Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Frost Byte who wrote (65677)	4/1/1999 9:12:00 AM
From: findstock	Read Replies (2) \| Respond to of 119973

***NEWS ALERT OSFT*** hursday April 1, 7:30 am Eastern Time Company Press Release SOURCE: ObjectSoft Corporation ObjectSoft's FastTake Kiosk Lands Deal with Country's Third Largest Video Retailer Video Kiosk Coming to Movie Gallery Locations Across the Country; Beginning With Six New Markets HACKENSACK, N.J., April 1 /PRNewswire/ -- ObjectSoft Corporation (Nasdaq: OSFT - news) today announced that it has signed a Pilot Production Agreement with Movie Gallery (Nasdaq: MOVI - news), the Nation's third largest video retailer, for deployment of the FastTake(TM) video kiosk to retail locations throughout the United States. According to the agreement, ObjectSoft will initially deliver a total of six FastTake video kiosks to different Movie Gallery's markets around the country. The companies will agree on additional locations based on an initial 3 - 4 month test phase in those markets. ''We are delighted that such a prominent player in the video retail market is installing our fun-to-use FastTake kiosks in their locations,'' said George Febish, president and Co-CEO of ObjectSoft. ''This is a huge vote of confidence in its ability to increase video sales and rentals.'' ''They are truly welcome additions to our stores. FastTake is an exciting new technology that will bring video stores into the 21st Century,'' said William Guerrette, Senior Vice President, Sales and Marketing of Movie Gallery. ''FastTake offers excellent in-store video search capabilities and should increase our customer's interest and the store's revenues.'' In other news, the Company noted that IBM Corporation successfully delivered and installed the kiosks it had previously contracted for in markets including Pennsylvania, Connecticut and New York during the second week of March. Initial reactions have been very positive and have resulted in additional inquiries by other video retailers. ''We are very pleased with the usage rate of FastTake,'' said Darlene Burlingame, owner of Entertainment Zone. ''Since it was installed in our location, people haven't been able to get enough of it.''