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News for 'PTSN' - (PTS, Inc. Acquires Marketing Rights from Alliance Card, Inc. for New Integrated Card Technology)
LAS VEGAS, Jan 20, 2005 (BUSINESS WIRE) -- PTS, Inc. (OTCBB:PTSN) today announced that Global Links Card Services, Inc. ("GLCS"), PTS's wholly-owned subsidiary, signed an agreement with Alliance Card, Inc. of Burnsville, MN that permits GLCS to market a new integrated loyalty card. This card-based technology is the first of its kind nationally and can simultaneously serve an unlimited number of card users, merchants and private community organizations in multiple markets. GLCS will market the loyalty-rebate card under its own brand name, FastMax(TM).
Using proprietary magnetic stripe technology, the FastMax(TM) Rewards Card works with the existing infrastructure, allowing transactions to be processed using standard credit/debit card equipment and POS (Point of Sale) systems. FastMax(TM) Rewards Cards can work as a stand-alone card, or with existing GLCS debit card programs. This first of its kind technology tracks customer transactions and manages up to 250 currencies, whether that be cash, frequent flyer miles, volunteer dollars, rebates, payroll, barter, foreign currencies, and so forth.
About PTS, Inc.
PTS in November, 2004, acquired Glove Box, Inc. Glove Box, Inc. owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a freestanding dispenser of disposable latex gloves, which is being marketed by PTS in the U.S. and in Asia. PTS acquired GLCS in December, 2004, establishing it in the debit card distribution business.
About Alliance Card, Inc.
Alliance Card, Inc. (ACI) located in Burnsville, Minnesota, was founded in October 2003. ACI provides enhanced financial services and instruments that directly impact the economic growth of individuals, businesses and communities. ACI's core service is the development and deployment of an electronic debit card transaction-processing platform, which is supported by POS (point of sale) electronic card readers that capture basic transaction data.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995.
SOURCE: PTS, Inc.
CONTACT: PTS, Inc.
Peter Chin, 702-380-3811
PSC3388@yahoo.com
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