Pizza.Net Expands Value-Added Services to Restaurants Through CheckCollect USA’s(R) Check Collection Services
DELRAY BEACH, FL and ST. LOUIS, MO–(Marketwire – July 31, 2007) – Pizza.net (www.pizza.net), a division of VTEC Inc. (www.vtecinc.net) with the trading symbol of (PINKSHEETS: VTEC), announced today the addition of CheckCollect USA’s check collection to the growing list of value-added services offered to pizza store and restaurant members of Pizza.net.
Under this agreement, Pizza.net member stores or restaurants can utilize the CheckCollect USA service for the collection of checks returned for non-sufficient funds (NSF) when either soft (electronic) or hard collections are required to collect on an NSF check. Many check collection companies and services offer free soft collection, but under the terms negotiated by Pizza.net on behalf of their stores and restaurants, hard collections are also offered at no charge. The CCUSA service is transparent to the restaurant or store manager and completely free. Check verification is also available for a modest additional fee.
“At Pizza.net we started with the goal of creating the best search engine in the pizza industry, connecting consumers with great pizza stores and restaurants. The success of that first idea has grown into a large enterprise where we also offer the restaurants valuable services,” said Julie Reiser, President of Pizza.net. “We have seen many offers from various check collection companies, but when we heard about CCUSA, they quickly got our attention,” Reiser added. “And offering soft and hard collection to our member stores and restaurants for no fee and without taking a percentage of the face value of the check upon collection is a valuable proposition for our stores and restaurants,” she concluded.
“The typical merchant is paying far too much for check collection services and at CheckCollect USA, we are working to reverse that trend,” stated Buck Krieger, managing partner for the St. Louis-based firm. “From the first phone call, we have been impressed with the Pizza.net model and feel fortunate to be a part of their organization,” Krieger added.
Pizza.net member stores and restaurants can learn more about the CheckCollect USA offering by contacting either Pizza.net or CheckCollect USA.
ABOUT VTEC INC. (VTEC)
VTEC Inc. (www.vtecinc.net) with the stock symbol of (PINKSHEETS: VTEC) was formed to acquire and create unique Internet enterprises that offer but are not limited to the expedited access to entertainment, food, financial services, travel, learning, news and targeted information, as well as innovative, intuitive consumer products through e-commerce. The company’s current Internet properties include www.lookitsmeontv.com offering numerous types of personalized products for children and www.pizza.net — the World’s Largest Pizza Search Engine with a 65,000 + restaurant database where users can easily search by zip code, distance, and name.
ABOUT CHECKCOLLECT USA
Created specifically for retail and service businesses, CheckCollect USA LLC (CCUSA) is a leading provider of check recovery, as well as traditional collections services. CCUSA offers check collection, check verification and check guarantee programs through our relationships with leading processors.
Legal Notice Regarding Statements Including Those That are Forward Looking.
The statements in this press release regarding real or implied expectations with regard to the future impact on the company’s results from acquisitions or developed properties are forward-looking statements and are within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the above document may also contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although every effort has been made not to include statements that involve risk and uncertainties that may be the case and such statements are subject to change at any time. There are no anticipated results detailed in the above statements, however, actual results may differ materially from expected or implied results.
