C-Chip Technologies Corporation 'North America' Launches Enhanced Credit Management Solution.MONTREAL -- -Can potentially reduce 50% of payment delinquencies -Leverages on two-way cellular network -Offers enhanced messaging and broader geographical network coverage -Allows for device management over the Internet C-Chip Technologies Corporation (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Manaris Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MANS - News)(Frankfurt WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) :255471), announces the availability of Credit Chip II, the Company's most advanced credit management solution which can provide a 50% reduction in payment delinquencies, advanced messaging and broader geographical network coverage. "We are very proud of our enhanced Credit Chip device. While our current product delivers substantial reduction in payment delinquencies and cost of collection to our customers, it is our corporate goal to remain current to changing market needs. As a result, we have developed Credit Chip II, a device now using two-way cellular communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. coupled with superior capabilities." said Claude Arbour, the Company's 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. . With Credit Chip II, credit grantors can monitor a delinquent customer's account and using our proprietary Internet application alarm or disable To turn off; deactivate. See disabled. it in case of an extended delinquency.When payment is made the vehicle is automatically re-activated. With the Credit Chip II's access to broader geographical network coverage throughout North America, it is more effective and efficient. C-Chip Technologies Corporation (North America) C-Chip specializes in the high-tech sector of the security industry. It has developed sophisticated monitoring solutions which use integrated wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , GPS technology, software applications and the Internet to connect mobile assets with IT infrastructures. Ultimately, C-Chip's unique technology platform enables business users to efficiently access, control, manage and monitor different types of equipment or services-at low costs. For more information, please visit www.c-chip.com. About Manaris Corporation Through its wholly-owned subsidiaries, Manaris Corporation offers a comprehensive suite of enterprise risk management services and solutions. C-Chip North America specializes in the high-tech sector of the security industry, with technology that allows business users to efficiently access, control, manage and monitor remote assets at low costs. Avensys enables businesses and corporations to monitor different types of environments, including Air, Soil, Water as well as buildings and infrastructures. Canadian Security Agency (2004) Inc. and Chartrand Laframboise Investigation provide corporations and institutions with security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the including corporate investigation, surveillance, electronic monitoring and protection of personnel and premises. By combining both traditional security services and advanced monitoring technology, Manaris sets the industry standard for integrated, end-to-end risk management solutions. FORWARD-LOOKING-STATEMENT: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward looking statements are not guarantees of performance, and Manaris Corporation results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release and Manaris Corporation undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release. Manaris Corporation (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. :MANS) (FRANKFURT:255471) |
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