PayStar Communications Corporation to Offer Public Internet Terminals.Business Editors/High-Tech Writers LODI, Calif.--(BUSINESS WIRE)--July 17, 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. , one of the nation's leading independent providers of pay telephone services, cashless ATM machines and pre-paid services, today announced that it has signed an agreement with Advants, Inc. to place public access Internet terminals into PayStar merchant locations. Advants, Inc., a division of Choicetel Communications, Inc. (Nasdaq:PHON phon n. A unit of apparent loudness, equal in number to the intensity in decibels of a 1,000-hertz tone judged to be as loud as the sound being measured. ) is building a nationwide network of terminals and plans to install more than 30,000 public access Internet terminals over the next three years in a variety of public locations that people utilize when they are not at home or at their office. Under the terms of the agreement, PayStar will provide Advants, Inc. with the location, installation and service of Internet terminals under a multi-million dollar revenue-sharing program. PayStar's existing base of pay telephone and cashless ATM merchants coupled with PayStar's independent sales organizations 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. provide a platform of more than 7,000 business locations. "The Advants concept blends well with PayStar's overall business strategy of marketing products and services that generate monthly recurring income while providing valuable services to our customers now and in the future," said Jeff McKay, President of PayStar. The key to this union is the ability of PayStar to provide its merchants with a turnkey, self-contained Internet kiosk system requiring no setup, orientation, or training with absolutely any cost to the business. Advants terminals are equipped with a computer, monitor and keyboard. A dollar bill acceptor acceptor - Finite State Machine and credit card swipe, allow users to initiate e-commerce transactions with either cash or credit. "We are excited to align Advants with such an experienced company with well established customers throughout the nation," Greg T. Johnson, 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. of Advants, Inc., stated. "PayStar has the network, the relationships and the real estate to deliver exciting results for Advants." Advants expects its public terminals to be as common and essential as public pay telephones have been in the past. This news release includes 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. 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 the company's historic lack of profitability, 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 with the regulation of the telecommunications industry. |
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