NEW YORK, April 13, 2011 /PRNewswire/ -- NIS HOLDINGS CORP. New York, NY (OTC QB: NISC) announced today that the Company is in the initial phase of targeting larger brand names in conjunction with small and small medium merchants so as to provide a larger selection of choices for its members/cardholders. This expansion will increase brand visibility and help promote the program on a larger scale.
"Based on the initial interest we expect to start the program with a cardholder base of 50,000 members in Manhattan; this number is expected to grow exponentially, and reach 300,000 in the first months," said Vasiliki Anagnostou, Secretary and Director of NIS Holdings.
"The program is expected to start with 100+ small and small medium merchants, and two to five large brand names. This coupled with 50,000 members solidifies our presence in the market and creates the foundations for large transaction volumes," continued Chris Kiltsikis, President of the company, and concluded, "Transaction volume is the essence of our business; based on these initial numbers we can expect a minimum of 100,000 transactions in the first month of operation, increasing exponentially and reaching Alpha Dynamic's expected annual revenue of year one, of one point five million dollars."
About NIS Holdings Corporation
NIS Holdings Corp. is registered in Reno, Nevada and headquartered in New York City. The Company specializes in the acquisition of firms in profitable markets with high-potential and capable of achieving sustainable growth.
NIS Holdings is a public company trading on the OTCQB under the symbol NISC.
About Alpha Dynamic Group Inc.
Alpha Dynamic Group, a subsidiary of NIS Holdings, has conceived a unique added-value loyalty card plan that reaps exceptional benefits for every participant in the process. The Alpha Dynamic Group's Payback Cash Card program will provide the infrastructure and client services support necessary for retailers eager to retain and attract new customers.
This document was produced by and the opinions expressed are those of NIS Holdings Corp. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of NIS Holdings Corp. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but NIS Holdings Corp. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," "could," "stands to," and "continues," as well as similar expressions. Such forward- looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of NIS Holdings Corp., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. NIS Holdings Corp. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
SOURCE NIS Holdings Corp.