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Phoenix Technology Holding Inc. (Phoenix) and ExaDigm Sign Contract to Distribute Schimatic Inc. (SCTN) Patented Loyalty Technology Inside ExaDigm Terminals Worldwide

September 24, 2010

LAS VEGAS, Sept. 24 /PRNewswire/ — Phoenix Technology Holding, Inc. (Phoenix), exclusive licensor of the SCTN (Pink Sheets: SCTN) Patented Loyalty Technology and a leading edge provider of information technology solutions for loyalty programs, announced today that it has signed a contract with ExaDigm, a worldwide provider of “state-of-the-art” terminal systems.

  • SCTN Patented Loyalty Technology will be placed Inside the latest ExaDigm X2100 and the X2500 Terminals that will be deployed worldwide.
  • Existing Phoenix Licensees, such as Front Stream Payments/Direct Technology, Total Venue Control, Advanced Health Care Systems, MYnizaga and several prospective Phoenix licensees will be able to utilize the SCTN Patented Loyalty Technology Inside the ExaDigm Terminals.

The initial deployment under this contract will take place immediately for some of our current licensees, while others will be gradually phased into this wireless terminal system. This will be offered to all new licensees currently under contract discussions with the company.

Bernard McHale, CEO of Phoenix states:

“We are pleased to announce that our MYnizaga Consulting LLC Advisor is undertaking an on-site architecture consultancy. This will be utilizing the Phoenix Operating System with the SCTN Patented Loyalty Technology Inside. Initially the project is being undertaken with a major company that produces over U.S. $3 billion in annual revenue. The resulting multi-tier B2B (business-to-business) and B2C (business-to-consumer) loyalty program will rank among the largest loyalty programs in the world. Preliminary estimates are that up to 100 million consumers and 300,000 participating merchants will deploy the ExaDigm terminals.

McHale said, “Signing ExaDigm now sets the stage for bringing our Loyalty Central(TM) Operating System, with the SCTN Patented Loyalty Technology Inside, to the world. This is only one of several clients currently under licensing discussions with Phoenix . I would like to thank our investors for staying the course and providing us the opportunity to become a world class enterprise because the best is yet to come. This is a forward looking statement, but as the Phoenix CEO I believe it is time to make this statement.”

ExaDigm is a leading innovator of modular IP-based technology-focused terminal solutions, enabling businesses worldwide to expand revenues, reduce costs and boost productivity. Leveraging advanced technologies, modular designs and a flexible platform architecture, ExaDigm delivers a range of products and solutions that easily and securely adapt to changing technologies without incurring the high cost normally associated with change.

Note: A more formal press release of the contract between Phoenix and ExaDigm will be announced by both companies in the next few weeks.

ABOUT THE COMPANIES:

Phoenix Technology Inc.:For more information contact Bernard McHale at bernard.mchale@phoenix-tec.com or phone 702-309-7051, or visit www.phoenix-tec.com.

ExaDigm:For more information phone 866-392-8326, e-mail investors@exadigm.com., phone investor relations at 949-486-0320, or visit www.exadigm.com.

Mynizaga Consulting LLC: For more information or an on-site product demonstration, contact Robert Buchan, CEO at bob@mynizagaconsulting.com, phone: 702-280-1401 or visit www.mynizagaconsulting.com

Schimatic Inc. dba Smart Chip Technologies LLC (SCTN): SCTN receives royalty payments for usage of its products. Contact Stephanie Mosqueda at 702 309-7052, Stephanie.mosqueda@sctn.com or visit www.sctn.com

Disclaimer:

Any statements contained in this document that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.

SOURCE Phoenix Technology Holding, Inc.


Source: newswire



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