Y3K Delivers Customized Software Package to Consumer First
December 18 2003 - 5:00PM
PR Newswire (US)
Y3K Delivers Customized Software Package to Consumer First Software
Aggregates Thousands of Businesses in National Shopping Network
SEATTLE, WA, Dec. 18 /PRNewswire-FirstCall/ -- Y3K Secure
Enterprise Software, Inc., (OTC/BB: YTHK), a leading provider of
Secure Communication and Enterprise Software Systems and Solutions,
announced today the completion of its customized MarketPortal
software for Consumer First, a national financial services,
consumer marketing company with a nationwide network of merchants
and customers. The custom MarketPortal software is part of a
development and licensing agreement that calls for Y3K to provide
customized MarketPortal and Affiliate Tracker software that will
allow Consumer First to aggregate its thousands of merchants in an
online shopping network. According to the agreement, Y3K receives
an annual fee from every business that joins the network, plus a
percentage of all transaction fees. "The completion and operation
of the customized software for Consumer First means that we will
begin to immediately generate revenue," stated King Cole, President
of Y3K. "Based on current growth trends of Consumer First, this
contract is projected to result in revenue of $3.9 million dollars
for Y3K over the course of 2004, with the potential for $300,000
during the first quarter. This will prove to be a very lucrative
partnership for both companies." "We are very pleased with the
functionality of the Y3K software package," stated Wayne Umbertis,
Contracting Coordinator for Consumer First. "We enjoy a solid
working relationship with Y3K and we are confident that businesses
and consumers will respond very positively to this new mega
shopping environment." Y3K and the Consumer First Executive Team
are now jointly developing a training program for the rapidly
growing 10,000 member national sales force. The sales force will
begin recruiting additional businesses for the Consumer First
online shopping portal at the start of 2004, and consumers will be
able to shop in the robust shopping environment shortly thereafter.
The Consumer First model is an historical first in which consumers
receive direct benefits from the merchants when they spend at any
of the thousands of businesses within the national network.
Consumer First has created an affiliation with both Visa and
MasterCard and also have their own Consumer First Card. Consumer
First works with a number of major affinity groups including
national PTA, major universities and major credit unions and their
rapidly growing merchant base includes national major chains such
as Pep Boys and AAMCO. Consumer First has access to over 14 million
credit card holders, and has 10,000 member/distributors. About Y3K
Secure Enterprise Software (http://www.ythk.com/) Founded in 1999,
Y3K, Inc. initially started as a provider of Secure Internet
commerce software. Through its experience with both businesses and
consumers, Y3K has successfully made the transition to become a
leading provider of secure enterprise software. Y3K's main product
is the FusionPak Suite, which includes ICS (the most secure instant
messaging (IM) system on the market today), CommerceManager (a
state-of-the-art Internet commerce engine), Market Portal, a
sophisticated business data management tool and other enterprise
business software applications. About Consumer First
(http://www.consumer1st.com/) Consumer First is a national
financial services and consumer marketing company. Based in Ohio
and Texas, Consumer First has developed a business model which
integrates breakthrough technology, consumer marketing and merchant
marketing fees to create true residual income for their Consumer
Advocates and true loyalty for participating merchants. Consumer
First's customized software and payment process enables them to
offer refunds to consumers at participating merchants nationwide
when they use their existing Visa or Mastercard. It also offers
those same individuals the opportunity to become Consumer Advocates
and create residual income by enrolling other consumers to enjoy
the benefits of becoming a Consumer First customer. Billions of
dollars of technological developments have been merged to create an
economic system that allows consumers to have a vested interest in
the success of the company and merchants; it is a system that
enables consumers to make money when they spend money. The Consumer
First Economy establishes a historical first. This report includes
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. The information in this news
release includes certain forward-looking statements that are based
upon assumptions that in the future may prove not to have been
accurate and are subject to significant risks and uncertainties,
including statements as to the future performance of the company.
Although the company believes that the expectations reflected in
its forward-looking statements are reasonable, it can give no
assurance that such expectations or any of its forward-looking
statements will prove to be correct. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic
risks and uncertainties. Y3K Secure Enterprise Software, Inc.,
Jennifer Stephens, (253) 284-2935, (YTHK) DATASOURCE: Y3K Secure
Enterprise Software, Inc. CONTACT: Y3K Secure Enterprise Software,
Inc., Jennifer Stephens, 253-284-2935, (YTHK)
Copyright