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DataWave Systems Inc; New Revenue Streams and Notice of Intent to Restructure Share Capital.
Business Editors
VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 13, 2001
DataWave Systems (CDNX:DTV.)(OTCBB:DWVSF)
Additional and Diversified Sources of Revenue
Following extensive planning, R&D and field testing, as outlined in previous news releases, DataWave Systems Inc. is pleased to confirm deployment of its strategy to substantially expand the market for the Company's proprietary technology.
The Company believes it will be the leader in providing the infrastructure to enable safe and economical electronic cash transactions. The Company's entry into this sector of the service industry provides substantial growth opportunities.
Josh Emanuel, President & CEO of DataWave Systems Inc. states "to date, the Company's revenues have been derived from prepaid telephony. We have utilized these revenues to fund organic growth and the R&D necessary to open new markets to the Company. We are pleased to confirm deployment of our technology into the first of those new markets. Field trials have been initiated for the sale of prepaid monthly bus tickets for a substantial US transit operator in the Midwest."
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Source: HighBeam Research, DataWave Systems Inc; New Revenue Streams and Notice of Intent to...