DataWave Signs New Multi-Year Agreement with 7-Eleven Convenience Stores in Canada.WAYNE, N.J. -- DataWave Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DWVS), an established provider of prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. and stored value delivery systems, announced today that it has re-signed a multi-year agreement as the exclusive supplier of Point-of-Sale Activation (POSA POSA Public Order and Security ActPOSA Pattern Oriented Software Architecture POSA Passive Optical Sample Assembly POSA Parks and Open Space Advocates (Seattle, WA) PoSA Pomona College Student Art Gallery ) technology to 7-Eleven Canada Inc. DataWave's relationship with 7-Eleven spans over a decade dating back to 1995 when DataWave started supplying traditional long distance prepaid phone cards to 7-Eleven. In 2002, DataWave delivered its POSA terminals to all of the nearly five hundred 7-Eleven locations in Canada. The terminals enabled stores to sell phone cards and prepaid cellular PINs from all of Canada's national carriers. The electronic delivery and activation of these products eliminated inventory costs, 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. and ordering/stocking time for each store. The suite of DataWave products now available through 7-Eleven includes gift cards, photofinishing pho·to·fin·ish·ing n. The act or business of developing camera films and printing photographs for customers. pho , mp3 downloads and WiFi with more new products arriving regularly. "7-Eleven is pleased to carry on our partnership with DataWave allowing us to continue bringing in the newest products and provide great value to our customers" says Brian Bovencamp, Sales and Merchandising Manager, Canada. DataWave continues to be a market leader, providing new and exciting products to their retailers, while remaining attentive to the individual needs of any size customer. Josh Emanuel, Chairman and Chief Executive Officer of DataWave, stated, "7-Eleven appreciated our high level of service and consistent ability to keep them on the leading edge of the Canadian prepaid market. We are pleased they recognize the value of our ongoing efforts for them and have decided to re-sign with us." About 7-Eleven, Inc.(R) (www.7-eleven.com) 7 Eleven, Inc., the parent of 7-Eleven Canada, is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , 7-Eleven, Inc. operates or franchises more than 5,800 7-Eleven(R) stores 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 Canada and licenses more than 30,000 7-Eleven stores in 18 countries and U.S. territories. During 2005, 7-Eleven stores worldwide generated total sales of approximately $43 billion. About DataWave (www.datawave.com) DataWave has been an innovator and developer of prepaid and stored-value programs and merchandising solutions since it was founded in 1994. DataWave pioneered systems that allow for point-of-sale activation of high value, high shrinkage products, such as cash cards, prepaid phone cards and prepaid wireless time. These systems work equally well over the Internet, through intelligent freestanding free·stand·ing adj. Standing or operating independently of anything else: a freestanding bell tower; a freestanding maternity clinic. 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. and POSA terminals, or with various card activation devices, including cash registers. This press release contains "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. " as defined by 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. Words such as "expect", "believe", "anticipate", "may", "will", "plan", "intend", "estimate", "could", and other similar expressions are intended to identify these forward-looking statements. Examples of forward-looking statements in this release include those about new products being made available by DataWave regularly and DataWave continuing to be the leader in the Canadian prepaid market. Statements in this press release and elsewhere that look forward in time or include anything other than historical information involve risks and uncertainties that may affect the Company's actual results of operations. These statements by DataWave are subject to certain risks, including, among others, future demand for its products and brand, competition from other businesses providing similar products, the Company's ability to maintain profitability and control expenses and its ability to successfully execute its business strategy. These and other risks and uncertainties are discussed in more detail in the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, which are available at the SEC website at www.sec.gov. "DataWave" is a registered trademark of the Company. All other trademarks and trade names referred to are the property of their respective owners. |
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