CSI sells parking division assets |
CSI Credit Systems International Inc CSU
Shares issued 11,912,907 May 11 close $1.09
Tue 11 May 99 News Release
Ms. J. Caren Holtby reports
CSI Credit Systems International has sold the assets of its parking
division to enable the company to focus on its growing ERNEX business.
ERNEX offers real time transaction processing solutions to retailers using
turnkey electronic marketing programs, such as customer loyalty points,
electronic gift certificates, and electronic coupons, all in real time.
The parking division has been an expense to the company for some time, with
limited revenue from its current products. CSI has decided to divest itself
of its parking operations and continues to pursue its mandate, focusing all
of its energies on the expanding customer loyalty business, through ERNEX
the real time electronic marketing, customer loyalty system.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
I must admit to some curiousity as to the selling price but read it as a very good news announcement. The next good news must be extremely close at hand, I suspect, as they have been very tight lipped about new contracts.