Utix Group and eFunds Prepaid Solutions
Renew Partner Program
BURLINGTON, Mass.--(BUSINESS WIRE)--Utix Group, Inc. (OTCBB:UTIX) is pleased to announce that it has renewed its long standing strategic alliance with eFunds Prepaid Solutions, formerly WildCard Systems, a subsidiary of eFunds Corporation, to develop more experiential prepaid products as well as cooperative marketing and distribution opportunities.
“The Company’s newly refined strategy to license the ticket platform and serve as a systems provider is beginning to build significant traction”
Utix CEO, Tony Roth, stated, “This alliance allows our Company to emphasize its strengths as the premier and patent pending prepaid experience ticket platform. When brands or traditional card product issuers are seeking a more flexible solution to offer admission, acceptance or experiences to their merchants or venues, Utix delivers a turn-key system.”
Utix is changing the way buyers and users think about gift cards. “Converting key Utix ticket products to fully automated, prepaid card platform was a revolutionary idea that required a complex technology solution,” stated Gary Palmer COO, WildCard Systems. Utix has created and offers its patent-pending platform via a payment network relationship and eFunds Prepaid Solutions, a leading processor of stored value and prepaid card products.
The Utix platform enables merchants to redeem Utix tickets by simply swiping them through their existing credit card point-of-sale machine. A one-time use magnetic ticket offers the same credibility and flexibility of a gift card and is designed to capture business and sales for merchants, hobby sports, major brands and event organizers who have been traditionally limited to a cash value gift card or paper gift certificates and tickets. Utix CFO, Mark Pover, stated, “The eFunds alliance brings Utix increased revenue opportunities via client interaction, technical certifications and the ability to leverage eFunds Prepaid’s goodwill.”
“The Company’s newly refined strategy to license the ticket platform and serve as a systems provider is beginning to build significant traction,” said Tony Roth, CEO of Utix. New branded products such as Red Door, Elizabeth Arden and Mario Tricoci Spa Experiences and Entertainment Tickets such as Fox Studio’s Ice Age 2 and the new co-brand license with the PGA TOUR now operate on the Utix platform. “We continue to negotiate with major distributors and leading brand partners for expanded product rollout in 2007,” confirms Roth.
About Utix Group
Based in Burlington, Massachusetts, Utix issues its proprietary technology and co-branded prepaid experience products, including Golf, Bowling, Ski, Spa and Movie Tickets to the business-to-business industry and retail marketplace. As a direct issuer, Utix offers prepaid experience tickets nationwide, allowing recipients to enjoy a specific experience using a durable plastic card product rather than paper at more than 12,000 nationwide locations of their choosing. For more information about the Company, please visit our website at http://www.utix.com.
This press release contains "forward-looking statements" and information relating to our business that are based on our beliefs as well as assumptions made by us or based upon information currently available to us. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are intended to identify forward-looking statements. This press release reflects our current views and assumptions with respect to future events and are subject to risks and uncertainties. Actual and future results and trends could differ materially from those set forth in such statements due to various factors. Such factors include, among others: general economic and business conditions; industry capacity; industry trends; competition; changes in business strategy or development plans; project performance; the commercial viability of our retail gift card platform and offerings; availability, terms, and deployment of capital; availability of qualified personnel; and ability to generate new markets for our products.
