News

PayStar buys more Internet kiosks

March 20, 2002

LODI, Calif. - PayStar Corp. (OTCBB:PYST) is buying all 200 Internet kiosks owned by iCatcher Network Inc. of Baltimore, according to a PayStar news release.

The release stated that the agreement will add about $2 million in annual revenue to PayStar.

As PayStar said it planned to do with previous kiosk purchases, the iCatcher kiosks will be upgraded to pay-for-use by installing PayStar's Gold Sprocket Internet kiosk software.

iCatcher operates free Internet kiosks. According to the release, iCatcher invested about $4 million to develop and deploy its network. iCatcher's chairman and founder John Shin will join PayStar as vice president of consumer services.

Last week PayStar announced the hire of Strategy Analysis International of Paris to assist Paystar with its internatinal marketing.

PayStar's aggressive development of pay-per-use Internet kiosks included its purchase of 1,000 public Internet kiosks owned by eKiosk Corp. of New Lenox, Ill. earlier this month.

PayStar's pay-for-use application, Gold Sprocket, was purchased from San Diego-based Fun e-Business in May, along with that company's kiosk assets, according to a May news release issued by PayStar.

In June the Lodi, Calif.-based company signed an agreement to supply 5,000 PayStar Info*Station kiosks to Kiosk USA during the next two years.