AXESS and its U.S. Partner Rapidtron Supply New Access System in 2005
June 07 2005 - 8:01AM
Business Wire
Rapidtron, Inc., (OTCBB:RPDT) Solitude brings 'hands-free' lift
access to everybody - with no extra costs. Rapidtron, Inc., Costa
Mesa, CA, Rapidtron announced that Solitude Winter Resort will
install the new AX500 Smart Gate access system in 2005, according
to John Creel, president and CEO of Rapidtron, Inc. Mountains of
powder and mild weather. It's what has earned Solitude its name,
and it's what has been drawing families from across the country for
generations. Nearly a decade ago, Solitude's management recognized
an opportunity to differentiate them with a unique electronic
ticketing system. Since then, they have put numerous unique ticket
products on the market that benefit the customer. Solitude realized
that skiing and riding are not about restrictions, but freedom, and
they have made it more attainable and flexible for their guests.
All of their ticketing options are based around Smart Card
technology; a flexible and environmentally friendly program in
which a card can be placed in a pocket and scanned automatically on
approaching and accessing the lift. Based on years of experience
with Smart technology and positive feedback of their guests,
Solitude recently decided to take the next step in ticketing and
access control by awarding Austrian international market leader
AXESS and their U.S. partner Rapidtron to supply "the 5th
generation" in access control for winter 2005/2006. "This is a
major step for Rapidtron in the North American market as Solitude
will be the first resort in North America to implement the new
AX500 Smart Gate to all lifts and fully utilize the advantage of
Smart technology," said John Creel, President of Rapidtron. "Now
with the new inexpensive RFID paper ticket for day passes, all of
their visitors will have the hand-free advantage, which in the past
has only been for Season pass holders or for VIP express lanes
users. The decision Solitude has made to join our fast growing
family of Smart resorts will benefit them and their clientele for
years to come." About Rapidtron Rapidtron is one of the leading
smart card-access control companies in the United States, serving
the university, fitness clubs, resorts, and amusement parks.
Headquartered in Costa Mesa, CA, Rapidtron is currently providing
its smart card access control systems to Copper Mountain
(Colorado), Park City Mountain Resort (Utah) and the new Tamarack
Resort in Idaho and its bar code system to the University of
California at Berkeley, the University of California at Los Angeles
and over 180 leading fitness clubs including Bally's Total Fitness,
Gold's Gyms, California Family Fitness, Bailey's Power Gyms and
other independent clubs. Rapidtron has forged a strategic
partnership with AXESS AG, a European (Austria) corporation. AXESS
AG is at the forefront of radio frequency smart card technology and
has installed over 5,500 smart access gates and 3,500 point-of-sale
systems to transit companies and resorts in Europe. For Additional
information visit: http://www.rapidtron.com. Forward-looking
statements This release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21B of the Securities Exchange Act of 1934. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals,
assumptions or future events or performance are not statements of
historical fact and may be forward-looking statements.
Forward-looking statements are based on expectations, estimates and
projections at the time the statements are made that involve a
number of risks and uncertainties which could cause actual results
or events to differ materially from those presently anticipated.
These risks include the possibility that Rapidtron or AXESS will
not satisfy their contingencies and will not complete the
transaction, and that even if the transaction is closed, the
combination of their respective business and technologies will not
result in new businesses. ON BEHALF OF THE BOARD Rapidtron, Inc.
John Creel-President For more information visit the Company's
website at http://www.rapidtron.com or the U.S. Securities &
Exchange Commission's website at http://www.sec.gov/ to review
Rapidtron's latest filings. Rapidtron, Inc. (OTC Bulletin
Board:RPDT)
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