Pathways Announces Installation at Six Flags Magic Mountain
09:15 a.m. Nov 27, 1998 Eastern
WOODINVILLE, Wash., Nov. 27 /PRNewswire/ -- The Pathways Group, Inc. (Nasdaq: PTHW) today announced that it has completed an installation at Six Flags Magic Mountain Theme and Water Park, in Valencia, California, of its TIKITBOX(TM) II unattended ticketing system. The installation was pursuant to a previously announced contract with Six Flags Magic Mountain for the upgrade of its unattended ticketing system and to integrate the features of Pathways' new TIKITBOX(TM) II product shown at the recent International Association of Amusement Park and Attractions trade show in Dallas, TX. As is standard with all of the Pathways Group's products, the contract also provides for transaction processing services.
This system, which is a significant piece of Pathways' proprietary eTeller(TM) product line, allows Six Flags' customers to purchase various admission ticket products in an unattended fashion utilizing a credit card. The system is also Smart Card compliant. As the use of smart card payment systems expand in the marketplace, the transition for Six Flags Magic Mountains will be a simple software upgrade. Further, Six Flags Magic Mountain may immediately opt to take advantage of various software functions within the system for creating and processing their own loyalty system.
Pathways C.E.O. and President Carey F. Daly II commented, "As we had hoped and expected the upgrade to our new kiosk design and software platform has gone very smoothly. Our new system will provide Six Flag's customers great ticketing access, 24 hour availability and greater reliability. It continues to give the park's management real time tracking and monitoring for all of our system's operations. This flexible, advanced product can be attributed to the combined efforts of our technical and marketing group's concepts, architectural design and implementation."
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. SOURCE Pathways Group, Incorporated
Copyright 1998, PR Newswire
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