Cashco Management Inc. to Enter Into an Agreement With VeriTec Inc. to Supply Access to At Least 100,000 Units of Discover Y2K Software.NEWMARKET, Canada--(BUSINESS WIRE)--June 10, 1999-- Cashco Management Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CSHK), is pleased to announce that the Company has entered into agreement, to be formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. within 30 days, with VeriTec Inc. of Long Beach, CA., to supply resale access to the Discover Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 Software Compliance Tool for bundling with VeriTec's VeriFix2000 Y2K hardware fix. In accordance with the agreement, VeriTec Inc. intends to provide to at least 100,000 registered purchasers of the Verifix product, downloads of the Discover Y2K software. At VeriTec Inc.'s request, the agreement will require acknowledgement from Cashco Management Inc. that access to the Discover Y2K software may provided to an additional 2.5 million units over the next eight months. No assurance can be given about the number of Discover Y2K programs which will be offered or sold as a result of the agreement. VeriTec Inc. has informed Cashco that it will market, promote and distribute the newly formed software bundle under both private label and VeriFix2000, utilizing all available and future distribution channels established by VeriTec Inc., its affiliates and Master Distributors. 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. Mr. Mike Sellards, 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 VeriTec Inc., the marketing and promotion of the new VeriFix2000 software bundle includes but is not limited to: a national radio and television advertising program currently estimated at 150 independent television stations and 200 radio stations across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, inclusion in feature stories and advertisements in various syndicated newspapers and magazines, a telemarketing campaign targeted to over 35 million registered PC users, a co-branding Internet based affiliate program expected to attract 100,000 associates and various retail marketing programs earmarked to reach in excess of 76,000 retail locations worldwide. Cashco Management Inc., an Internet oriented technology company is dedicated to selective identification of innovative computer and Internet related products and services. The shares of Cashco Management Inc. are quoted on the Over the Counter Bulletin Board, symbol OTC:BB-CSHK. For more information, please contact Rhonda Windsor at 905-898-0918 or visit our web site at http://www.cashcointl.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's press releases. |
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