DataWave Signs Agreement With National Money Mart.Business Editors & High Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 12, 2002 DataWave Systems Inc. (TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. : DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DWVSF) is pleased to announce that it has entered into an agreement with National Money Mart Company in Victoria, BC., the largest convenience-based retail financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company in Canada, to develop and distribute prepaid stored value cards. Under this agreement, DataWave and Money Mart have established a joint venture called NEXTWAVE CARD CORP. that will offer Prepaid and stored valued cards to Money Mart's 287 corporately owned, franchise and agent locations. DataWave has provided an exclusive license to NEXTWAVE CARD CORP. for use in specified Canadian markets and a non-exclusive license in 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 other International markets. "DataWave is excited about this new venture with Money Mart. Once again we have demonstrated how we can make multiple use of technology developed for other products and markets and create additional opportunities for DataWave to distribute prepaid products," said Josh Emanuel, DataWave'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. . About DataWave (www.datawave.ca) DataWave has been an innovator and developer of prepaid and stored-value programs since it was founded in 1994. DataWave pioneered a system that allows for point-of-sale activation of high value, high shrinkage Shrinkage The amount by which inventory on hand is shorter than the amount of inventory recorded. Notes: The missing inventory could be due to theft, damage, or book keeping errors. products, such as cash cards and phone cards. The System works equally well over the Internet, through intelligent free-standing vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. or with various card activation devices, including cash registers. About National Money Mart (www.moneymart.ca) National Money Mart Company is Canada's leading provider of cheque cashing and convenience-based financial services. With over one million registered customers, Money Mart has been providing cheque cashing and other basic financial services to Canadians since 1982. In addition to cheque cashing, Money Mart offers Western Union money transfers, money orders, foreign currency exchange, utility bill payments, a deposit service called "Zap It", and a payday advance service called Fast Cash Advance(TM). DataWave Systems Inc. Marc Belsky CFO See Chief Financial Officer. Legal Notice Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This press release contains "forward-looking statements". Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this release include statements regarding expectations of card activation, dollars loaded and use of DataWave technology. It is important to note that actual outcomes and the Company's actual results could differ materially from those contained in any forward-looking statements contained in this press release. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties such as insufficient demand for and market acceptance of stored value cards and DataWave's present or future products, emergence of companies with competing or superior products and/or services, unforeseen changes in the software and hardware technology used in connection with other entities providing services enabling the stored value cards to function properly, other unforeseen delays or costs, or the Company's ability to maintain an Interac sponsor for the product. Although DataWave believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable; there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Readers should also refer to the risk disclosures outlined in the Company's annual report and regulatory filings for the 2002 and 2003 fiscal year filed from time-to-time with the TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension , BC Securities Commission and SEC. "DataWave" is a registered trademark of the Company. All other trademarks and trade names referred to are the property of their respective owners. "The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release." |
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