News

Wireless Ventures signs service agreement with TrackPower

January 1, 2002

NEW YORK -- Wireless Ventures Inc. (OTCBB: WLSV) has signed an exclusive three-year services agreement with TrackPower Inc. (OTCB: TPWR) under its acquisition of 4CASH ATM Services.

Under the terms of the agreement, TrackPower grants to 4Cash the exclusive right to act as its ATM partner to install, maintain and operate ATMs in locations that TrackPower contracts with at any racetrack or gaming related facility.

According to a company new release, 4CASH will supply, install and commission the ATMs to process transactions and other services at its expense, with surcharge and revenue sharing structure as set out in the agreement.

4CASH grants to TrackPower the exclusive right to act as their sales and marketing representative to any racetrack or gaming related facility.

Stephen Cussons, president and chief executive officer of Wireless Ventures, said, "This is our first major contract and it will provide us with an entry into very high profile locations across North America."