WOODINVILLE, Wash., Sept. 15 /PRNewswire/ -- The Pathways Group, Inc.
(OTC Bulletin Board: PTHW - news) today announced that it has signed a letter of
intent with privately-held Enchanted Parks, Inc. for the installation of the
Company's TIKITBOX II unattended ticketing and smart card kiosks at their Wild
Waves and Enchanted Village water and amusement park located in Federal Way,
The letter of intent anticipates the Company installing a limited number
of kiosks on a pilot basis for operation during the Christmas holiday
promotion and, upon the conclusion of the pilot, gives Enchanted Parks, Inc.,
the option for a rollout of several kiosks throughout the park in time for
their main season opening in May 1999.
Carey F. Daly II, Chairman and President of The Pathways Group, Inc. said,
``We are pleased at the enthusiasm for this technology in the amusement park
market and are already building momentum towards the International Association
of Amusement Parks and Attractions trade show in Dallas, Texas in November. We
believe that the uniqueness of our product offering will lead to a significant
market share in this industry.''
The Pathways Group, Inc. provides clients with innovative and unique
solutions for securely creating, capturing and processing data and electronic
transactions using custom application software and hardware systems. The
company was established in 1987 by Carey Daly and has evolved into a leader in
the development of custom software and hardware for electronic banking, data
and transaction processing, and smart card applications. Pathways creation of
proprietary ``back room'' systems allows for the capture and processing of data
and transfer of funds via ``ACH'' protocol, the standard used in the banking
industry for transfer of funds in retail, medical and institutional
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Act of 1995. Actual
results may differ materially from those projected in any forward-looking
statement. Investors are cautioned that such forward looking statements
involve risk and uncertainties, including, but not limited to, dependence on
the developing smart card marketplace; market acceptance of the company's
products; the rate at which the company's customers deploy smart card
solutions; and dependence on third party marketing arrangements.
Newsbit furnished by:
A: NetShift Software Ltd.
A: Hughenden Yard, Marlborough, Wilts,SN8 1LT, UK
T: +44 (0)1672 511 094
F: +44 (0)1672 511 078
E: [email protected]
E: [email protected]
Thanks Tim and Anna!