InfoNow Press Release
INFONOW SIGNS MULTI-YEAR RENEWAL AND EXPANSION OF ITS CHANNEL MANAGEMENT SOLUTION WITH THE WORLD’S LARGEST ELECTRONIC PAYMENTS NETWORK
Multi-lingual Web-based solution helps customers find the optimal ATM location worldwide
DENVER November 9, 2005,
InfoNow Corporation (NASDAQ: INOW), a leading provider of channel visibility and channel management solutions, today announced a multi-year contract renewal and expansion of Channel Management services with the world’s leading provider of electronics payment networks.
This firm uses InfoNow's solution to direct customers to its comprehensive network of 1,000,000 ATM locations worldwide through InfoNow’s Locator service, which allows customers to access the company’s website and be directed to the closest automated banking machine, or electronic retail banking outlet. Additionally, using InfoNow’s ATM Profiler service, this company’s 21,000 member financial institutions can maintain their ATM location data on-line, thus providing the most current and complete data possible.
"In a global economy, one of the biggest challenges for financial institutions is providing customers quick and convenient access to ATM locations around the world," said Mark Geene, Executive Vice President of Field and Client Operations for InfoNow. "With our solution, customers from anywhere in the world access this company’s web-site, in their language of choice, to successfully find the right ATM location to best meet their needs. We value our ongoing relationship with this client, and we're pleased to help them provide innovative services to their customers."
InfoNow signed this agreement in the third quarter of 2005. Terms of the agreement were not disclosed.
For additional information about InfoNow's Channel Insight, Channel Insight or Location Insight™ solutions, contact InfoNow at 1-866-868-4669, or visit the Company's Website at www.infonow.com.
About InfoNow Corporation
InfoNow provides channel visibility and location services to companies that sell through complex channel partner networks. InfoNow Channel Insight™ gives companies rich, timely and actionable data on channel sales, including enhanced market intelligence on partners and end customers. It also includes tools to help clients use this data to profitably grow their business, through detailed customer segmentation and profiling, targeted opportunity generation, robust partner tracking and analysis, closed-loop opportunity tracking, sales credit assignment, inventory tracking and more. InfoNow Location Insight™ directs consumers to the optimal business location such as a branch office, ATM or the appropriate business partner through Internet, voice-response or mobile devices. InfoNow Location Insight services also provide tools for location data management, business partner profiling, and highly tailored lead routing and management. Since 1996, InfoNow has helped leading companies such as Bank of America, Enterasys Networks, Hewlett-Packard, SMC, Visa and Wachovia better serve their end customers through complex channel networks. InfoNow is based in Denver, Colorado. For more information, please visit the Company's Web site at www.infonow.com.