To: NAUGHTY NOTES who wrote (46 ) 4/27/1999 9:43:00 AM From: Paul S. Read Replies (1) | Respond to of 67
Significant press release yesterday, this gives UTNS access to an existing customer base(a you scratch my back, I'll scratch yours scenario). Also keep in mind they will announce the launch of the website this week. Monday April 26, 8:28 am Eastern Time Company Press Release UniTransact Business Solutions, Inc. - Card Payment Systems Inc. Alliance SEATTLE--(BUSINESS WIRE)--April 26, 1999--UniTransact Business Solutions, Inc. (OTC BB: UTNS - news) announced today a forthcoming alliance with Card Payment Systems, Inc. of New York. This unique collaboration will give UniTransact Business Solutions access to Card Payment Systems' large and rapidly growing customer base. Under the agreement, UniTransact and Card Payment Systems will share their Internet customer bases, primarily via a link on the Card Payment Systems web site and also will advertise each other's services on their respective web sites. Card Payment Systems provides personalized service to businesses accepting credit and debit card payments from their customer's companies. Generous discounts rates and affordable equipment options are resulting in Card Payment Systems adding thousands of new merchant numbers a month (www.cardpayment.com). UniTransact's user-friendly turnkey system eliminates the need for expensive hardware and software purchases by customers wishing to process transactions over the Internet. This enabling technology allows businesses to conduct E-commerce over the Internet in a secure and cost-effective manner. Small and medium sized companies can now reconfigure their business strategies around this new extremely low-cost electronic commerce solution in order to realize greater profitability. ''The implications of this arrangement to UniTransact are significant and should result in a substantial increase in our business over existing projections,'' commented UniTransact President Scott Marshall. UniTransact's technology is an example of network computing as advocated by Oracle Corp. (Nasdaq: ORCL - news) and Sun Microsystems (Nasdaq: SUNW - news) and directly competes with companies like Verio Inc. (Nasdaq: VRIO - news) and Ebay (Nasdaq: EBAY - news). These statements have not been approved nor disapproved by any stock exchange, and may contain projections that may affect the timeliness and execution of the corporation's business operations and affairs in the future. The statements in this press release are made within the meaning of section 27A of the securities act of 1933 and section 21E of the Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ from UniTransact Business Solutions, Inc.'s expectations. For more on UniTransact Business Solutions Inc. look to our World Wide Web page at WWW.UNITRANSACT.COM Or contact: Unitransact Business Solutions Inc. 600 University Street, Suite 2424; Seattle, Washington 98101 Tel: 888-843-8857 (Investor Relations Dept.) Fax: 604-684-4452: Email: info@unitransact.com