Coupon Express Inc. has signed an agreement with New York-based Premium Leasing LLC to lease Kiosks for distributing its coupons, which the company hopes will expand its growing business to attract new partners and additional supermarket retailers.

The Kiosks will be manufactured and provided by Northeast United Corp., and the agreement includes a 25 percent down payment from Coupon Express for each Kiosk leased.

“The goal of Coupon Express' expansion continues to remain the unlocking of value for our shareholders,” said Coupon Express’ CEO Eric Kash. “This agreement is another milestone with that goal squarely in mind.”

President of Premium Leasing LLC Barry Newman commented on the deal, saying “We are pleased with Coupon Express’ ability to operate its business in a highly efficient model.” Newman also praised Kash and his team.

“Specifically, I have additional confidence in Eric Kash, CEO of Coupon Express, Inc. and his management team. They continue to demonstrate tangible results in the form of both strong growth in deployments and paid ads per Kiosk.”

The Kiosk deal will significantly shorten lead times for coupon campaigns, which traditionally range as long as 90 to 180 days.

“With Coupon Express, it requires just 24 hour notice. In some circumstances, changes may be facilitated in as short as just 15 minutes,” said Kash.

In addition, the Kiosk agreement allows Coupon Express to access a wider customer base spanning across the U.S.

“The flexibility of our Kiosks permits coupons to be placed in individual locations, including a specific city or region of the country,” says Kash.

The agreement will also continue the many successful business relationships manufacturers and partners have with Coupon Express, says Kash.

“We have proven to be an effective partner to our customers, helping them increase their sales of food, health/beauty aids and alcohol products. At the same time, the manufacturers of these products are experiencing increased cycle time of information for coupon printing and redemptions.”