MONTREAL, Dec. 2, 2004 (PRIMEZONE) -- Bach-Hauser (Pink Sheets:BHSR) is pleased to announce Sobeys Quebec has chosen Bach-Hauser's wholly owned subsidiary DM2 Technology's POS (point-of-sale) terminals for their chain of stores such as IGA, Rapido, Boni-Soir, Bonichoix, and Le Depanne. The agreement is for up to 600 units to be delivered and installed immediately. The company sees a good recurrent revenue flow from these terminals from three sources: credit card transactions, prepaid long distance cards and Interac transactions based on the high volume and high frequency of use in the Sobeys' stores.
Bach-Hauser is proud to have a company of such high caliber and reputation as Sobeys join the ranks of retailers who have chosen DM2 Technology's POS (point-of-sale) equipment and software to handle their customer's bankcard and credit card transactions and their prepaid long distance card needs. Now you can swipe your card on a DM2 terminal to pay for your cellular phone to gas to groceries at your local IGA.
This agreement with Sobeys solidifies DM2's record of reliability and service and is further proof of the technological edge of DM2's equipment over all its competitors. Sobeys joins DM2's growing list of corporate clients and strategic partners such as Rogers Wireless, Dynacard Capital, Ingenico, Lipman, Datawest, CIT, BCE Emergis, Datawest, EasyHome, and Teleplus.
About Sobeys
Sobeys Inc., (TSE:SBY) headquartered in Stellarton, Nova Scotia is a leading national grocery retailer and food distributor. Founded in Atlantic Canada in 1907, Sobeys owns or franchises more than 1,300 stores in all 10 provinces under various retail banners, including: Sobeys, IGA, IGA extra and Price Chopper. Sobeys and its franchisees employ more than 75,000 people and collectively generate over $11 billion in retail sales.
About DM2 Technology, Inc.
DM2 Technology, a wholly owned subsidiary of Bach-Hauser, Inc., is a provider of specialized POS equipment and software, which provides greater flexibility and reliability for debit and credit card financial payments. The company currently sells its products and services through traditional retailers, online retailers, taxis and courier companies.
DM2 Technology specializes in the sale of POS (point of sale) equipment and software to handle bankcard and credit card payments. DM2 Technology has been in the business of handling Interac and Credit Card transaction payments since the government of Canada deregulated this market. At present, DM2 has terminals in retail outlets in every province except for Newfoundland and PEI.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.