To: Rande Is who wrote (7726 ) 6/2/1999 8:03:00 AM From: findstock Respond to of 57584
**News out on OSFT** Randy, I think this stock is a real sleeper at this price Wednesday June 2, 7:30 am Eastern Time Company Press Release SOURCE: ObjectSoft Corporation Blockbuster Franchise Expands FastTake Video Kiosk to All 18 Locations; Second Blockbuster Franchisee Signs On Expansion Comes After Two Months of Three Month Test Period HACKENSACK, N.J., June 2 /PRNewswire/ -- ObjectSoft Corporation (Nasdaq: OSFT - news) today announced that Blockbuster franchise, NY/New England Video, has agreed to place the FastTake video kiosk in 14 additional locations, bringing their total order to 18. The franchise made an order for four kiosks in March as part of a test agreement with ObjectSoft. The additional order was based on their overwhelming success in those locations. As part of the 12-month contract, ObjectSoft will supply Blockbuster with videos provided free to ObjectSoft by several major motion picture studios on a monthly basis for each Blockbuster location in exchange for promotion of the kiosks. Sales of these titles will help pay for the kiosks. Additionally, the Company announced that Dallas, TX-based Blockbuster franchise Texoma Entertainment has agreed to place test kiosks in four of their 15 locations for a period of three months. As with NY/New England Video, it is expected that additional kiosks will be deployed with Texoma Entertainment based on results from the initial test phase. ''We have been very pleased with the results of the four FastTake video kiosks we have had in our store since March, FastTake has increased our member interest and rentals,'' said Holly Hodge, Director of Operations for NY/New England Video, a Connecticut-based franchise of Blockbuster Inc., an indirect subsidiary of Viacom, Inc. (NYSE: VIA - news). ''We anticipate the kiosks to be just as successful in our other locations.'' ''We are clearly tracking ahead of our business plan to place 400 kiosks into the market during 1999,'' said George Febish, President and Co-CEO of ObjectSoft Corporation. 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 objectsoft.net . 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 annual reports 10-KSB 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 --------------------------------------------------------------------------------