News

PayStar inks multi-million dollar photo kiosk deal

July 20, 2005

LODI, Calif. - PayStar InfoStations Inc. announced in a news release it has signed a five-year joint venture agreement with SMO Multimedia Corp., a subsidiary of Strategic Management & Opportunity Corp. to jointly market the EZpix photo kiosk and multiple products and services offered by both parent companies. Terms of the agreement afford for the immediate funding by PayStar to SMO Multimedia for the deployment of its U.S. Military AAFES Photo kiosk project. The contract calls for the deployment of 118 of the companies' photo kiosk units into 115 military installations. PayStar will receive a 50 percent interest in this military project.

Strategic Mgmt. and PayStar's kiosk division have begun marketing each others' technologies into their current customer bases. Ongoing photo kiosk shipments now exceed 16 deployments all across the country in both U.S. Army Forts and Air Force Bases. The entire 118 photo kiosk deployment is anticipated to be completed within the next 60 days.

"As I have stated before, Strategic Management has clearly proven their best-of-breed technologies in the digital photo kiosk space with the award of this AAFES Military contract," said W. D. Yotty, chairman and chief executive officer of PayStar. "PayStar and SMOC's JV agreement has already resulted in identifying over 300 additional EZpix photo kiosk retail vending deployments in North America, all coming right behind this AAFES roll-out."