Printer Friendly

Interactive Processing, Inc. Receives Purchase Order From Spencer Gifts and Signs Agreement for Purchase Order Financing.

LAS VEGAS--(BUSINESS WIRE)--Aug. 4, 1998--Interactive Processing, Inc. (OTC BB:IAPI) announced today it has received a Purchase Order from Spencer Gifts and signs an agreement with First Vancouver Finance for purchase order financing.

Interactive Processing also announces a feature write up in Maxim Magazine for the September 1998 issue.

IAPI has received a purchase order for a container of TV Terminator remote controls from Spencer Gifts a national retail chain owned by Universal Studios with over 500 stores in the United States and Canada.

IAPI signs an agreement with First Vancouver Finance a finance Company with over 20 years experience in the factoring business.

Maxim Magazine of New York has included a 1/3 page photo layout, which features in the Circus Maximus section of their magazine. The feature includes the Football Sport Remote, TV Terminator, and Hockey Puck Remote. The September issue should be on the shelves in mid August.

Sheldon Silverman, CEO, says, "We have received our first purchase order from a large recognized retail chain and this is a major step towards IAPI's goal to sell products worldwide. The signing with First Vancouver Finance will secure further sales and give the company leverage for further product development. The feature in Maxim Magazine is great for the Company's exposure of the product line. Maxim Magazine demographics being mainly male readers between 20 - 40 years old, will generate direct sales and will bring new investors to IAPI."

IAPI manufactures and sells interactive universal remote controls directed towards sports enthusiasts. IAPI's universal remote controls are also being aimed at the premium market for additional advertising for large Corporations. IAPI has met with and shown the Football Sport Remote to several large Corporations for premium purchase orders. IAPI has already received purchase orders from Anhueser Busch, "Budweiser."

 CONTACT: Interactive Processing, Inc.
 Sheldon Silverman, 800/522-6888 or 604/606-8080
 Web site: http://www.remotecontrols.com (IAPI)
 E mail: termin8r@uniserve.com


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Aug 4, 1998
Words:321
Previous Article:Electricity Consumption in California Breaks New Record; Cal-ISO Activates Day Two of Stage One Electrical Emergency; Customers Urged to Conserve...
Next Article:American Dental Technologies Granted Summary Judgment Against Kreativ, Inc.
Topics:


Related Articles
BTG moves Spencer Gifts onto the Internet.
Interactive Processing, Inc. Receives Purchase Orders From Anheuser Busch and Numerous Catalog Companies for the Football Sport Remote.
SportsLine USA, Inc. to Offer Largest Assortment of Upper Deck Sports Collectibles Available in the World.
Images Now! Price and Purchase Stock Images Instantly with Interactive Pricing and Licensing at Stockmarketphoto.com.
barnesandnoble.com Launches Holiday Gift Center; New Merchandise and Technology Features Provide an Easy Shopping Experience.
Spencer Gifts Taps NuEdge Systems; Individualized Marketing Will Drive Customer Loyalty Programs.
Aircraft News - North America.
Spencer Gifts Outsources its EDI Operations and Launches EDI Enablement Program with SPS Commerce Targeting 500+ Vendors.
Aircraft News - Europe.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters