January, 9 2002
PAYSTAR PARTNERS WITH NNU PROVIDING CHOICE SUPPORT
Lodi, CA -March 18, 2002 - PayStar Corporation (OTC: BB PYST), the nation's leader in providing content based Internet Kiosks, Cashless ATM devices, Prepaid Wireless Banking Services and Telecom Services today announced a strategic partnership with NetNearU Corp. ("NNU") of College Station, Texas, to be the exclusive software provider for PayStar's Public Internet Access Terminals via PayStar's InfoStation Network (ISN) located in select Choice brand hotels. PayStar ISN is an endorsed vendor of the 3,200 Choice brand hotel franchises nationwide.
"PayStar is pleased to join forces with a world-class organization such as NetNearU," stated Carla Buckner, V. P. of Sales and Marketing, PayStar InfoStations. "PayStar terminals powered by NNU's Internet access software coupled with NNU's remote management software allows each Choice franchisee the ability to monitor the success of the program through real-time remote access to the terminal, which is located in their hotel lobby. Franchisees will be able to monitor guest usage, including session length, web sites visited and peripherals used, as well as generate revenue and performance reports."
PayStar Internet Terminals provide consumers with high-speed Internet access in fee-based format as well as complimentary access to a wide variety of products and services. The NetNearU software solution is designed to allow real-time monitoring and detailed information on revenues, operability and maintenance on any number of terminals located anywhere in the world. PayStar will use NetNearU's interactive content management software to deliver digital media throughout the network and their specialized remote power control unit, which will allow the network to operate more efficiently.
"We look forward to the implementation of NNU software with PayStar's product offerings," commented Larry M. James, Chief Executive Officer for NetNearU. "Our relationship with PayStar will allow Choice to receive the best Internet kiosk solution in the industry."
About NetNearU
NetNearU Corp. provides comprehensive point-of-access management solutions, including central administration systems and client software for distributed devices. The Company's software solutions manage networks of broadband wireless access points utilizing the 802.11 standard, as well as Internet-based kiosks and web payphones used to provide public Internet access, mobile professional data services, e-commerce applications and customer service functions.
NetNearU's proprietary software suite includes solutions for both wireless and wired networks. The Company's TRACKOS™ product provides for centralized, near real-time remote monitoring, management and maintenance of any number of PIA solutions located anywhere in the world. TRACKOS is a scalable and flexible platform that collects, stores and reports data for analysis of point-of-access usage and operability as well as specific business activities and application effectiveness. The Company's ADTRACKOS™ product provides for interactive content to be remotely uploaded and sent to designated devices. NetNearU offers technical support, hardware monitoring, maintenance dispatching and credit card processing services to its licensees, as well as a full range of professional services to integrate its software products with customer applications. The Company is headquartered in College Station, Texas. More information about NetNearU may be found at www.nnu.com.
About PayStar
PayStar Corporation, a premier global distributor of telephony and financial services, provides its customers with an array of enabling devices. PayStar is comprised of three fully integrated divisions: Commercial Telephony Switch Services, Consumer Internet and Telephony Products including prepaid cards, and Consumer Services providing service and maintenance of Cashless Teller Machines (CTMs) and Internet enabled kiosks. PayStar is the location services provider (LSP) to retail merchants and is considered a "carriers carrier" for wholesale telecom services worldwide. Success is driven by internal sales as well as mergers and acquisitions. PayStar's global strategy centers on expanding its network of thousands of locations that utilize state-of-the-art enabling devices.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks with the regulation of the telecommunications industry.
For more information, call PayStar at 877-769-7827 or visit their web site at www.paystar.com.
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CONTACT:
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PayStar Corporation, Carolyn Hoff
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209-339-0483, choff@paystar.com
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NetNearU Corp., Phil Storin
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Senior Vice President and Chief Financial Officer
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512-327-6152, phil@nnu.com
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