AXESS and its U.S. Partner Rapidtron Supply New Access System in 2005.COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif. -- Rapidtron, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RPDT RPDT Reserve Personnel Data Transaction ) Solitude brings 'hands-free' lift access to everybody - with no extra costs. Rapidtron, Inc., Costa Mesa, CA, Rapidtron announced that Solitude Winter Resort will install the new AX500 Smart Gate access system in 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Creel, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Rapidtron, Inc. Mountains of powder and mild weather. It's what has earned Solitude its name, and it's what has been drawing families from across the country for generations. Nearly a decade ago, Solitude's management recognized an opportunity to differentiate them with a unique electronic ticketing system. Since then, they have put numerous unique ticket products on the market that benefit the customer. Solitude realized that skiing and riding are not about restrictions, but freedom, and they have made it more attainable and flexible for their guests. All of their ticketing options are based around Smart Card technology; a flexible and environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] program in which a card can be placed in a pocket and scanned automatically on approaching and accessing the lift. Based on years of experience with Smart technology and positive feedback of their guests, Solitude recently decided to take the next step in ticketing and access control by awarding Austrian international market leader AXESS and their U.S. partner Rapidtron to supply "the 5th generation" in access control for winter 2005/2006. "This is a major step for Rapidtron in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market as Solitude will be the first resort in North America to implement the new AX500 Smart Gate to all lifts and fully utilize the advantage of Smart technology," said John Creel, President of Rapidtron. "Now with the new inexpensive RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. paper ticket for day passes, all of their visitors will have the hand-free advantage, which in the past has only been for Season pass holders or for VIP express lanes users. The decision Solitude has made to join our fast growing family of Smart resorts will benefit them and their clientele for years to come." About Rapidtron Rapidtron is one of the leading smart card-access control companies in the United States, serving the university, fitness clubs, resorts, and amusement parks. Headquartered in Costa Mesa, CA, Rapidtron is currently providing its smart card access control systems to Copper Mountain (Colorado), Park City Mountain Resort Park City Mountain Resort is a ski resort in Park City, Utah. The resort has been a major tourist attraction for skiers from all over the United States, as well as main employer for many people in Park City. (Utah) and the new Tamarack Resort in Idaho and its bar code system to the University of California at Berkeley (body, education) University of California at Berkeley - (UCB) See also Berzerkley, BSD. http://berkeley.edu/. Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. , the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Los Angeles and over 180 leading fitness clubs including Bally's Total Fitness, Gold's Gyms, California Family Fitness, Bailey's Power Gyms and other independent clubs. Rapidtron has forged a strategic partnership with AXESS AG, a European (Austria) corporation. AXESS AG is at the forefront of radio frequency smart card technology and has installed over 5,500 smart access gates and 3,500 point-of-sale systems to transit companies and resorts in Europe. For Additional information visit: http://www.rapidtron.com. Forward-looking statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. These risks include the possibility that Rapidtron or AXESS will not satisfy their contingencies and will not complete the transaction, and that even if the transaction is closed, the combination of their respective business and technologies will not result in new businesses. ON BEHALF OF THE BOARD Rapidtron, Inc. John Creel-President For more information visit the Company's website at http://www.rapidtron.com or the U.S. Securities & Exchange Commission's website at http://www.sec.gov/ to review Rapidtron's latest filings. Rapidtron, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :RPDT) |
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