MONTREAL, Nov. 29, 2004 (PRIMEZONE) -- Bach-Hauser (Pink Sheets:BHSR) announced today the proposal from Rogers Wireless, which was announced Nov. 18, 2004, has been accepted by Bach-Hauser's wholly owned subsidiary DM2 Technology and the agreement has been signed by both parties.
This agreement allows for the very first time a wireless POS (point-of-sale) provider to resell Rogers Wireless airtime. Every wireless POS terminal such as the ones DM2 has delivered to Taxi Ste-Foy and are delivering to Taxi Diamond this week operates on a cellular network. In the past, the individual client was billed separately from the wireless carrier that the POS terminal has contracted and in most cases it was Rogers. This agreement now allows DM2 Technology to resell Rogers Wireless airtime to the individual retailer. So every DM2 wireless POS terminal will now be billed by DM2 for their cellular service and not by Rogers Wireless directly. This agreement has now created a never before realized profit stream for DM2 and Bach-Hauser.
The second agreement, which will allow Rogers Wireless retail outlets to sell DM2 wireless POS terminals, will be executed once training and roll out schedule has been determined and finalized. The proposal requires DM2 to train Rogers' sales staff on the equipment before deliveries are made so that Rogers can better provide for their corporate and business clients.
This agreement with Rogers solidifies DM2's record of reliability and service and is further proof of the technological edge of DM2's equipment over all its competitors. Rogers Wireless joins DM2's growing list of corporate clients and strategic partners such as Dynacard Capital, Ingenico, Lipman, Datawest, CIT, BCE Emergis, Datawest, EasyHome, and Teleplus.
About Rogers Wireless Communications Inc.
Rogers Wireless Communications Inc. (TSX Venture Exchange:RCM-RVB) (NYSE:RCN) operates Canada's largest integrated wireless voice and data network, providing advanced voice and wireless data solutions to customers from coast to coast on its GSM/GPRS network, the world standard for wireless communications technology. The Company has over 4.2 million customers, and has 380 stand-alone retail outlets in Canadian cities across the country.
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. The Rogers Agreement will enhance the services and products provided to DM2's clients.
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.