Tempe, ARIZ. (February 28, 2002) - Time Spot, Inc., a wholly-owned subsidiary of Vitrix, Inc. (OTC: VRXI), today announced an alliance with Datasym, Inc., a provider of single source POS software and hardware solutions with over 120,000 installations in North America.
Under the agreement, Time Spot will be the exclusive vendor to provide time and labor management solutions consisting of software, hardware, implementation, training and support services to Datasym dealers and end-user clients. As part of the value add, Time Spot developed a proprietary software interface to seamlessly move data from the Datasym POS terminal into the Company's feature-rich time and labor management software. These products and services will complement the existing portfolio of POS solutions that are offered by Datasym.
"With over 250 dealers, Datasym has been delivering state-of-the-art POS solutions for the past seventeen years. We view their selection of Time Spot as an endorsement of our product capabilities and the reputation we have developed as a quality customer care solutions provider", stated Thomas Bednarik, president and CEO of Time Spot. "Eliminating the need and expense of an electronic data collection terminal by utilizing the low cost Datasym POS system as the point of capture for employee punches, opens our software products to an exciting new small business market that, prior to this alliance, might not have been able to afford the benefits of an automated time and labor management solution", added Bednarik.
"Time Spot's industry leading Time and Labor Management software and Datasym's Total POS Solutions promises to be a winning combination. The selection of Time Spot as our partner for Time and Labor Management software was an easy one", stated Rick Sterne, President of Datasym, Inc. "Their experience and reputation in the industry are unprecedented. Time Spot operates on the same philosophy of providing their customers more than just the software and hardware. Their philosophy of developing long-term relationships and providing exceptional support and service were a key factor in our decision. Offering the Time Spot/Datasym Solution to our dealers and our end user clients provides an affordable, reliable and comprehensive Total POS Solution," added Sterne.
Time Spot, Inc., based in Tempe, Arizona, has been providing Time and Labor Management software and hardware solutions for over fourteen years, which automate the payroll process by collecting, processing and packaging payroll data for all types of companies in a broad range of markets. For more information please visit the Company's Web site at timespothq.com.
Datasym has spent much of the last two decades helping Retail Business work more effectively and profitably. Datasym is the leading, complete POS Solutions provider in the industry. That success has been built on a unique combination of innovation and customer needs fulfillment. We don't simply provide Hardware, Software or Professional Services, but are able to deliver a Total POS Solution. The complete package encompasses our full function Hardware, known worldwide as the most durable, cost effective, easy to use Solution for your POS needs; our unique Software which time and again have been considered as the industry leader in innovation and functionality; and the industry's best kept secret; Datasym's integral Professional Services, which puts the finishing touches on the entire package. For more information please visit the Company's Web site at www.datasym.com.
Certain information and comments contained in this press release may be forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Factors set forth in the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2001, its subsequent Form 10-QSB filings together with other factors that appear in this press release or in the Company's other Securities and Exchange Commission filings could affect the Company's actual results and could cause the Company's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of the Company, in this press release.
For additional information, contact Jim Martin, VP of Sales for Time Spot, Inc. at 480/296-0420 or [email protected]