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| Special Report |
ERNEX®, MONERIS® and SIVA ANNOUNCE STRATEGIC ALLIANCE |
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Integration of Technologies Enables Loyalty, Gift Card, Credit and Debit Vancouver, March 10, 2005 - Ernex, a division of Moneris Solutions Corporation ("Ernex"), an industry leader in real-time loyalty and stored-value gift card programs, and Moneris Solutions Inc. ("Moneris USA"), a subsidiary of Moneris Solutions Corporation ("Moneris Solutions"), are pleased to announce a strategic alliance with SIVA CorporationTM, a leading provider of next generation restaurant applications. Under the terms of the agreement, SIVA will integrate Ernex's loyalty and gift card functionality and Moneris USA's credit and debit interface into SIVA's point-of-sale application as well as certain external devices that SIVA has incorporated into a turnkey solution, including an Ingenico wireless terminal and a self-service guest kiosk. SIVA, Ernex and Moneris USA will then co-market this first of its kind turnkey solution to the restaurant industry, delivering an expanded feature set and the potential for significant cost savings all in one package. "We know that SIVA is a leader in developing enterprise technology for running restaurant operations," said Malcolm Fowler, Vice President & General Manager, Ernex. "As part of our growth strategy, we want to expand our loyalty and stored-value gift card capabilities for that environment, and we felt it was important to make our solutions available through SIVA's point-of-sale solutions." "There is an incredible demand for loyalty programs and gift card solutions as well as emerging credit and debit technologies in the restaurant industry at this time," said SIVA CEO Jim Melvin. "At SIVA, we believe that technology can and should be used to drive topline growth and enhance the guest experience. The real-time point-of-sale marketing capabilities that Ernex brings to loyalty and gift card programs will enhance our offering." [ Read Press Release: Ernex,
Moneris and SIVA Announce Strategic Alliance
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