Wednesday, September 05, 2001
BLACKSTONE AND SPECIAL SERVICE INC ENTER INTO AGREEMENT
Miami, Florida – September 5, 2001 – Blackstone (www.blackstoneonline.com), one of the nation’s leading electronic providers of prepaid telecommunications products and services, announced today they have entered into an agreement with Special Services Systems Inc., a leading provider of payment terminals to the petroleum industry.
Blackstone will be providing Special Services Inc. with its proprietary software for the sale of prepaid products and services, including prepaid cellular and calling cards. The availability is scheduled for Fall 2001, with initial pilot programs being completed by November 2001.
According to John Marshall, president of Blackstone’s Prepaid Systems Group, “The argument for re-equipping the independent and the convenience store locations with an easy to use payment device, that is 100% paid for by the sales of prepaid products (calling cards, cellular and home phone service) is absolutely essential in today’s competitive marketplace.”
Concurring with Marshall, Gene Pounds, senior vice president of sales for Special Service Systems said, “It’s high time that the credit card terminal become a revenue producing device, rather than the money drain it has traditionally been. Now, by combining these two powerful applications, convenience store operators can now actually make money with their credit card terminals!”
Blackstone has rapidly become one of the country’s largest providers of prepaid telecommunications products and services with over 300,000 retail locations nationwide. Established and headquartered in Miami, Florida since 1995, Blackstone is privately owned, and managed by a team of executives experienced in payment processing, networking, information services, oil & gas and prepaid telecommunications. Today, Blackstone is successfully merging two industries, prepaid telecommunications and electronic transactions, into one terminal to the benefit of merchants across the United States.
In 1973, Special Service Systems, Inc. (www.specialservicesystems.com) designed a process by which it was able to control and track the movement of portable assets, such as credit card imprinters, and the remanufacture of imprinters that were installed in petroleum retail stations worldwide. In the early to mid-eighties, Special Service Systems expanded its services to include electronic point-of-sale (POS) terminals and expanded its market to the financial industry (bank card acquirers). In the mid-nineties, Special Service Systems began development of its own product, the PetroSmart terminal, which has been certified on six of the primary networks facilitating oil company transactions.
For more information on Blackstone’s products and services, please call 1-800-639-9590 or visit www.blackstoneonline.com
Blackstone POS are trademarks of Blackstone Communications Co., US and foreign patents pending.