DebitFone International, a wholly owed subsidiary of SATX, Inc. announced Friday that they have signed a contract with Direct Connect, a division of Schwaz, LLC.
Direct Connect has been in the ATM business for many years with hundreds of operating ATM locations throughout Metro New York, New Jersey and Long Island.
Michael Schwartz, President and founder of Direct Connect stated “We have been looking for the right opportunity to expand our revenue base and DebitFone is a natural fit. Our ATM machines are located in proven high traffic areas that will provide tremendous exposure for the DebitFone vending machine. I’m looking forward to placing the first 1000 phones into our market as quickly as possible and generating the monthly residuals as a result of air time usage”.
Mr. Schwartz also stated, “It’s too early for us to project sales and revenues, however we are convinced that as a result of the impact on the economy made by cellular and other wireless products, DebitFone will allow us to participate in this ever growing revenue steam. People spend several minutes standing at an ATM machine completing transactions and now they will have the opportunity to purchase a cellular phone completely charged, ready to use with air time and no contracts to sign.”
Garry McHenry, VP Sales and Marketing for SATX, Inc. commented, “This contract is the result of negotiations over the past several months. It is just the first of the contracts we expect to sign before the end of the year.”Details