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DataWave Certifies Ingenico Terminals for Prepaid Product Point-of-Sale Activation
VANCOUVER, British Columbia --(Business Wire)-- March 30, 2005 -- DataWave Systems Inc. (OTCBB:DWVSF)
DataWave Systems Inc. announced today that it has certified Ingenico's Elite 710 "multi-app ready" terminal with its Point-of-Sale Activation (POSA) technology for use at retail locations throughout the United States and Canada. These economical and robust terminals will now be able to activate DataWave's prepaid long distance cards, cellular PINs and other prepaid products.
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DataWave's POSA technology gives retailers the capability for instantaneous on-demand electronic delivery of PIN-based prepaid products.
"The Ingenico terminal line provides a comprehensive suite of products that will enable merchants throughout North America to quickly and intuitively activate prepaid products at the point of sale," stated David Knox, chief operating officer of DataWave. "Ingenico's worldwide and Canadian market leadership, as well as their secure multi-application terminal architecture were instrumental is us selecting them as a provider and partner."
About Ingenico (www.ingenico-us.com)
With a 26% market share, Ingenico is the world's largest provider of secure payment and transaction systems used by banking, retail, petroleum, transportation, healthcare and governments to ensure the secure acceptable and flow of electronic commerce. The company's 1,300 employees, as well as network of subsidiaries, partners and distributors make it simple, fast and safe to purchase goods and services anywhere in the world.
About DataWave (www.datawave.com)
DataWave has been an innovator and developer of prepaid and stored-value programs and merchandising solutions since it was founded in 1994. DataWave pioneered systems that allow for point-of-sale activation of high value, high shrinkage products, such as cash cards, prepaid phone cards and prepaid wireless time. These systems work equally well over the Internet, through intelligent freestanding vending machines and POSA terminals, or with various card activation devices, including cash registers.
DataWave Systems Inc.
John Gunn, General Manager, CFO
Legal Notice Regarding Forward-Looking Statements:
Statements in this news release which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that the company's actual results and outcomes may differ materially from those contained in the forward-looking statements contained in this release.
Although we believe that the beliefs, plans, expectations and intentions contained in this letter are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Readers should also refer to the risk disclosures outlined in our annual report on Form 10-KSB for the year ended March 31, 2003, filed with the United States Securities and Exchange Commission.
"DataWave" is a registered trademark of the Company. All other trademarks and trade names referred to are the property of their respective owners.
DataWave Systems Inc. (OTC Bulletin Board:DWVSF)
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