| [July 07, 2004] |
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MyVigo Selects IBSS Synapse for RFID Retail Point of Service Solutions
COLUMBIA, S.C. --(Business Wire)-- July 7, 2004 -- Integrated Business Systems and Services, Inc. (IBSS) (OTCBB:IBSS), creator of the Synapse(TM) technology framework for Radio Frequency Identification (RFID) applications, announced that MyVigo Corporation has contracted to leverage the Synapse(TM) platform for the development of MyVigo's revolutionary RFID retail point of service information management system.
MyVigo intends to provide merchants in the United States and Canada with a customized suite of services keyed to RFID preferred customer identification cards/key fobs. The cards/key fobs will carry customer profile data that MyVigo issuing merchants require to identify their preferred customers. Specific customer information (customer purchase history, personal preferences, account balance, eligibility for special discounts, etc.) will be remotely accessible at suitably equipped retail sites and will be seamlessly integrated into the merchants' Point of Service (POS) systems. MyVigo will centrally manage cardholder data at a Nevada operations center, and maintain an Internet site (MyVigo.com) where consumers can review their buying activity, find special merchant offers, add money to their accounts, and more.
MyVigo business plan is to help member merchants expand markets, retain customers, improve efficiencies and benefit consumers by providing proof of purchase, warranty fulfillment, stored value/debit functions and Internet account management.
IBSS will design, develop and deploy MyVigo POS solutions using the Synapse(TM) framework. IBSS will also provide initial data center support for deployment and management of the MyVigo system, including proof of concept, pilot installation and ramp-up to full operation.
MyVigo's custom printed cards and key fobs will be produced by Arthur Blank & Co., Inc., the leading manufacturer of custom printed plastic cards, and supplier of private label loyalty, gift, phone, credit, debit, membership, security I.D., access cards, RFID and Smart cards to many Fortune 1000 companies. The cards/key fobs will carry MyVigo logos and custom artwork based on each merchant's specifications. They will feature an RFID chip, but will also accommodate mag stripe, bar code and human readable identification.
Jake Jacobs, Arthur Blank Senior Vice President for Sales, observed, "IBSS is our preferred provider of automated RFID POS solutions, systems consulting, design, development, implementation and support for our customers and prospects. We have already teamed with them to implement a customer relations program for Midnight Auto, Inc., parent company and franchisor of All Night Auto(R) full-service automotive repair and maintenance shops. This new venture with MyVigo should produce another exciting showcase for our value-added, state-of-the-art RFID business-building concept."
MyVigo President and CEO Ronald B. Cloutier said, "In sparing us the effort of building infrastructure and architecture to support our POS solution, Synapse(TM) is saving MyVigo considerable pain, time and money. It allows us to concentrate on the application, and on expanding our customer and merchant program vision and business plan. Because of IBSS and Synapse(TM), we will be able to respond quickly to merchants' needs and to their requests for new service offerings."
George Mendenhall, Chief Executive Officer of IBSS, stated, "Our relationship with MyVigo provides another example of how IBSS is committed to enabling our customers to rapidly validate their strategic initiatives, create enterprise class solutions, and deploy and support those solutions in a new more productive way by utilizing the Synapse(TM) methodology and technology. IBSS remains committed to providing customized solutions for RFID retail POS opportunities, enabling our partners and customers to execute their application enablement strategy. MyVigo is another step for IBSS in implementing its strategy of finding strong marketing and reselling relationships in niche vertical markets that provide our clients with a significant economic advantage in their space while achieving both their and IBSS's goals."
About MyVigo Corporation
MyVigo Corporation seeks to provide merchants with RFID and Internet tools to advance in real time the management, delivery, acceptance, approval, administration, notice of service or maintenance, and proof of purchase related to commercial transactions -- all with the swipe of a card/key fob at the point of sale. MyVigo and its best-of-class partners offer total planning, installation, start-up, scale-up and customization support, bringing state-of-the-art customer loyalty and management programs to retail entities of every size.
About Arthur Blank & Co.
Arthur Blank & Co., Inc., founded in 1934 and located in Boston, Massachusetts, specializes in all facets of custom printed plastic cards. Products include private label loyalty, gift, phone, credit, debit, membership, security I.D., access cards, RFID and Smart cards, as well as complete card numbering and personalization. The company produces more than 600 million plastic cards a year, and its manufacturing capacity exceeds one billion cards annually. With its distributor partners, Arthur Blank serves many of today's Fortune 1000 companies. For more information, call (800) 776-7333 or visit www.arthurblank.com.
About IBSS
IBSS is the creator of Synapse(TM), a groundbreaking software technology. Synapse(TM) is a complete framework and methodology used to create, implement and manage a wide variety of dynamic, distributed, networked, and real-time enterprise applications including RFID, quickly and efficiently. Global enterprises utilizing Synapse(TM) leverage the power of its single, flexible framework to enjoy tremendous time and cost advantages, in the development, deployment and on-going management of customized applications.
Enabled by Synapse(TM) to take competitive advantage of cutting-edge technologies such as wireless networking, mobile computing and RFID, IBSS and its strategic partners bring solutions to customers for mission-critical applications in manufacturing, distribution, healthcare, finance, insurance, retail, education, and government.
IBSS is headquartered in Columbia, South Carolina. For more information about IBSS and its Synapse technologies and services, call 803-736-5595 or 800-553-1038, or visit www.ibss.net.
Except for historical information, the matters discussed in this news release include forward-looking statements that involve a number of risks and uncertainties. Actual results may vary significantly as a result of a number of factors, including, but not limited to, risks associated with the Company's ability to satisfy its obligations incurred in recent private placements of secured debt, risks in product and technology development and integration, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, and other risk factors detailed in the Company's most recent annual report on Form 10-KSB under the heading "Risk Factors That May Affect Our Financial Condition and Operating Results" and in other public filings the Company makes with the Securities and Exchange Commission. Copies of these filings may be obtained from the Securities and Exchange Commission at its principal office in Washington, DC at prescribed rates by calling 1-800-SEC-0330. These filings are also available electronically through the Internet World Wide Web site maintained by the Securities and Exchange Commission at the Internet address: http://www.sec.gov.
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