News

PayStar to spin-off Kiosk Division

January 4, 2005

PrimeZone Media Network:PayStar Corporation (Pink Sheets:PYST), one of the nation's growing providers of stored value debit cards, bank loading centers for prepaid ATM debit cards and kiosk marketing and management, announced today the signing of a binding LOI to spin-off (divestiture) its InfoStations kiosk division.

In a collective offer from Now, Right Now, LLC (NRN, PYST strategic kiosk partner) and KNG Funding, with a multi-million dollar financing commitment for up to 2000 kiosk installations in 2005, PYST has begun due-diligence on the spin-off and analysis of the two companies combined offer.

The new company would be publicly traded and would be named INFOSTAR Systems, Inc.

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