posted
The market for this company's business is simply huge. Stock moving up nicely today. It has the potential of being a exponential gainer if they continue to execute.
PSI Corp. Announces First Order of its Cash Express(TM) Kiosk/ATM Monday March 10, 9:30 am ET
NEW YORK, March 10 /PRNewswire-FirstCall/ -- PSI Corp. (Pink Sheets: PSCP - News) a provider of customer facing, public access and self- service systems, today announced it has received a 10 unit order of its Cash Express(TM) Kiosk/ATM from Tellagent, a Credit Union Service Organization (CUSO) of Paragon Federal Credit Union. Paragon Federal Credit Union is one of the largest credit unions headquartered in New Jersey with over 62,000 members.
David Foni, chairman and CEO of PSI Corp. stated, "This purchase order is the first ever received by PSI Corp for its Cash Express(TM) Kiosk/ATM. It is indicative of the successful effort extended by both PSI Corp and Tellagent in developing a comprehensive solution for providing a bevy of services to credit union members on a 24 hour service level." Mr. Foni further stated, "PSI Corp anticipates that subsequent to a soon to be initiated 90 days beta test of its initial tranche of units, PSI Corp will be in a position to receive additional orders for its Cash Express(TM) Kiosks/ATM."
David Gardner, National Director of Sales for Tellagent LLC, a CUSO of Paragon Federal Credit Union, quotes Richard Rays, CEO of Paragon, "We are excited about the marketing opportunity afforded to us with the Cash Express(TM) Kiosk/ATM. It is an extraordinary device which will revolutionize the financial service industry. We are confident that this unit will permit our credit union, as well as over 8000 other credit unions, to have the ability to utilize the Cash Express(TM) Kiosk/ATM, expand both our memberships in the credit union and provide more sophisticated financial services to our existing members."
About PSI Corp: provides interactive customer communications systems and applications that support the targeted marketing programs at point-of-purchase (POP) service and information. The company has two vertical products: full motion video digital signage and full service Cash Express(TM) Kiosks/ATM. Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward- looking statements made by PSI Corp. are not a guarantee of future performance.
Posts: 330 | Registered: Nov 2006
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posted
Wait, they sold 10 ATMs and you're talking about exponential price appreciation?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Hey buddy, simply keep it on your radar, I've been following the company for the last year or so and have spoken with management many times since they took over from old management.
It's important to note who they sold the first 10 to and extrapolate what that could be going forward if their system were adopted widely with all the credit unions, there are literally tons of them.
Foni is a quality CEO with his own money where his mouth is and he's pretty accomplished. This is a complete equity play for him.
Stock was up 43% today and I predict this could just be the beginning of a longer term trend assuming management continues to execute.
My longer term target is $.80-$1. Best to you as always!
Posts: 330 | Registered: Nov 2006
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