Pipeline Data Signs 2-Year Exclusive Agreement with towPartners to Promote AIRCHARGE Wireless Credit Card Payment Solution
QUINCY, Mass., Jan 10, 2006 (BUSINESS WIRE) -- Pipeline Data Inc. (OTCBB:
PPDA) announced today that it has entered into an exclusive marketing agreement
with towXchange, Inc. d.b.a. towPartners, a national association of tow truck
companies representing over 7,000 members and approximately 70,000 tow trucks.
Under the agreement, towPartners will now market the AIRCHARGE wireless
credit card acceptance and check guarantee technology. AIRCHARGE is a wholly
owned subsidiary of Pipeline Data, which recently acquired the company on
September 30, 2005.
The AIRCHARGE payment solution will enable tow truck drivers to receive
payments on the road via swiped credit card and check guarantee transactions
over their cell phones. towPartners reports that its members currently use over
25,000 AIRCHARGE compatible mobile phones and activate an additional 400 mobile
phones per month. The agreement requires towPartners to promote the AIRCHARGE
payment solution to its membership.
AIRCHARGE provides credit card processing and wireless check guarantee
solutions using Java-enabled cell phones on nearly all major US cellular
carriers. A multimedia demonstration of the service is available at
www.aircharge.com.
About Pipeline Data:
Pipeline Data Inc. provides integrated transaction processing services for all major credit cards. The Company offers card processing services in three key areas: wireless mobile payment, e-commerce solutions and retail merchant payment.
Safe Harbor Statement:
The information provided for in this Press Release contains forward-looking statements that involve risks and uncertainties more fully set forth in the Company's filing. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to uncertainties that could affect performance and results of the Company in the future and, accordingly, such performance and results may materially differ from those expressed or implied in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to those relating to the Company's growth strategy, customer concentration, outstanding indebtedness, seasonality, expansion and other activities of competitors, changes in federal or state laws and the administration of such laws, protection of the securities markets and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Statements made in this Press Release that are not historical facts are forward-looking statements that are subject to the "safe harbor" created by the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ significantly from those discussed and/or implied herein.
SOURCE: Pipeline Data Inc.
Pipeline Data Inc. Lane Gordon, 617-405-2600 x228 Lane.Gordon@pipelinedata.com www.pipelinedata.com