2012-10-10 18:07:00 -
North Vancouver, British Columbia CANADA, October 10, 2012, 9am PST /FSC/ - RSI International Systems Inc. (RSY - TSX Venture)("RSI"), is pleased to announce the acquisition of Innformation Systems Inc.
Innformation Systems Inc ("IS"), headquartered in Rochester, Minnesota, has been serving the hospitality industry for over 25 years with their software product 'Innfusion' that encompasses the sales/catering segment of this industry. Recently, IS has also been a reseller of RSI's RoomKey product throughout the Midwestern United States.
IS has a proven track record with over 500 properties and over 1000 users currently under contract. Approximately 85% of the annual revenues are recurring.
The acquisition is based on an equal monthly payment schedule over a period of 50 months and is
interest free during this multi-year term.
Mr. Charles Ku, President and CEO of RSI states, "We are extremely excited to have completed this acquisition of Innformation Systems. We will now have an important presence in the Midwestern United States for our suite of products and, as well, will have the opportunity for potential growth into the chain hotel market where IS currently resides."
About RSI International Inc.
RSI International Inc. is the developer of RoomKey(tm) - the only web-based Property Management System (PMS) that incorporates a fully integrated Online Reservation Booking engine and seamless real-time connectivity to the major Global Distribution and Internet Distribution Systems. RSI markets RoomKey(tm) PMS and a number of other proprietary "hosted" software solutions to a wide variety of Hospitality Industry clients around the world.
On behalf of the board,
Charles Ku, President, CEO
For further information call:
Mr. Ron Baldwin, Director/Officer
RSI International Systems Inc.
This Media Release may contain forward-looking statements, which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ from those projected herein and depend on a number of factors including the success of the Corporation's sales strategies.
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Source: RSI International Systems Inc. (TSX-V - RSY) www.welcometorsi.com
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