To: Mr_Merck who wrote (60816 ) 3/11/1999 7:52:00 AM From: JeffA Read Replies (1) | Respond to of 119973
Morning All. OSFT & OSFTW has news with Polygram Video. Looks good.... Related Quotes OSFT 0 +0 delayed 20 mins - disclaimer Thursday March 11, 7:29 am Eastern Time Company Press Release SOURCE: ObjectSoft Corporation ObjectSoft Signs Marketing Agreement with PolyGram Video HACKENSACK, N.J., March 11 /PRNewswire/ -- ObjectSoft Corporation (Nasdaq: OSFT - news) today announced that it has signed a ''test'' marketing agreement with PolyGram Video. According to the agreement, PolyGram Video will supply various video titles for each of the test FastTake kiosks at video retail outlets across the country for a period of three-months. Among the first titles to ship will be ''Feet of Flames'', ''Borrowers'', and ''Barney.'' In return ObjectSoft will place a trailer of the PolyGram Video product on the FastTake Home Screen and in the Editor's Pic's section of the kiosk. ''PolyGram Video has some of the most demanded product on the market, and I'm thrilled that they are one of the first home video studio's to sign on,'' said Ray Schwartzman, Vice President Sales & Marketing of ObjectSoft. ''Through our agreement, we will be able to provide video retailers will free product along with their lease of the FastTake, therefore, reducing their overall investment.'' ''FastTake allows us to do in-store promotions of our premiere sell-through releases and increase awareness of various titles with consumers,'' said Ken Graffeo, Senior Vice President Marketing for PolyGram Video. FastTake is an in-store interactive kiosk that suggests premiere titles from various participating studios. FastTake allows the consumer to quickly find a video title by name, genre, actor/actress, director, or rating. Once found, it contains information on the video, a picture of the box cover, a trailer, and in most cases 3 pictures from the video. FastTake can also suggest alternate titles through various cross-referencing methods. About ObjectSoft Founded in 1990, ObjectSoft Corporation delivers value-added information and service solutions through interactive kiosks with custom enclosures under the brand names FastTake(TM) and SmartSign(TM). Installation and Field Service are provided by IBM Corporation. FastTake(TM) Video kiosks allows consumers to preview 500 movie trailers, search up to 7,500 titles and the ability to receive drop shipment to their 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 is a publicly held company listed on Nasdaq. For more information on ObjectSoft, visit their website at (http://www.objectsoft.net/). About PolyGram Video PolyGram Video (USA) the domestic home video of PolyGram Filmed Entertainment (PPE) and PolyGram Group Distribution (PGD) is headquartered in New York. PolyGram Video develops, markets and, through PGD, exclusively distributes a wide array of home video product including theatrical home video releases from PPE, the music video programs from the artists roster of PolyGram's various music labels, and licensed properties from the areas of sports and fitness, special interest, and children's programming. This press release contains certain forward-looking statements concerning ObjectSoft 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 S-3 and its Quarterly Reports on Form 10-QSB 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