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   Gold/Mining/EnergyCSI Credit Systems CSU.VSE


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To: Spock who wrote ()10/14/1998 6:36:00 PM
From: Stephen O
   of 90
 
CSI Cred Sys: First Quarter Fiscal 1999 Financial Results 10/13/98

CSI CREDIT SYSTEMS INTERNATIONAL INC ("CSU-V")
- First Quarter Fiscal 1999 Financial Results
- Q1 Sales Up 131% versus Prior Year

CSI Credit Systems International Inc. ("CSI") announces financial
results for first quarter of fiscal 1999 ending August 31, 1998.
CSI enjoyed rapid growth in revenues this quarter achieving record sales of $966,836 up 131% over the same period last year. Cash increased 136% over last year to $657,000 following the exercise of 1,032,225 warrants for a total of $723,658. Shares issued and outstanding now total 11,912,907.
During this quarter, our primary business accomplishments included:
* Shipment of 400 CSI GT-100 terminals for Best Western Hotels
Inc. representing 80% of the total order, the balance will
be completed in the second quarter.
* Establishment of an alliance with DataCard Financial Systems
Corp. ("DataCard") of Minneapolis, MN, to market ERNEX(tm)
loyalty programs as a value-added feature for its own
transaction terminals, which gives CSI access to its first
significant distribution channel in the United States.
* Launch of two customer tracking and loyalty programs using
CSI's ERNEX service by Superstar Group Ltd. of Vancouver,
BC, at 54 store locations in Canada. In addition, Superstar
Group purchased CSI's GT-100 terminals to process
transaction information at all locations.
In (C$ 1000)
Revenue Net Income -EPS-
Q1 / 99 - Three months to
August 31, 1998 $ 966 $ ( 97) $(0.008)
Q1 / 99 - Three months to
August 31, 1997 $ 418 $ ( 122) $(0.012)

% Change 131% 20%

A reorganization of CSI Parking Systems Inc. ("CSI Parking") is now complete. This change allows both companies to focus on their respective businesses and increases management incentive in CSI Parking. The reorganization included an equity investment of $126,200 in CSI Parking by two officers of that Company. The investment creates a 15% minority interest in CSI Parking which was previously a 100% owned subsidiary of CSI.
CSI Credit Systems International Inc. is a transaction information company specializing in business to customer transactions. CSI offers retail businesses the opportunity to market products and services on a customer specific basis through a comprehensive and fully integrated network of customer information gathering software and hardware.

CSI Credit Systems Int'l. Inc.
August August % Change
31/98 31/97 Yr / Yr

Condensed Balance Sheet (Cdn$)
Current Assets 1,731,574 993,988 74%
Capital Assets and Marketing
Rights 525,187 429,860 22%

$2,256,761 $1,423,848 58%

Current Liabilities 526,993 431,609 22%
Non-controlling interest 43,189 -
Shareholder's Equity 1,686,579 992,239 70%

$2,256,761 $1,423,848 58%

Condensed Statement Of Operations - Three Months Ended:
Sales 966,836 418,948 131%
Gross Margin 455,854 422,088 8%
Operating Expenses 572,114 544,243 5%

Net Income (Loss) before
non-controlling interest $(116,260) $(122,155) 5%
Non-controlling interest (18,731) -

Net Income (Loss) (97,529) (122,155) 20%

Earnings (Loss) per Share $(0.008) $(0.012)

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To: Stephen O who wrote (40)1/20/1999 1:03:00 PM
From: Stephen O
   of 90
 
Rocky Mountain Chocolate Factory Chooses CSI's ERNEX(tm) System
Offering ERNEX Real Time Points And E-Gift Cards

CSI Credit Systems International Inc. announces that the Rocky
Mountain Chocolate Factory, a Burnaby based confectionery company, will launch a customer loyalty program using CSI's ERNEX system and CSI's GT-100 terminals for all its corporate-owned locations in Canada.
Rocky Mountain Chocolate Factory owns 11 stores and has franchised an additional seventeen (17) stores throughout Canada. The company specializes in quality, hand-made chocolate and confectionery products. The GT-100 terminals will enable Rocky Mountain to launch the ERNEX E-Gift Card, an electronic plastic card gift certificate, and the ERNEX real time points system. CSI is developing a real-time points program to replace Rocky Mountain's existing discount based loyalty program that will allow Rocky Mountain Chocolate Factory to track high-value customers and market to them more effectively. The ERNEX programs will be initially launched at the 11 corporate-owned stores. The terminal system will also handle all credit and Interac processing for the stores. Installation is targeted for early spring.
Rocky Mountain Chocolate Factory's Canadian operation is owned by
Immaculate Confections, of Burnaby, BC. There are 221 Rocky Mountain
Chocolate Factory Stores in the United States with headquarters in Durango, CO.
"CSI has an innovative solution which fits with our culture." Says Rocky Mountain President Brian Kerzner, "The real-time aspect of ERNEX ensures simplicity, security, and excitement for both our stores and, more importantly, our customers.".
"We are very excited with Rocky Mountain Chocolate Factory's decision to use the ERNEX system." said James Christensen, President "Rocky Mountain is a leader in their chosen field and will be an excellent partner to showcase ERNEX".
CSI Credit Systems International Inc. is a transaction information company specializing in business-to-customer transactions. CSI offers retail businesses the opportunity to market products and services on a customer specific basis through a comprehensive and fully integrated network of customer information gathering software and hardware
TEL: (604) 415-1517 J. Caren Holtby, Corporate Communications
email: choltby@csicredit.com
website: www.csicredit.com

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To: Stephen O who wrote (41)1/26/1999 5:44:00 PM
From: Stephen O
   of 90
 
Nike chooses ERNEX
CSI CREDIT SYSTEMS INTERNATIONAL INC ("CSU-V") Nike To Launch CSI's Ernex(tm) Real-time Points Program
- Ernex To Be Installed In "Nike To"

Credit Systems International Inc. announces that NIKE Canada Ltd. will launch the ERNEX electronic marketing system at its new flagship store in Toronto on April 1st, 1999. System installation begins today.
NIKE, one of Canada's largest athletics footwear producers, is set to launch ERNEX points at its flagship store April 1st, 1999. ERNEX real-time points will enable NIKE to learn more about their top customers and help them create a stronger relationship between their customers and the NIKE brand store. ERNEX will track customers making purchases at 'NIKE TO' and provide the data to NIKE Canada for targeted marketing campaigns.
The initial program at "NIKE TO" is a pilot. Rollout to the remaining five (5) Canadian locations is expected late in 1999. NIKE in the United States has 71 locations, comprised of eleven (11) NIKE towns (massive superstores), two superstores and 58 factory outlets.
"This is a fabulous opportunity for ERNEX to demonstrate the power of
real-time marketing." says President, James Christensen. "NIKE is one of the world's premier retailers. For them to choose ERNEX as the solution of choice is a huge vote of confidence."
"NIKE Canada is looking at the ERNEX solution as a brand enhancing
opportunity that allows us to really connect with our customers" stated Grace Zeppilli, Director of Retail for NIKE Canada.
CSI will derive immediate revenue from the sale of eleven (11) GT-100 transaction terminals, recurring revenue from the operation of ERNEX real-time programs, and program consultation.
CSI Credit Systems International Inc. is a transaction information company specializing in business-to-customer transactions. CSI offers retail businesses the opportunity to market products and services on a customer specific basis through a comprehensive and fully integrated network of customer information gathering software and hardware
TEL: (604) 415-1517 J. Caren Holtby, Corporate Communications
email: choltby@csicredit.com
Internet: www.csicredit.com
______________________________



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To: Stephen O who wrote (42)1/28/1999 6:41:00 PM
From: keith schaefer
   of 90
 
Great deal, but we need some big orders - like 1000 units plus. Best Western could roll out 2500 if they close that deal. The recurring revenue numbers are sweet on something like that.

2500 x $200 a month = $500,000 a month in high margin recurring revenue. For that, they could probably give the terminals away at cost.

There's lots of chains - hotels, Subway type retailers, other chains that only accept cash now but want a way to track customers via loyalty cards - we only need to land one.

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To: keith schaefer who wrote (43)1/28/1999 8:21:00 PM
From: Stephen O
   of 90
 
Rocky Mountain Chocolate Factory Chooses CSI's ERNEX(tm) System
- Offering ERNEX Real Time Points And E-Gift Cards

CSI Credit Systems International Inc. announces that the Rocky
Mountain Chocolate Factory, a Burnaby based confectionery company, will launch a customer loyalty program using CSI's ERNEX system and CSI's GT-100 terminals for all its corporate-owned locations in Canada.
Rocky Mountain Chocolate Factory owns 11 stores and has franchised an additional seventeen (17) stores throughout Canada. The company specializes in quality, hand-made chocolate and confectionery products. The GT-100 terminals will enable Rocky Mountain to launch the ERNEX E-Gift Card, an electronic plastic card gift certificate, and the ERNEX real time points system. CSI is developing a real-time points program to replace Rocky Mountain's existing discount based loyalty program that will allow Rocky Mountain Chocolate Factory to track high-value customers and market to them more effectively. The ERNEX programs will be initially launched at the 11 corporate-owned stores. The terminal system will also handle all credit and Interac processing for the stores. Installation is targeted for early spring.
Rocky Mountain Chocolate Factory's Canadian operation is owned by
Immaculate Confections, of Burnaby, BC. There are 221 Rocky Mountain
Chocolate Factory Stores in the United States with headquarters in Durango, CO.
"CSI has an innovative solution which fits with our culture." Says Rocky Mountain President Brian Kerzner, "The real-time aspect of ERNEX ensures simplicity, security, and excitement for both our stores and, more importantly, our customers.".
"We are very excited with Rocky Mountain Chocolate Factory's decision to use the ERNEX system." said James Christensen, President "Rocky Mountain is a leader in their chosen field and will be an excellent partner to showcase ERNEX".
CSI Credit Systems International Inc. is a transaction information company specializing in business-to-customer transactions. CSI offers retail businesses the opportunity to market products and services on a customer specific basis through a comprehensive and fully integrated network of customer information gathering software and hardware
TEL: (604) 415-1517 J. Caren Holtby, Corporate Communications
email: choltby@csicredit.com
website: www.csicredit.com

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To: keith schaefer who wrote (43)3/10/1999 10:51:00 PM
From: Stephen O
   of 90
 
Another customer expands ERNEX

- Family Golf To Roll-out CSI'S ERNEX(TM) System

CSI Credit Systems International Inc. ("CSI") announces the expansion
of the ERNEX service into an additional 32 North American sites for Family
Golf Centre Inc. ("Family Golf") of New York.
Family Golf, which has been piloting the ERNEX service at 11 sites in
Florida, Georgia and South Carolina since November 1998, has decided to
roll-out the ERNEX service. Phase II will be to an additional 32 sites in
British Columbia, Alberta, Ontario, Washington, Oregon, Montana, Kansas and
Texas. Roll-out will involve the installation of 53 GT-100 terminal
systems for the operation of an enhanced ERNEX program. The new program
will see ERNEX tracking the activation date of new membership cards and the
redemption of coupons. In addition, ERNEX will notify the customer when
the membership card is close to expiry. This will all be done in real-time
at the point of sale, in addition to the current points program by which
ERNEX pushes customized messages back to the customer based on their
purchase history.
When this phase of roll-out is complete, Family Golf will be operating
ERNEX programs at 43 of the 116 sites involving a total of 67 GT-100
terminal systems. In Canada, Family Golf centres operate under the name
Eaglequest.
"Roll-out of the Family Golf real-time customer loyalty ERNEX service
is a strong endorsement of the ERNEX service and its abilities in the
American marketplace." says CSI President James Christensen.
"We have been very pleased with the results of the initial pilot
program and look forward to the expanded program." says Stacey Morton,
Loyalty Marketing Manager for Family Golf. "ERNEX has shown great
flexibility and the reporting capabilities have helped us begin to move down
the path of customer relationship marketing.".
Family Golf owns and operates 116 golf centers. The centers are
devoted to offering a variety of high quality golfing experiences to every
member of the family. Each of the centers provides a selection of practice
opportunities including a year-round driving range, facilities for
chipping, putting, and pitching, golf instruction, a miniature and/or golf
course, well equipped pro-shop and a snack bar.
CSI Credit Systems International Inc. is a transaction information
company specializing in business-to-customer transactions. CSI offers
retail businesses the opportunity to market products and services on a
customer specific basis through a comprehensive and fully integrated
network of customer information gathering software and hardware.

TEL: (604) 415-1517 J. Caren Holtby, Corporate Communications
email: choltby@csicredit.com
website: www.csicredit.com

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To: Stephen O who wrote (45)3/22/1999 11:31:00 AM
From: Stephen O
   of 90
 
CSI lands McDonalds as a customer, joining Nike, Levi Strauss and Best Western.

Today McDonalds started a pilot in one store in Surrey BC with 4 CSI terminals. They displaced Royal Bank terminals because they are able to provide the paper audit trail for people withdrawing cash on Debit cards as well as paying for the meal. With the terminals in place other promotional programs can be offered in the future.

Stock price is 88c today.

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To: Stephen O who wrote (46)3/22/1999 4:03:00 PM
From: keith schaefer
   of 90
 
Let's hope there will be billions and billions served by CSI. Think of the transaction fees on a franchise with that kind of volume.

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To: Spock who wrote ()4/14/1999 6:32:00 PM
From: keith schaefer
   of 90
 
Ex CFO of VISA appointed to CSI board of directors

CSI Credit Systems International Inc
CSU
Shares issued 11,912,907
1999-04-13 close $0.8
Wednesday Apr 14 1999
Mr. James Christensen reports
Roger L. Peirce has been appointed to the company's board of directors. Mr. Peirce
is a former business unit president of First Data Corporation. Prior to his experience
at FDC he was the chief operating officer at VISA.
Mr. Peirce lives in San Francisco and is currently on the boards of a number of high
growth, high technology firms.
(c) Copyright 1999 Canjex Pu

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To: keith schaefer who wrote (48)4/14/1999 7:25:00 PM
From: Stephen O
   of 90
 
CSI APPOINTS NEW U.S.-BASED DIRECTOR Full story
4/14/99 17:27

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 14, 1999--
CSI Credit Systems International Inc. (CSI) (VSE:CSU) President James
Christensen announced that Roger L. Peirce has been appointed to
the company's board of directors.
Peirce is a former business unit president of First Data
Corp. (FDC), where he was responsible for growing FDC's merchant
services organization (now processing more than half of all US Credit
card transactions). Prior to his experience at FDC he was the Chief
Operating Officer at VISA.
During his 13-year tenure at VISA Peirce played a significant
role in building VISA to a major global player in consumer payments.
He was responsible for systems, risk control, sales and marketing, and
advertising. He also had a seat on all five VISA Regional Boards.
While he was overseeing FDC's merchant processing business, sales
grew from $100 million to $1 billion, becoming FDC's largest business
unit representing 25% of the company. He also developed the U$A Value
Exchange, a targeted marketing system using customers' credit card
purchase history.
"Roger Peirce's experience and contacts will be a significant
asset for CSI as we expand into the U.S. market," said James
Christensen, President and CEO of CSI. "His background in electronic
commerce and payment systems and his sales and marketing knowledge
make him a strong strategic addition to our board of directors."
Peirce lives in San Francisco and is currently on the board of a
number of high-growth, high-technology firms.
CSI Credit Systems International is a transaction information
company specializing in business-to-customer transactions. CSI offers
retail businesses the opportunity to market products and services on a
customer specific basis through a comprehensive and fully integrated
network of customer information gathering software and hardware.



CONTACT: CSI Credit Systems International Inc., Vancouver
J. Caren Holtby, 604/415-1517
E-mail: choltby@csicredit.com
Web site: www.csicredit.com

IMO This is a major plus for CSI, which after all is a small Canadian company. There is now someone with many powerful contacts in the Credit/Debit business in the USA associated with CSI and able to lend them immense credibility.

Stephen O

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