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RSS, now a wholly-owned subsidiary of MEDP, is the entity that owns the online ordering software technology, called Alethes, that drives the business of E-Strategic Solutions. The performance of Alethes is unique to the industry as it can quickly integrate a restaurant menu into its software, provide consistency to the restaurant's branding, behave exactly like a digitized waiter, taking and delivering the customers order 24/7 regardless of the restaurants operating hours, monitor the entire ordering process, collect all sorts of demographic data of the restaurants customers, and provide the restaurant owner/manager marketing capabilities to increase revenue, check averages, order frequency and generate new users. All of these features are completed in a secured environment with automatic process monitoring of each order.
The economic benefits to the restaurant is phenomenal as the one-time set-up costs are nominal. Alethes is providing the restaurateur with a new sales channel that virtually delivers new business yielding exceptional contribution margins. This new-found business channel places no pressure on the restaurants seating capacity or dining room turns.
Alethes, www.estrategicsolutions.com, is scalable and can be translated into many languages. This feature provides the Company with substantial opportunities for international licensing in worldwide markets.
The Company acquired RSS through a share exchange of 30.0 million shares of restricted common stock of MEDP.
SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.
SOURCE: Medspas of America Inc.
Investor Relations Paul Smith, 1-866-595-1081 x701 info@medspasofamerica.com
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