Antero Executes Contract With riteByMe.com to Offer Person-to-Person Payment Technology
HARBOR CITY, Calif., Oct. 24, 2011 /PRNewswire/ -- Anoteros, Inc. (OTCBB: ANOS) through its wholly-owned subsidiary Antero Payment Solutions, Inc., (Antero) announced the execution of a Private Label Agreement with Consolidated Fleet Management Corp. to provide person-to-person payment technology for their riteByMe.com division. The agreement gives riteByMe.com opportunity to significantly simplify the lives of its unbanked customers, allowing customers the freedom to be self-banked by utilizing the riteByMe.com person-to-person payment technology.
Michael J. Sinnwell, Jr., President and CEO notes that, "Antero in concert with riteByMe.com, customers won't need to set up a third-party account or use credit cards or bank debit cards to make a payment to riteByMe.com Merchants. It's a solution to bring clients and merchants back to the customary handshake."
"We are happy to be partnering with Antero. We believe that their product will add value for our customers and gives us the ability to further penetrate the person-to-person payment market place," said Phil Dorsinvil, CEO of riteByMe.
ABOUT RITEBYME.COM
riteByMe.com is a Long Island, New York based company consisting primarily of riteByMe.com and several other supporting sites. As a result of creating a virtual community that seamlessly interacts with its physical counterpart, riteByMe provides members with a fully automated option to explore the community they live, work, and play in. This approach makes riteByMe the first true online experience, designed to help residents make the most of their geographic community by knowing what's expected of them, and what they can expect from others doing the same. riteByMe.com offers innovative solutions to community problems by: Minimizing miscommunication between community roles; consumers, businesses, organizations, etc. Establishing a financial platform in the community enhancing its member's ability to manage spending or to aid the transfer or obtainment of money. Consistently creating positive experiences when seeking Food, Services, Jobs, and Entertainment within the community. Redirecting member attention towards community resources using interactive web tools and a number of local alliances
ABOUT ANTERO
Publicly-traded Anoteros, Inc. (OTCBB: ANOS) has a wholly-owned subsidiary – Antero Payment Solutions, Inc. (Antero) – With the currently offered suite of products such as P2P, Virtual Card programs and Mobile Wallets, Antero will create multiple points of interchange; fee based and "on us" types (Antero internal transactions, usually at a reduced fee compared with institutional transaction). This array of products not only provides consumers with an innovative new secure shopping experience, but also brings a new standard in authorization and settlement which may significantly lower the cost of transactions for merchants. With the benefit of lower fees and fewer chargebacks, we can offer alternative payment platforms as a valuable add-on feature for any retail or e-commerce merchant. Our technology allows customers to manage transactions through their favourite retailer, self-service stations or their mobile device.
Antero has a strong commitment to working closely with multiple marketing partners and financial institutions on the development of mutually beneficial pricing models. The goal is to support strong and aggressive growth and acceptance in the marketplace; a strategy that enhances the success of both partners with profitable market development and execution. Antero and affiliated companies are working closely with partners to understand their business needs and co-develop next generation financial transaction systems and services that allow the company and its affiliates to be an industry leader. Our existing joint ventures and strong partner alliances emphasize leading-edge technologies to service the "cashless society" and alternative payment solutions in tomorrow's economy.
"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995: Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks are to be included in filings with the Securities and Exchange Commission, all of which are to be available at www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise.
CONTACTS:
ANOTEROS, INC.
24328 Vermont Ave #300
Harbor City, CA. 90710
Office 310.997.2482
Toll free 800.499.0072
Fax 310.954.9243
www.anoterosinc.com
SOURCE Anoteros, Inc.
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