Printer Friendly
The Free Library
4,489,688 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

nFinanSe Announces Distribution Agreement with Now Prepay.


TAMPA, Fla. -- nFinanSe Inc. (OTCBB:NFSE) today announced that it has signed a distribution agreement to provide nFinanSe[TM] Discover[R] Network Reloadable Prepaid Cards and Gift Cards to Now Prepay, a division of VendTek Systems Inc. (TSX VENTURE:VSI). Now Prepay has been created specifically to commercialize VendTek's e-Fresh Electronic Distribution Technology within North America.

According to nFinanSe's Vice President of Retail Sales, Karen P. Sobie, "Our agreement with Now Prepay enables us to offer our demonstrably superior and pleasingly different reloadable prepaid cards and gift cards to an additional distribution channel of merchant acquirers and Independent Sales Organizations, or ISOs, throughout the United States. These organizations provide payment processing for a variety of medium-to large-sized merchants that are mostly in the retail, petroleum, grocery and hospitality industries."

"We are extremely pleased to partner with nFinanSe and offer their service on our network. The nFinanSe Discover[R] Network Prepaid Cards provide our retailers with further diversified product offerings. We look forward to working with nFinanSe," said Doug Buchanan CEO of VendTek.

"VendTek is one of the largest prepaid distributors in Canada. We are very excited to be working with them as they expand their footprint into the United States market," closed Ms. Sobie.

About nFinanSe Inc.

nFinanSe Inc. is an innovative financial services company and provider of stored value and prepaid card solutions headquartered in Tampa, Florida. nFinanSe has developed the nFinanSe Network, a secure, reliable, point of sale (POS) and PC based software platform that connects retail merchants with multiple stored value prepaid card processors and issuing banks. nFinanSe owns and operates the nFinanSe Network as a standardized, national network of stored value and prepaid card cash load stations located throughout the United States.

About VendTek Systems Inc.

VendTek develops and licenses automated transaction system software and supporting technologies that improve the efficiency of product delivery, reduce costs to clients and offer superior safety measures. VendTek's customers and its subsidiary, VendTek Systems Technologies (in China), are using e-Fresh[TM] software to build electronic, prepaid services networks, which enable consumers to purchase prepaid services via POS and self-serve terminals connected to a central e-Fresh[TM] server. This system creates significant value through improved efficiencies compared to the traditional distribution paradigm. e-Fresh[TM] reduces shrinkage and inventory requirements while improving consumer access to prepaid services by completely eliminating physical cards and vouchers. For further information please visit the Company's website www.vendteksys.com.

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking statements based on nFinanSe Inc.'s, or the Company's, current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company's products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K for the year ended September 30, 2006 on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 24, 2007
Words:608
Previous Article:GameStop Announces Landmark Store Opening.
Next Article:NexHorizon Begins Phase 1 to Upgrade Chula Vista Cable.
Topics:



Related Articles
NAFTA: it's not just about trade! The North American Free Trade Agreement was intended from the beginning to be the foundational framework for a...
Is it "free trade" or something else? "Free trade" agreements are composed of large numbers of all-encompassing regulations. Do such tight controls...
Winoker Realty Company announced it represented Old Windsor Management, owners of 383 Fifth Avenue in a 2,500 s/f lease.(New York)
Colliers ABR, Inc. announced that Personality Institute has taken an additional 2,521 s/f at 286 Madison Avenue to bring their total space in the...
Vertical branding tries two paths to move merchandise: company does both retail distribution and direct marketing of products.(SALES)
Sports network gets big boost in run-up to Olympics: Online sports company to team with ESPN for Games.(PARTNERSHIP)
Bull market.(SPORTS BUSINESS)
Contingent Fees for Personal Injury Litigation Attorneys
What Is A Boundary?
Parents - What Kind of Role Model Are You?

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles