ProSeed Capital Holdings CVA Invests in Internet Access Company Kiosk Systems Inc.
BOSTON, Massachusetts- March 22nd, 2001- ProSeed Capital Holdings CVA, a leading international seed investment company incorporated in Belgium, announced today an investment in Kiosk Systems Inc. (KSI), a provider of turnkey kiosk solutions. Currently KSI owns, operates, and services over 170 kiosks, providing public Internet access to companies such as Burger King, Trump Casinos, Logan International Airport, Penn Station, YMCA, and variety of hotel locations including Marriott, Holiday Inn, Best Western and Comfort Inn.
"From simple internet access during a short layover in the airport, to an interactive multi-tiered gaming environment where multiple kiosks are set up in hotels or superstores, the potential uses of kiosks are remarkable," says David Katsnelson, VP US and CFO of ProSeed Capital Holdings CVA. "KSI is uniquely positioned to become the market leader in this environment with their expertise in the running of high quality, user-friendly Internet kiosks, and their dedication to customer service."
Kiosk uses are far-reaching. Capable of public Internet access, or combined with advertising and promotional centers, they can be web-based, cache-based, or touch screen interfaced, and users could potentially complete surveys, mailing lists, or customer satisfaction data. Alternatively, advanced kiosk options offer streaming media content on demand, interactive gaming, or use as self-service automated business centers.
"We are very excited to have ProSeed as an early stage investor and their investment helps to validate our business model," says KSI founder Jim Castellano. "The needs of companies to deliver self-service applications to their customers and the ability of the Internet to offer remote networked solutions defines a tremendous opportunity to deliver innovative location based kiosk solutions. KSI is positioned to be a leader in a market that analysts have defined as poised for rapid growth."
About KSI
KSI was founded in February 2001 through the merger of Telephone Technologies Inc. ("TTI") and Internet Media Group ("IMG"). Headquartered outside Boston, with offices in New York, KSI owns, operates, and services public Internet access kiosks in prime high traffic locations. Providing the public an easy and convenient way to access the Internet while away from the home or office setting, a customer using one of the dollar bill and/or credit card operated kiosks has the ability to "surf" the Net, browse the World Wide Web, send and receive E-Mail, play games, or access America OnlineŽ, Yahoo, and any email service without having to "hookup" a laptop computer or similar device. Users can access valuable online information such as weather updates, sports scores, business news, stock quotes and more. Please visit www.imgkiosk.com for more information, or call (978) 262-0809.
About ProSeed Capital Holdings CVA
Headquartered in Brussels, ProSeed Capital Holdings is an international seed investment company that considers no stage of a start-up`s development to be too early for investment. ProSeed is primarily active in Europe, the U.S., and Israel with offices in Brussels, Boston, and Tel-Aviv. Unlike typical `angel` investors, ProSeed adds value beyond the cash worth of its investment by exposing firms to a diverse network of companies with financial and operational partners, yet takes care not to incubate or run companies. ProSeed focuses on investments within high-tech fields such as the Internet, life sciences, biometrics, and speech technology, creating a strategically diversified portfolio that mitigates the risk inherent within any start-up investment. Please visit www.proseedcapital.com for more information.
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