TSS LIMITED TO OFFER NEW COUPONING CONCEPT WITH INNOVATIVE COUPON CO.
PROVIDENCE, R.I., Nov. 24 ~PRNewswire~ -- TSS Ltd. (NASDAQ: TSSL) reported today that it has entered into an agreement with Innovative Coupon Company, Danville, Calif., to attract the participation of merchants located in the areas where TSS couponing programs are being conducted in supermarkets. In addition to selling participations to national packaged goods manufacturers, TSS will offer local area merchants coupon slots on the TSS in-store terminals for products and services that do not compete with those for sale in the supermarket. In making the announcement, Michael A. Clark, president, said, "Ralphs supermarkets in southern California will be the first chain to participate. TSS also has a similar agreement with a second major supermarket chain. "Promotion by local area merchants in supermarkets is a well established marketplace. There is a significant business already established using back of cash register receipts. We believe that the TSS terminal provides a superior delivery mechanism for these promotions and that the introduction of this new application will help us to maximize the revenue potential of each terminal." In the United States, TSS currently operates programs in Ralphs supermarkets in southern California and in Kmart stores in Michigan and Ohio. In Europe, TSS and local partners operate programs in Match stores, a supermarket chain in Belgium and in ICA stores, a chain of supermarkets in Sweden. In addition TSS currently has letters of intent for demonstration programs with divisions of three other United States supermarket chains, including Sentry Markets, a division of Fleming Companies, and Kroger's Dallas division. -0- 11~24~92 ~CONTACT: Michael A. Clark, president of TSS Ltd., 401-421-8990, or John Swanson of Swanson Communications, Inc., 212-683-4890, for TSS Ltd.~ (TSSL)
CO: TSS Ltd. ST: Rhode Island IN: SU:
TS-OS -- NY024 -- 0977 11~24~92 10:42 EST
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|Date:||Nov 24, 1992|
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