LAS VEGAS, Sept. 24 /PRNewswire/ -- Phoenix Technology
Holding, Inc. (Phoenix), exclusive
licensor of the SCTN (Pink Sheets: SCTN) Patented Loyalty
Technology and a leading edge provider of information technology
solutions for loyalty programs, announced today that it has signed
a contract with ExaDigm, a worldwide provider of "state-of-the-art"
terminal systems.
- SCTN Patented Loyalty Technology will be placed Inside the
latest ExaDigm X2100 and the X2500 Terminals that will be deployed
worldwide.
- Existing Phoenix Licensees, such as Front Stream
Payments/Direct Technology, Total Venue Control, Advanced Health
Care Systems, MYnizaga and several prospective Phoenix licensees will be able to utilize the
SCTN Patented Loyalty Technology Inside the ExaDigm Terminals.
The initial deployment under this contract will take place
immediately for some of our current licensees, while others will be
gradually phased into this wireless terminal system. This will be
offered to all new licensees currently under contract discussions
with the company.
Bernard McHale, CEO of
Phoenix states:
"We are pleased to announce that our MYnizaga Consulting LLC
Advisor is undertaking an on-site architecture consultancy. This
will be utilizing the Phoenix Operating System with the SCTN
Patented Loyalty Technology Inside. Initially the project is being
undertaken with a major company that produces over U.S.
$3 billion in annual revenue. The
resulting multi-tier B2B (business-to-business) and B2C
(business-to-consumer) loyalty program will rank among the largest
loyalty programs in the world. Preliminary estimates are that up to
100 million consumers and 300,000 participating merchants will
deploy the ExaDigm terminals.
McHale said, "Signing ExaDigm now sets the stage for bringing
our Loyalty Central™ Operating System, with the SCTN Patented
Loyalty Technology Inside, to the world. This is only one of
several clients currently under licensing discussions with
Phoenix . I would like to thank
our investors for staying the course and providing us the
opportunity to become a world class enterprise because the best is
yet to come. This is a forward looking statement, but as the
Phoenix CEO I believe it is time to make this statement."
ExaDigm is a leading innovator of modular IP-based
technology-focused terminal solutions, enabling businesses
worldwide to expand revenues, reduce costs and boost productivity.
Leveraging advanced technologies, modular designs and a flexible
platform architecture, ExaDigm delivers a range of products and
solutions that easily and securely adapt to changing technologies
without incurring the high cost normally associated with
change.
Note: A more formal press release of the contract between
Phoenix and ExaDigm will be
announced by both companies in the next few weeks.
ABOUT THE COMPANIES:
Phoenix Technology Inc.:For more information
contact Bernard McHale at
bernard.mchale@phoenix-tec.com or phone 702-309-7051, or visit
www.phoenix-tec.com.
ExaDigm:For more information phone 866-392-8326, e-mail
investors@exadigm.com., phone investor relations at
949-486-0320, or visit www.exadigm.com.
Mynizaga Consulting LLC: For more information or an
on-site product demonstration, contact Robert Buchan, CEO at
bob@mynizagaconsulting.com, phone: 702-280-1401 or visit
www.mynizagaconsulting.com
Schimatic Inc. dba Smart Chip Technologies LLC (SCTN):
SCTN receives royalty payments for usage of its products.
Contact Stephanie Mosqueda at 702
309-7052, Stephanie.mosqueda@sctn.com or visit www.sctn.com
Disclaimer:
Any statements contained in this document that do not describe
historical facts may constitute forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and
uncertainties.
SOURCE Phoenix Technology Holding, Inc.
Copyright . 24 PR Newswire