Com-Guard Inc. Signs First Reseller Contract; Projects $1.5 Million in Sales Over 12 Months
28 Setembro 2009 - 9:00AM
PR Newswire (US)
ENCINITAS, Calif., Sept. 28 /PRNewswire-FirstCall/ -- Com-Guard
Inc. (Pink Sheets: CGUD) signed a nationally recognized management
company to re-sell its Transactional Cash Engine Software.
Com-Guard Inc. forecasts that further such agreements could
generate $1.5 million in revenues over the next 12 months. Procuro
Inc. provides operational monitoring and management solutions to
clients such as Arby's, Bob Evans, Burger King, Hardees and
McDonald's Europe. Under this first contract, Procuro Inc. has
agreed to market the Transactional Cash Engine Software to clients
to build customer loyalty programs. Stuart Graham, Com-Guard's
Strategic Sales and Marketing advisor, said there are unlimited
potential resellers for the software program. "A target of $150,000
on average per reseller is realistic. In the loyalty card segment
alone we believe signing 15 to 25 resellers is achievable in this
fiscal year," Graham said. The Transactional Cash Engine Software
allows retailers to keep track of marketing trends on one database.
Com-Guard's CEO, Edward W. Savarese, said most retailers using
customer discount cards, including supermarket chains, do not
capture the purchase history of the customer to build loyalty and
marketing programs. "The Transactional Cash Engine Software allows
retailers to reduce finance charges by putting money onto the card
for purchases," Savarese said. "The software also compiles detailed
and invaluable customer information." Procuro Inc. has access to
dozens of merchant clients and has been a leader in providing a
streamlined operational database. The deal with Com-Guard Inc.
gives Procuro the advantage of offering another software solution
to its clients. "Procuro has the opportunity to sell these
solutions to its customers. The retailer will save transaction fees
and the consumer will be rewarded with savings and gifts as decided
by the merchant. Com-Guard Inc. will generate revenue by charging a
small percentage per transaction," Savarese said. Com-Guard Inc.
has commenced a Sales and Marketing program to target four growth
opportunities. Other market opportunities are being identified.
Loyalty Card Programs - Retailers are finding it more costly to
accept Credit Card payments and develop customer loyalty. The
"Transactional Cash Engine Software" technology will allow
Merchants to combine their loyalty programs with a combined payment
technology. The retailer will save transaction fees and the
consumer will be rewarded with savings and gifts as decided by the
merchant. Online Payments - Consumers are increasingly using the
Internet to pay for transactions. And they are concerned about
Internet fraud and the theft of credit card details. Merchants are
searching for ways to transact sales in a secure manner with the
least expense. Pay Day Advance and Money Transfers - The
"Transactional Cash Engine Software" is especially suited to allow
merchants to secure their pay day advances and to securely transfer
money over the internet. Specialty Payment Programs - Schools,
Travel Companies, Restaurants etc. are looking for ways to have
their goods and services paid for without incurring Credit Cards
fees. The "Transactional Cash Engine Software" will allow the
Company to personalize these payment programs at a reduced rate.
About Com-Guard Inc.: Com-Guard Inc. (http://www.com-guard.com/)
has developed and marketed a line of software and hardware products
for the computer industry that provided enhanced system security
for both individual users and network administrators. This press
release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Act of
1995. Expression of future goals and similar expressions reflecting
something other than historical fact involve risks and
uncertainties. The actual results the company achieves may differ
materially from any forward-looking statements due to such risks
and uncertainties. These risks and uncertainties may cause actual
outcomes and results to differ materially from expectations in this
press release. These and other risks are detailed in Com-Guard's
Disclosure and Information Statement at http://www.pinksheets.com/
and its previously filed quarterly reports on Form 10-QSB and its
annual report on Form 10-KSB. DATASOURCE: Com-Guard Inc. CONTACT:
Dr. Edward W. Savarese, CEO of Com-Guard Inc., +1-858-381-7800, Web
Site: http://www.com-guard.com/
Copyright