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PayStar Enters Multi-Million Dollar JV With SMO Multimedia Corp Tuesday July 12, 9:30 am ET
LODI, Calif., July 12, 2005 (PRIMEZONE) -- PayStar InfoStations, Inc., a PayStar Corp. (Other OTC:PYST.PK - News) division is pleased to announce it has signed an letter of intent for a joint venture with SMO Multimedia Corp., a subsidiary of Strategic Management & Opportunity Corp. (Other OTC:SMPP.PK - News) to unite the creative efforts of both kiosk companies and jointly market the multiple products and services offered by both parent companies. Terms of the agreement afford for the immediate funding by PayStar to SMO Multimedia supporting the current expansion and deployment of its U.S. Military AAFES Photo kiosk project. This contract (announced May 16, 2005 by SMPP.PK) calls for the deployment of 118 of the companies technologically enhanced photo kiosk units into 115 military installations (http://www.ezpixkiosk.com). PayStar will receive a fifty percent (50%) interest in this military project. ADVERTISEMENT
Strategic Mgmt. will provide PayStar with favored nation pricing on all services, including its Network Operation Center (NOC) Services, Digital Advertising network and nationwide Kiosk installation services. Both companies will immediately begin marketing each other's technologies to their current customer bases. Initial photo kiosk deployments have begun all over the country and the definitive agreement is expected to be finalized by July 30, 2005. The five-year military contract is valued at approximately $24,000,000.00 US.
``Paramount to the success of both companies kiosk business models is critical alignments with synergistic companies that are making a difference today in the kiosk industry,'' stated Robert J. Pratt, CEO and Chairman of Strategic Management & Opportunity Corp. Mr. Pratt continued, ``The foundation is now in place that will allow both of our companies to leverage each others technical and creative strengths and build a powerful alliance; we are proud to be PayStar's newest kiosk partner.''
``Strategic Management has proven their best-of-breed technologies in the Digital Photo kiosk industry with this recent award of this military contract,'' commented W. D. Yotty, Chairman and CEO of PayStar. ``PayStar is pleased to have joined with SMO Multimedia in facilitating the funding of this major photo kiosk roll-out and we look forward to several more joint kiosk opportunities in the near future.''
About PayStar
PayStar Corporation (http://www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, Kiosk marketing and management. PayStar's GLOBALCash, Inc. (http://www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
Contact: PayStar Corporation B. Thomas (209) 339-0483 bthomas@paystar.com
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Paystar Inks Multi-Million Dollar Photo Kiosk Deal
LODI, Calif, Jul 21, 2005 (PRIMEZONE via COMTEX) -- PayStar InfoStations, Inc. a PayStar Corp. (Pink Sheets:PYST) division, is pleased to announce it has signed a five (5) year joint venture agreement with SMO Multimedia Corp., a subsidiary of Strategic Management & Opportunity Corp. (Pink Sheets:SMPP) to jointly market the EZpix photo kiosk and multiple products and services offered by both parent companies. Terms of the agreement afford for the immediate funding by PayStar to SMO Multimedia for the deployment of its US Military AAFES Photo kiosk project. This contract (announced May 16, 2005 by SMPP.PK) calls for the deployment of 118 of the companies technologically enhanced Photo kiosk units into 115 military installations (www.ezpixkiosk.com). PayStar will receive a fifty-percent (50%) interest in this Military project. Strategic Mgmt. and PayStar's kiosk division have begun marketing each others technologies into their current customer bases. Ongoing Photo kiosk shipments now exceeded 16 deployments all across the country in both US Army Forts and Air Force Bases. The entire 118 photo kiosk deployment is anticipated to be completed within the next 60 days.
Each photo kiosk has anticipated Media (digital photo processing and specialty items, such as photo cups and T-shirts) revenues after market acceptance of approximately $4,000.00 per month. Additional revenues are made available by SMOC's innovative 17" LCD kiosk display header, which advertising agencies currently in negotiations with the JV partners have valued at over $1,000.00 per month in recurring ad revenue. That amounts to a healthy return on investment and when viewed within the five (5) year AAFES agreement perspective, results in a project forecast of potential revenues exceeding $35,000,000.00.
"As I have stated before, Strategic Management has clearly proven their best-of-breed technologies in the Digital Photo kiosk space with the award of this AAFES Military contract," commented W. D. Yotty, Chairman and CEO of PayStar. Mr. Yotty continued, "PayStar and SMOC's JV agreement has already resulted in identifying over 300 additional EZpix photo kiosk retail vending deployments in North America, all coming right behind this AAFES roll-out."
About PayStar
PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
SOURCE: PayStar Corporation
By Staff
CONTACT: PayStar Corporation B. Thomas 209-339-0483 bthomas@paystar.com
(C) 2005 PRIMEZONE, All rights reserved.
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INDUSTRY KEYWORD: Financial Services SUBJECT CODE: JOINT VENTURE PHOTOGRAPHY MILITARY Joint Venture Product Services Announcement
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