid calling cards that are activated at the point-of-sale. This unique Point-of-Sale Activation eliminates risks typically associated with the sale of prepaid cards, including theft, vandalism, and costs associated with inventory control. DataWave has set the standard in this area of expertise. DataWave will continue to distribute the universally recognized AT&T PrePaid Cards throughout the United States. AT&T is the leading provider of long-distance and wireless services in the U.S., with the world's largest and most sophisticated communications network. AT&T serves more than 90 million customers in the U.S. alone, and operates in over 200 countries worldwide. According to Clive Barwin, President of DataWave Systems, "Since signing the AT&T Prepaid Calling Card agreement, DataWave has signed numerous new contracts which include major hotel chains, theme parks and retail outlets across North America. This marketing approach has given DataWave access to AT&T's broad customer base and the AT&T brand recognition has proven to increase our sales at existing locations. With this extended agreement, we expect that our recent revenue growth will continue." TEL: (604) 874-1302 Ext. 301, Peter Hough, CFO FAX: (604) 874-1503 Clive Barwin, President EMAIL: info@datawave.ca INET: datawave.ca