June 24, 2008PSI Cash Express(TM) Kiosks/ATM Being DeployedNews release today from PSI -- "Equally important is the roll-out of a limited number of PSI's E-Banking Kiosks. Such Kiosks enable users as follows: to purchase gifts cards, phone cards and debit cards; to obtain standard ATM services; and to permit bill paying and payroll check cashing among its many innovative features." NEW YORK, June 24 /PRNewswire-FirstCall/ -- PSI Corp. (OTC Pink Sheets: PSI, for the first time since discontinuing its friendlyway, Inc. business on May 1, 2006, is proceeding with the implementation of its business plan. PSI announced this past week the placement of an additional twenty-four digital screens to increase to eighty-four the number previously deployed. PSI plans to accelerate the placement of digital screens both in New York City and nationally in cooperation with Hospital Media Network. PSI has seen an increase in both local and regional advertising attributable to appreciation of PSI's technology and blend of proprietary programming. Equally important is the roll-out of a limited number of PSI's E-Banking Kiosks. Such Kiosks enable users as follows: to purchase gifts cards, phone cards and debit cards; to obtain standard ATM services; and to permit bill paying and payroll check cashing among its many innovative features. Each Kiosk will have a 32 inch state-of-the-art digital screen with advancedprogram capability. The Kiosks will be undergoing ninety-day field tests in selected areas. Thereafter, PSI believes that the substantial indications of interest already received from supermarket and convenience stores and from credit unions will result in eventual purchases of the PSI Cash Express(TM) Kiosks/ATM. As previously reported in a Form 8-K filing dated April 11, 2008, PSI has retained new auditors to conduct the two-year audit for the period ended October 31, 2007. Such audit is expected to be completed shortly. Once this audit is completed and PSI is then current in its 10-KSB and 10-QSB filings with the SEC, application will be made to NASDAQ to have PSI relisted on the Bulletin Board. Lastly, PSI intends to issue a proxy statement incident to the calling of an annual meeting of shareholders as soon as the audit is completed and the proxy rules may be complied with. David Foni, Chairman and CEO of PSI, stated that "Management has devoted the past eighteen months to the resolution of problems inherited from prior management, including the successful termination of litigation, the elimination of payables, the cancellation of shares of Common Stock, and the rescission of improvident transactions consummated by prior management. Nonetheless, development of PSI's two proprietary products has proceeded apace. Management believes that PSI will shortly be able to demonstrate positive cash flow." About PSI Corp.: provides interactive customer communications systems and applications that support the targeted marketing programs at point-of-purchase (POP) service and information. The company has two vertical products; full motion video digital signage and full service Cash Express(TM) Kiosks/ATM. For more information please visit the company website: www.pantelsystems.com The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from those statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this release that are not purely historical are forward-looking statements, beliefs, plans, expectations or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Investors should independently investigate and fully understand all risks before making investment decisions. For further information: |