Innuity Extends Strategic Relationship with International Merchant Services (IMS).Company's Creditdiscovery Product to Serve as Primary Tool For IMS's Customer Acquisition Strategy REDMOND, Wash. -- Innuity, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: INNU), a Software as a Service (SaaS) company that designs, acquires and integrates affordable solutions for small business announced that it has extended its strategic relationship with International Merchant Services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or (IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. ) through which Innuity's Creditdiscovery product will serve as the merchant life cycle management tool for IMS's customer acquisition strategy. "This agreement with our newly launched Creditdiscovery product, with a premier bankcard bank·card n. A card issued by a bank authorizing the holder to receive bank services and often functioning as a debit card. provider like IMS, underscores our belief that Innuity can now provide top tier life cycle management tools to the independent sales organization This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. ) community," said John Wall, Innuity chairman 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. . "We foresee the relationship with IMS will pave the way for continued partnership opportunities with similar bankcard providers in the near future." Under the terms of the agreement IMS will utilize the Creditdiscovery Life Cycle Management product to report, summarize and detail merchant data through its reporting portal and manage the risk on its overall merchant portfolio as well as its automated booking and boarding through the popular Goldmine CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. tool set. Financial terms of the agreement were not disclosed. Doug Merryman, president of Innuity's Merchant Services business line stated, "With IMS being one of the most recognized bankcard acquirers in the industry, we are proud to have made an impact on IMS's business and we continue to deliver on our goals to improve operational efficiencies, reduce bankcard acquirers costs and enhance the reporting capabilities of our merchants." "This relationship is strategic to our overall goals of maintaining world class services to our merchants, while reducing our internal operating costs operating costs npl → gastos mpl operacionales ," stated IMS president Chris Kazor. "Creditdiscovery plays an integral role in our core business of risk management as well as our booking and boarding processes, and we look forward to continuing this relationship well into the future." About Innuity Headquartered in Redmond, WA, Innuity is Software as a Service (SaaS) company that designs, acquires and integrates applications to deliver solutions for small business. Innuity's Internet technology is based on an affordable, on-demand model that allows small businesses to simply interact with customers, business partners and vendors and efficiently manage their businesses. Innuity delivers its on-demand applications through its Internet technology platform, Innuity Velocity[TM]. The Velocity technology platform enables use-based pricing, provides the opportunity to choose applications individually or as an integrated suite and requires minimum start-up costs and maintenance. For more information on Innuity, go to www.innuity.com. About International Merchant Services International Merchant Services Inc([R]), based in Westmont, IL, has grown to become one of the largest and most dependable Electronic Merchant Bankcard Processors 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. , with future expansion plans to include offices in Toronto, Canada and Edinburgh, Scotland, which will allow the company to offer international merchant accounts. International Merchant Services processes millions of credit card transactions for thousands of business owners in all 50 states, ranging from large nationally known merchant accounts such as Midas([R]), Subway Subs([R]), Curves for Women([R]), Dominos Pizza([R])and Jiffy A fraction of time that has numerous interpretations depending on who uses it. It may refer to one computer clock cycle, one nanosecond, one millisecond or one AC power cycle. There may be others. See nanosecond. 1. Lube to local neighborhood retail, restaurant and lodging businesses. 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 and information (within the meaning of 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), about our financial results and estimates, business prospects, new products, and products under development, all of which involve substantial risk and uncertainties. For example, our business depends in part on the market's adoption of our new product offerings, and our ability to increase our selection of value-added Internet technology applications and solutions, through either internal development or agreements with third parties. Our business will be harmed if our new product offerings are slow to be adopted, or if we are unable to develop or offer additional Internet technology applications and solutions in a timely and cost-effective manner. To expand our Internet technology solutions offerings, we may need to license or acquire other technologies or businesses. We may find that it is difficult to identify or conclude such acquisitions on favorable terms, or to integrate future technology or business acquisitions, which could limit our growth, disrupt our business and adversely affect our operating results. Other factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products and services, our ability to compete with competitors, and those included in our annual report on Form 10-KSB, as well as other documents we periodically file with the Securities and Exchange Commission. |
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