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NIS Holdings Corp. (OTC: NISC) announced today that the Earn IQ business team has successfully completed the Site Acceptance Test (SAT) of the web site, rewards platform and the iPhone mobile application.
The next step for Earn IQ is the Pilot testing phase which starts officially today. During this period, the Earn IQ team will test the rewards program for both the online and in-store services, in a real environment with a number of Earn IQ restaurants. Pre-registered members of Earn IQ will be able to collect points on their total bill purchases in-store, by ordering online and through the Earn IQ mobile app for iPhone devices. Telephone orders are also eligible for collecting points.
The Earn IQ rewards program features includes:
Through the Earn IQ commercial website, registered members are able to activate their cards to begin earning and using their rewards points; with no cap on points collection. Those people without cards, they can register with Earn IQ and request for a card. The website serves as a hub for downloading the Earn IQ On-The-Go mobile application and as a search engine for Earn IQ restaurant partners. Also, the Earn IQ website offers its users special capabilities for placing and processing online orders and account management; with features such as adding additional members under one account, managing saved addresses and payment methods, reviewing points balance and detailed transaction history for each member.
With the Earn IQ system, a real-time data connection is provided to both members and merchants. Through their unique account, B2B and B2C members are able to see their transactions, order history, and analytical balance – that is, rewards collected and spent both online and in-store.
For the in-store transactions, Earn IQ places its own tablet in all participating stores. The cardholders are able to collect and redeem their points by simply scanning the QR code of their card, key tag or their mobile phone onto the Earn IQ tablet.
The Earn IQ integrated system is installed on dedicated servers to help avoid connectivity problems and enable users to have a smoother and more seamless online experience. A series of updates of the Earn IQ website, including improvements and bug fixes with each iteration, is currently on track during the Earn IQ pilot phase. The Company plans to release the final version on March 1, 2013.
"This is truly a historic day for NIS Holdings and for all of the shareholders. We are very excited about the pilot phase of the Earn IQ rewards program. I hope that everything will go fine and people will embrace Earn IQ the same way as we did", stated President of NIS Holdings Corp., Nikolaos Mangas.
About NIS Holdings Corp.
NIS Holdings Corp. is a public holding company with its common stock currently traded on the over-the-counter (OTC) markets, under the ticker symbol NISC. It is registered in Carson City, Nevada and headquartered in the City of New York. The Company specializes in the acquisition of firms in profitable markets with high-potential and capable of achieving sustainable growth. NIS Holdings provides professional support for its consolidated subsidiaries through operational business management, financing, and controlling activities. The Company targets three key business sectors: the customer loyalty management market, the gift card industry and the marketing consulting industry.
Earn IQ Inc., a subsidiary of NIS Holdings, is a provider of loyalty marketing solutions focused on the retail industry which helps businesses better understand the needs of their target groups by mapping the entire chain of customer loyalty activities from account management and management of redemption processes, to the implementing of advertising campaigns.
Issued by NIS Holdings Corp.
For further information in this release please contact Mrs. Vasiliki Anagnostou at NIS Holdings, Corp. on tel.: 212-6881007, e-mail: investors@nisholdings.com
This document was produced by and the opinions expressed are those of NIS Holdings Corp. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of NIS Holdings Corp. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable, but NIS Holdings Corp. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes", "anticipates", "expects", "intends", "plans", "seeks", "estimates", "may", "will", "could", "stands to" and "continues", as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of NIS Holdings Corp., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. NIS Holdings Corp. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
