NEW YORK, NY -- (Marketwire) -- 03/11/13 -- Coupon Express, Inc. (OTCQB: CPXP) today announced the signing of a Kiosk leasing facility with Premium Leasing, LLC of Vestal, New York. The terms of the agreement include a twenty five (25%) percent down payment in each Kiosk leased, which will be manufactured by Northeast United Corp., our current manufacturer of Kiosks.
Barry Newman, President of Premium Leasing, LLC, stated, "We are pleased with Coupon Express' ability to operate its business in a highly efficient model. Specifically, I have additional confidence in Eric Kash, CEO of Coupon Express, Inc. and his management team. They continue to demonstrate tangible results in the form of both strong growth in deployments and paid ads per Kiosk."
Eric Kash, CEO of Coupon Express, Inc., stated, "Our leasing facility with Premium Leasing, LLC should allow Coupon Express, Inc. to accelerate expansion with our strategic partners and provide the opportunity to attract additional supermarket retailers. We have proven to be an effective partner to our customers, helping them increase their sales of food, health/beauty aids and alcohol products. At the same time, the manufacturers of these products are experiencing increased cycle time of information for coupon printing and redemptions."
Mr. Kash added, "The flexibility of our Kiosks permits coupons to be placed in individual locations, including a specific city or region of the country. Traditional lead times for a comprehensive coupon campaign could range as long as 90-180 days. With Coupon Express, it requires just 24 hour notice. In some circumstances, changes may be facilitated in as short as just 15 minutes."
"The goal of Coupon Express' expansion continues to remain the unlocking of value for our shareholders. This agreement is another milestone with that goal squarely in mind," concluded Kash.
About Coupon Express, Inc.
Coupon Express, Inc. provides innovative interactive customer communications systems and applications that support targeted marketing programs with unique point-of-purchase (POP) services and information that serve shoppers and distributors while building loyalty and revenue for the Company's primary clients. Through its proprietary multifunction kiosks and services, we provide in-store customized couponing, in multiple languages, for immediate impact in regional, independent retailers in the grocery and convenience store industries, enabling retailers to quickly determine ideal price-points for new products and mitigate losses from hard-to-sell items.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance and often contain words such as "anticipates," "believes," "estimates," "expects," "hopes," "intends," "plans," "seeks," "will," and other terms with similar meaning, including but not limited to, statements regarding the possibility of commitments for Coupon Express from other national brands, creation of state-of-the-art loyalty programs and the possibility of increased revenue. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
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