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March 10, 2005
ERNEX®, MONERIS® and SIVA ANNOUNCE STRATEGIC ALLIANCE
Integration of Technologies Enables Loyalty, Gift Card, Credit and Debit
Capabilities on SIVA Front-of-House Applications
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."
"By combining credit and debit card processing and loyalty and gift card functionality with SIVA's specialized point-of-sale system, we are providing the restaurant market with a streamlined and integrated solution that helps reduce cost and increase revenue " said Larry Wine, president of Moneris USA. "Moneris continues to predict and respond to merchant's needs for differentiation in today's competitive market. By expanding our portfolio to include specialized value-added applications, we are providing businesses with the tools they require to remain competitive in a dynamic business environment."
Moneris Solutions acquired Ernex in October 2003 in order to combine Ernex's loyalty marketing expertise with its world-class payment solutions and to provide outstanding value-added benefits to current and future Moneris Solutions merchants.
About Ernex
Ernex, a division of Moneris Solutions Corporation, is a provider of innovative real-time marketing solutions including privately branded and multi-merchant loyalty programs, stored-value gift cards, reward fulfillment services and loyalty database hosting services. Leading companies in the financial, retail, restaurant and hospitality industries as well as large membership organizations use Ernex solutions. For more information, contact Ernex at 877-GO-ERNEX or visit www.ernex.com.
About SIVA CorporationTM
SIVA Corporation is the creator of products and services that use next generation Internet technologies to improve operational efficiency and reduce the cost of technology ownership for multi-unit restaurant owners. The company's comprehensive, integrated family of applications streamlines core restaurant processes associated with money, materials, and people and increases the availability and timeliness of operations information throughout the enterprise.
Located in Delray Beach, Florida, SIVA distributes its point-of-sale, inventory, labor, and operations intelligence products in North America and Europe. For more information, call 561.272.2121 or visit the company's Web site at www.SIVAcorp.com.
About Moneris Solutions
Moneris Solutions Corporation (www.moneris.com) and Moneris Solutions Inc. (www.monerisusa.com) have a 30-year history as one of North America's largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 350,000 North American merchant locations and has a staff of over 1,100 employees. U.S. headquarters are located outside of Chicago, IL.
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For more information, please contact:
Steve Bestvater
Ernex, a division of Moneris Solutions Corporation
604.415.1500
pr@ernex.com
For SIVA Corporation
Ann Dickerson
JohnstonWells Public Relations
303.623.3366
adickerson@johnstonwells.com
For Moneris Solutions
Marcie Cheney
Environics
202.296.2002, ext.103
mcheney@environics-usa.com
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