Infone Launches on Vesdia Loyalty Programs
29 April 2005
Metro One Telecommunications, Inc. (Nasdaq:INFO - News), the leading provider of Enhanced Directory Assistance® and other enhanced telecom services, announced that its subsidiary, Infone LLC, has launched Infone service in partnership with Vesdia Corporation.
The previously announced deal which launched today makes Infone services available to members of Vesdia-managed credit card loyalty and reward programs. In addition to its standard personal assistant services, Infone will be providing shop-over-the-phone support services that initially will aid Vesdia's program members in locating participating merchants. Among the programs included in the initial launch are:
BabyMint (www.babymint.com)
NestEggz (www.nesteggz.com)
Stockback (www.stockback.com)
FundraiserRewards (www.fundraiserrewards.com)
In addition to its own cardholder loyalty programs, the launch includes several additional loyalty programs Vesdia administers for credit card issuers and other entities. Through its nationwide network of retailers and name brands, Vesdia's patent-protected technology is licensed by financial institutions, retailers, and credit card issuers to facilitate customer loyalty.
"Infone offers tremendous value for members in our programs, providing significant savings on their directory information calls as well as enabling increased access to commerce within our retail network," said Peter G. Davis, chief executive officer of Vesdia Corporation. "Program participants shop at hundreds of leading retailers and service providers and receive a percent of each purchase into their college savings plan, retirement account, or have it donated to their favorite charity."
In addition to its own proprietary loyalty programs, Vesdia manages more than a dozen rewards programs for some of the nation's leading financial institutions.
"The users of Vesdia's managed programs are significant in number and extremely loyal," said Timothy Timmins, president and chief executive officer of Metro One Telecommunications. "We are excited to have Infone services easily accessible to these participants and to become an integral part of their retail commerce experiences."
About Metro One Telecommunications
Metro One Telecommunications, Inc. is the leading developer and provider of Enhanced Directory Assistance and other enhanced telecom services. The Company operates a network of call centers located strategically throughout the U.S. Metro One handled approximately 306 million requests for information in 2004. Infone is Metro One's premium personal assistant telephone service, for which consumers can sign up by visiting www.infone.com or by calling 888-411-1111. Infone® is a registered trademark of Metro One Telecommunications, Inc. For more information, please visit www.metro1.com or www.infone.com.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, factors detailed in the Company's Securities and Exchange Commission filings. The forward-looking statements should be considered in light of these risks and uncertainties.
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Contact:
Metro One Telecommunications, Inc.
Duane Fromhart, 503-643-9500
or
Financial Dynamics
Jim Byers, 415-439-4504 (Investors & Financial Media)
or
Edelman (Public Relations)
Stacy Doyle, 503-227-5767
stacy.doyle@edelman.com
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Source: Metro One Telecommunications, Inc.
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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