PayStar Partners with I&E to Produce Choice Kiosk.Business Editors LODI, Calif.--(BUSINESS WIRE)--March 25, 2002 PayStar Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PYST), the nation's leader in providing content based Internet Kiosks, Cashless ATM devices, Prepaid Wireless Banking Services and Telecom Services today announced the forming of a strategic partnership with Instruments & Equipment Company (I&E) of Sparta, N.J., to produce PayStar's highly customized Public Internet Access See how to access the Internet. Terminals via PayStar's InfoStation Network (ISN Noun 1. ISN - Switzerland's information network for security and defense studies and for peace and conflict research and for international relations International Relations and Security Network ) located in select Choice Hotel brands nationwide. "The kiosk team at I&E has gone to great lengths to produce a specialized series of Internet kiosks that will enhance PayStar's product offerings," commented Carla Buckner, sr. vice president of sales & marketing for PayStar. "The units are both aesthetically pleasing and highly functional." The NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers EasyPoint(TM) kiosks, with custom remote-administration software, are designed to offer interactive consumer service capabilities in an attractive terminal. Consumers will be able to enjoy the diverse functionality of the kiosks, which will feature both touch screen and keyboard options. The units will support Internet browsing, fully synchronized full-motion video Video transmission that changes the image 30 frames per second (30 fps). Motion pictures are run at 24 fps, which is the minimum frequency required to eliminate the perception of moving frames and make the images appear visually fluid to the eye. and high-quality audio, wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. along with various peripherals, such as credit card readers, dollar bill acceptors and magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. readers. "I&E is totally committed to becoming the industry's premier source for kiosk systems and solutions," stated Brian McGrady, general manager of Instruments & Equipment Company. "Our goal is to produce a kiosk that represents the best in technology, quality, functionality, innovation and value. We are pleased that PayStar is committed to the same high level of quality assurance." About Instruments & Equipment Instruments & Equipment Company is a supplier and full-service integrator for NCR Easy Point Web Kiosks, Public Internet Access Systems and Custom Kiosk solutions. Utilizing a core hardware competency and several key strategic partnerships, I&E has developed a "One-Stop-Shop" capability to provide kiosk hardware systems and solutions to end-users, VAR's & integrators, and the O.E.M. By working closely with IT professionals and system integrators, I&E's Engineers insure success and can take any kiosk project from the critical initial prototype stage to the roll-out, including nation-wide service and maintenance. About PayStar PayStar Corporation, a premier global distributor of telephony and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , provides its customers with an array of enabling devices. PayStar is comprised of three fully integrated divisions: Commercial Telephony Switch Services, Consumer Internet and Telephony Products including prepaid cards, and Consumer Services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, providing service and maintenance of Cashless Teller Machines (CTMs) and Internet enabled kiosks. PayStar is the location services provider (LSP LSP - Label Switched Path ) to retail merchants and is considered a "carriers carrier" for wholesale telecom services worldwide. Internal sales as well as mergers and acquisitions drive success. PayStar's global strategy centers on expanding its network of thousands of locations that utilize state-of-the-art enabling devices. For more information, call PayStar at 877/769-7827 or visit their web site at www.paystar.com. This news release contains 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 outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer 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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