PayStar Communications Corporation Subsidiary Announces Agreement to Provide ATM Scrip Technology to One of the World's Largest Food Service Companies.Business Editors LODI, Calif.--(BUSINESS WIRE)--Feb. 16, 2000 PayStar Communications Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PYST), a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , announced today that their U.S. Cash Exchange subsidiary completed an agreement to provide ATM Scrip Technology to one of the world's largest food service companies. U.S. Cash Exchange, Inc., a subsidiary of PayStar Communications Corporation, today announced they have signed an agreement to provide ATM Scrip terminals to Allied Domecq Allied Domecq PLC was an international company, headquartered in Bristol, UK that operated spirits, wine, and quick service restaurant businesses. History Allied Domecq was the result of a 1994 merger between Allied Lyons and Pedro Domecq.[1]. franchises 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. , through a special marketing agreement with UtiliSource Corp. (OTCBB:UTLS UTLS University of Texas Law School (Austin, Texas) ). Over the last three years U.S. Cash Exchange has grown to become a leading participant in the electronic debit industry. The ATM Scrip terminal works like an ATM cash machine. Customers swipe their ATM card An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: Allied Domecq is one of the world's largest international spirits and global food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and businesses, with 8,000 franchises worldwide. In the U.S. alone, the company has 6,500 franchises including Baskin-Robbins Ice Cream, Dunkin' Donuts and Togo's sandwich stores. "The U.S. Cash ATM Scrip program provides a clear advantage for our franchises," said Greg Batts, Director of Purchasing for Allied Domecq. "With more than 71 percent of U.S. households using ATM cards, our franchisees who accept them in their stores have an opportunity to provide additional customer convenience and enhance their store's profitability through increased sales." This news release includes forward-looking statements 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. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. These include end-use customers' acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations, and other risks associated with the regulation of the company's industry. |
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