Info Touch Technologies Launches Pilot Program with Sunoco (R&M) to Offer Cash-Preferred Customers Access to Bill Payment and Financial Services
"Customers to make Real-time bill payments in cash using self-service TIO terminals"
Burnaby, BC, March 6, 2006 - Info Touch Technologies Corp. (TSX-V: IFT), owners of the TIO Network, has teamed up with Sunoco, Inc.`s (NYSE: SUN) Retail Marketing division to set up a pilot program deploying, for a limited time period, self-serve automated bill payment and financial services touch-screen terminals at certain Sunoco APlusR convenience stores in the Pittsburgh, PA area. The terminals seek to provide a convenient way for customers to pay a host of bills including wireless, utility and cable bills, to view and update their accounts, and to purchase prepaid products and services and revalue and/or activate stored value products. The first deployment will be completed in March 2006.
"We are thrilled to partner with Sunoco, one of America`s truly trusted brands, to expand our bill payment and financial services program", said Hamed Shahbazi, Chairman and CEO of Info Touch Technologies. "IFT believes that this pilot program with Sunoco presents a significant opportunity to serve the cash preferred community with cash based financial services as provided by the TIO program".
About Info Touch
Info Touch Technologies, a strategic investment of Hewlett Packard, is building the "TIO Network" the largest and most convenient national multi-retailer network of financial services kiosks for the non-banked consumer marketplace in North America. The company leverages its core competencies in self-service bill payment processing, financial services aggregation and automation to create financial viability for its network and its location partners. Info Touch`s Premiere (powered by Surfnet) is the preferred software platform for the delivery of automated services such as bill payment, money transfer, digital merchandising, PIN dispensing for pre-paid products and services, maps and directions, check cashing and electronic coupons. Info Touch clients include: Circle K, ExxonMobil, Alimentation Couche-Tard, Speedway SuperAmerica, Cricket Communications, COX Communications, Memphis Light Gas and Water (MLGW) and Qwest Communications.
About the TIO Network
With more than 700 locations and 6 top tier corporate owned convenience store chains participating, the "TIO Network" is the largest national multi-retailer network of self-service financial service kiosks in North America. The TIO brand symbolizes safe secure access to key financial services with `real time` updates for the cash preferred consumer.
About Sunoco Inc.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 900,000 barrels per day of refining capacity, approximately 4,800 retail sites selling gasoline and convenience items, approximately 4,500 miles of crude oil and refined product owned and operated pipelines and 38 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco also has the capacity to manufacture over 2.5 million tons annually of high-quality metallurgical-grade coke for use in the steel industry.
For further information, please contact:
Behshad Hastibakhsh, Media Relations - Info Touch
Technologies
Tel: 604.298.4636, Ext. 250
Toll Free: 888.679.3322
Email: pr@infotouch.net
John Lewis, Business Development - Info Touch Technologies
Tel: 416-364-2266
Toll Free: 1-877-600-6001
Email: jrlewis@infotouch.net
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