IRVINE, Calif., Dec. 12, 2006 (PRIME NEWSWIRE) -- "Investors need look no further than their holiday giving and gift exchanges to prove the use and ubiquity of gift cards," stated SmallCap Sentinel analyst D.R. Clark. "And with a recent article reporting that gift card sales grew from $16 billion in 2000 to $45 billion in 2005 with projections of $89 billion in 2007, innovative companies are looking for their share of this explosively growing market."
"One such company is Utix Group, Inc. (OTCBB:UTIX) which announced product order increases for its gift card offerings this quarter are up in excess of 800% versus same quarter 2005," Clark added. "These numbers would suggest that Utix is finding traction for the company's suite of gift-ticket options."
The Utix System and technology application allows the recipient to redeem the pre-paid ticket at participating venues nationwide for a single-use activity, such as a round-of-golf, spa treatment or admission to the movie theatres, effectively settling these transactions at variable prices via the open payment network that traditionally utilizes only dollar-for-dollar payment authorizations such as stored value cash, debit and credit cards.
Utix Group, Inc., formerly Corporate Sports Incentives, was founded in 1986 as a corporate premium gift, incentive and reward company. Based in Burlington, Massachusetts, Utix has successfully marketed its proprietary Utix prepaid experience products, including Golf, Ski, Spa, Movie and Bowling, to the business-to-business industry and retail marketplace. Utix offers prepaid experiences nationwide, allowing recipients to enjoy a specific experience at more than 12,000 nationwide locations of their choosing. For more information about Utix please visit the company's website at http://www.utix.com
The informational report "Better Mousetrap Files" has been made available to the investing public at www.SmallCapSentinel.com The report will discuss better mousetrap equities including Apple (Nasdaq:AAPL), Yahoo (Nasdaq:YHOO), Amazon (Nasdaq:AMZN) and Utix Group, Inc. (OTCBB:UTIX).
Statements made herein contain forward-looking statements and are subject to significant risks and uncertainties that will affect the results. SmallCap Sentinel and StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect any proposed actions and cannot project its capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP isn't an investment advisor and this report isn't investment advice. MP has been paid $10,000 by Utix Group Inc. for preparation and distribution of this report and other advertising services over a ninety day period. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding subject companies.