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FOR IMMEDIATE RELEASE CDNX:IFT
September 5, 2001
Compaq Canada Invests in Info Touch Technologies (IFT:CDNX) Four YearFour-Year Alliance Includes Marketing, Technology Option
Burnaby, B.C., September 5, 2001 - Info Touch Technologies Corp. today announced that Compaq Canada Corp. is making a strategic investment in the Canadian Internet kiosk pioneer. The partnership, which establishes Compaq as the preferred technology and services provider for Info Touch kiosks, also includes a comprehensive joint sales and marketing agreement and a technology co-development and collaboration option.
Compaq will invest $500,000 (U.S.) a (U.S.) $500,000 minority in Info Touch and will work with the company on marketing efforts aimed at targeting the kiosk industry. In return, Info Touch will use Compaq technology in the majority of its Internet kiosks and will give Compaq the right of first refusal to co-develop and/or collaborate on any new technology that it develops over the term of the partnership. In addition, Compaq and Info Touch will jointly develop a comprehensive marketing and communication program, including but not limited to public relations activities, direct mail, advertising initiatives, tradeshows and events, a customer engagement strategy and other promotional activities aimed at the kiosk market.
"This alliance with Compaq, and the commitment that Compaq has made to us through its investment, represents a significant step forward for us as we establish a leadership position in the rapidly growing kiosk marketplace," said Hamed Shahbazi, Chairman and CEO, Info Touch Technologies Corp. "This kind of endorsement of our products and our business model from a leading global company helps us as we continue to expand and deliver the industry's most sophisticated kiosk solutions which will now be built on powerful and innovative Compaq inspiration technology."
"Compaq is extremely pleased about this relationship with Info Touch," said Ralph Hyatt, Vice President, Access Business Group, Compaq Canada Corp. "Info Touch is clearly a leader in the Internet-enabled kiosk market and our alliance ensures Compaq gains a clear advantage in the retail, financial and e-government vertical market sectors."
not to mention increased activity in the financial and e-government sectors as well."
Info Touch is a leader in E-commerce solutions that are highly customizable and applicable in virtually every industry segment. Key areas of focus include retail, finance and government. Info Touch incorporates Compaq technology with leading-edge software and engineering solutions in the design and manufacture of secure public Internet access kiosks. As per a third party contract, Info Touch Technologies will deliver an undisclosed finder's fee.
Info Touch, North America's leading kiosk technology company, creates Internet-based kiosk applications to extend the reach and product offerings of traditional bricks-and-mortar businesses. Established in 19931997, Info Touch delivers its superior public access kiosk technology by identifying and exploiting opportunities that exist between traditional businesses and online ventures. Current Info Touch clients include Cable and Wireless (Caribbean), MCI WorldCom, Telecom Mexico, Telmex, TELUS, Chapters Bookstore, Future Shop, Staples, Macs/Couchetard, Chase Manhattan Bank, Alamo Rent-a-Car, the Pentagon, and the U.S. Army.
Compaq Computer Corporation, a Fortune Global 100 company, is a leading global provider of technology and solutions. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs that are sold in more than 200 countries. Information on Compaq and its products and services is available at www.compaq.ca.
With headquarters and distribution facilities in Richmond Hill, Compaq Canada Corp. employs a workforce of 3,600 people located in 41 offices across Canada, including Vancouver, Edmonton, Calgary, Regina, Winnipeg, London, Mississauga, Markham, Ottawa, Montreal, Quebec City, Moncton, Halifax and St. John's. With the exception of its larger scale technologies and services, Compaq products and services are sold and supported through a network of more than 3,900 marketing partners across the country.
Compaq and the Compaq logo are registered with the United States Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include, among others: market conditions, particularly in the U.S.; increased competitive environment and pricing pressures; disruptions related to restructuring activity and delays in the implementation of changes in delivery models. Further information on these and other factors that could affect Compaq's financial results is included in Compaq's Securities and Exchange Commission (SEC) filings, including the latest Annual Report on form 10-K and the latest quarterly report on Form 10-Q.
For further information, please visit us at http://www.compaq.ca, http://www.infotouch.net or contact:
For Info Touch:
Weber Shandwick World Wide
Jenna LeBlanc, Senior Consultant
Tel: 416.964.6444, Ext. 450
Linear Capital Corp.
Tel: 416.364.2266 or 1.877.600.6001
Manager, Corporate & Public Relations
Compaq Canada Corp.
Cohn & Wolfe