Steve Apesos to Rejoin Utix.20-Year Card Payments Veteran Returns as EVP/Managing Director BURLINGTON, Mass. -- Utix Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UTIX), a leader in prepaid gift tickets, announced that Steve Apesos, a 20+ year professional in the cards payment business will rejoin Utix, effective Wednesday, December 13. Apesos will return to the company in an expanded role as Executive Vice President/Managing Director. Apesos left Utix last year to join GE Money as a Vice President of Business Development. He returns in his increased role as the company enters the new year with a patented prepayment network system and several large commitments from gift card providers that are expected to increase the company's distribution system and sales. "So many positive accomplishments have happened to Utix since my departure last year," Apesos said. "With the company's recent patent grant, its licensing agreement with the PGA TOUR, and extended agreements with Discover Network and other payment platforms, the future is very exciting for Utix within the rapidly growing prepaid gift space." Apesos initially worked with Utix from 2002-2005 in a senior role with Utix 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. , Tony Roth, during the restart of the new company, securing a magnetic strip prepaid platform with Discover Financial Services, a business unit of Morgan Stanley (NYSE NYSE See: New York Stock Exchange :MS), and processor eFunds (NYSE:EFD EFD Event Forwarding Discriminator (TMN) EFD Enterprise Flash Drive EFD Education for Democracy (AEGEE) EFD Engineering Field Division EFD Engineering Field Division (NAVFAC) ), a leading payment processing and information intelligence company. He helped to hire many of the staff members and forged many initial relationships with American Express, Carlson Marketing, the PGA TOUR and Elizabeth Arden/Red Door. In his expanded role, Apesos will manage strategic development of the products, key marketing initiatives, and many material co-brand and distribution partnerships. While reporting directly to Roth, Utix CEO, Apesos will be responsible for much of the day-to-day operations affording Utix expanded leadership and vision. Tony Roth, CEO of Utix, stated, "Utix is very lucky to have Steve back, as much of our successful platform development and commercialization of the now patented prepaid gift ticket experience system came from Steve's vision, guidance and sheer will. In addition, many of our now established relationships and key management staff came from Steve's valuable network of business relationships and past experience throughout the industry." Apesos Career Apesos' background includes more than 10 years as a marketing communications executive in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with Manning, Selvage and Lee. During his tenure there he managed the marketing communications on behalf of the agency for Visa USA and their Olympic Sponsorship. In 1990, he joined MasterCard International as VP of Communications and assisted in the launches of that card association's first cobranded credit card products and the Maestro debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. network. In 1995, he was promoted to VP Consumer Marketing and Sponsorship and managed MasterCard's US sponsorship presence with the PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used. (2) (Programmable Gate Array) See gate array and FPGA. , World Cup, NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. and the National Hockey League National Hockey League (NHL) Organization of professional North American ice-hockey teams. The league was formed in 1917 by five Canadian teams; the first U.S. team, the Boston Bruins, was added in 1924. It today consists of 30 teams in two conferences and six divisions. . In 1996, he joined First USA Partners in Wellesley, MA., as an SVP SVP S'il Vous PlaĆ®t (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul of Cobrand Sales. He led the team that secured several large cobrand programs on behalf of First USA Bank and later the Bank One credit card portfolio including BJ's Wholesale Club BJ's Wholesale Club, Inc. NYSE: BJ is a membership-only warehouse club chain operating in the East Coast of the United States, as well as in the state of Ohio. History , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , Walden Book Stores and Disney, as well as many sports and entertainment affinity card programs. About Utix Group Based in Burlington, Massachusetts, Utix issues its proprietary technology and co-branded prepaid experience products, including Golf, Bowling, Ski, Spa and Movie Tickets to the business-to-business industry and retail marketplace. As an authorized DISCOVER Network Issuer, Utix offers prepaid experience tickets nationwide, allowing recipients to enjoy a specific experience using a durable plastic card product rather than paper at more than 12,000 nationwide locations of their choosing. For more information about the Company, please visit our website at http://www.utix.com . This press release contains "forward-looking statements" and information relating to our business that are based on our beliefs as well as assumptions made by us or based upon information currently available to us. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are intended to identify forward-looking statements. This press release reflects our current views and assumptions with respect to future events and are subject to risks and uncertainties. Actual and future results and trends could differ materially from those set forth in such statements due to various factors. Such factors include, among others: general economic and business conditions; industry capacity; industry trends; competition; changes in business strategy or development plans; project performance; the commercial viability of our retail gift card platform and offerings; availability, terms, and deployment of capital; availability of qualified personnel; and ability to generate new markets for our products. |
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