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MIST Expands to U.S. and Japan

MIST, Inc., the Canada-based wireless transaction technology company, is expanding its operations by opening new offices in the United States and Japan. The U.S. office will be based in Phoenix and Asian operations will be coordinated from offices in Tachikawa, Japan.

“The time is right for MIST to broaden its market reach to the United States and Asian markets,” said Charles E. Lee, MIST, Inc., President and CEO. “The future of the wireless transaction business is very bright. As part of our plan to enter the American marketplace, we have already acquired certifications from several of the largest U.S. processors, and I am confident our technology will make a significant impact in that market. We are also very encouraged about our rapid acceptance in the Japanese and Asian marketplace.”

“The MIST Freedom terminals and our FreedomGate technologies make it possible for financial transactions to take place any time and place, without the need for telephone lines or wires,” continued Lee. “Our MIST Freedom family of products allow businesses the ability to close real-time sales by processing a transaction in as little as one-fifth the time of a wired system. As businesses upgrade their transaction technology, and move from a wired to a wireless world, MIST offers the most complete platform of solutions.”

Lee noted that the Japanese and Asian marketplaces already have a more advanced and robust wireless infrastructure, while the U.S. market is beginning a steady transition from a wired to a wireless world. “We see great potential in both the U.S. and Asian markets for our technology and services. Businesses will be amazed at how much time will be saved and how much more efficient their transactions will be using our Freedom technology.”

MIST, Inc., designs, manufactures and distributes wireless and wired POS solutions. During the past year MIST’s revenue increased by more than 22% from $32.9 million to $40.2 million. For more information visit www.mistwireless.com.