Newsbits
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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, Washington. 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 environments. 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:
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