Datawave Signs Letter of Agreement With Mac's Convenience Stores in Western Canada.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 29, 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 completed an agreement making it the exclusive supplier of Point-of-Sale Activation (POSA POSA Public Order and Security Act POSA Pattern Oriented Software Architecture POSA Passive Optical Sample Assembly POSA Parks and Open Space Advocates (Seattle, WA) PoSA Pomona College Student Art Gallery ) technology for both long distance and wireless phone card products in all 265 western Mac's Convenience Stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. . "After several successful years of supplying 'live' long-distance phone cards to Mac's Convenience Stores, DataWave is excited about adding prepaid cellular products from all national Canadian carriers, to our product offering." said Martin Luckwell, Director of Sales, Western Canada
Western Canada, commonly referred to as the West . "What's even more exciting is the application of DataWave's proprietary technology to provide Mac's Convenience Stores with an electronic, real-time delivery system." Bill Turner, Vice President of Business Development, DataWave Systems Inc. commented: "The addition of Mac's Convenience Stores to the list of retail chains who have signed up to access our POSA technology indicates the momentum we have gained in the Canadian marketplace. This announcement consolidates our position as the leading provider of this type of technology in the country." The proprietary POSA technology of the DataWave System generates significant cost savings to retailers by completely eliminating both inventory carrying costs Carrying costs Costs that increase with increases in the level of investment in current assets. and shrinkage. The DataWave System is accessible through small free-standing terminals or may be incorporated into the cash register system of most major retail chains. About Mac's Convenience Stores (www.macs.ca) Mac's Convenience Stores is 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 Alimentation Couche-Tard Inc., a leader in the Canadian convenience store industry and the ninth largest convenience retailer in North America. The Company operates a network of 2,245 convenience stores in Canada and the Midwestern United States. 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 products, such as cash cards and phone cards. The System works equally well over the Internet, through intelligent free-standing vending machines or with various card activation devices, including cash registers. DataWave Systems Inc. William Turner Vice President, Business Development "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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