Info Touch Press Releases

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September 20, 2005

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September 20, 2005

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September, 2005

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September 16, 2005

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September 15, 2005

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September 15, 2005

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September 14, 2005

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August 30, 2005

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August 30, 2005

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August 30, 2005

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August 30, 2005

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August 29, 2005

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August 29, 2005

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August 4, 2005

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July 21, 2005

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July 21, 2005

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July 21, 2005

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July 20, 2005

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July 20, 2005

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July 19, 2005

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July 14, 2005

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July 14, 2005

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July 14, 2005

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July 13, 2005

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July 12, 2005

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June 2005

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June 1, 2005

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May 16, 2005

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May 10, 2005

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May 10, 2005

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May 10, 2005

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May 4, 2005

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May 3, 2005

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May 2, 2005

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March / April, 2005

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April 27, 2005

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April 26, 2005

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March 29, 2005

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March 28, 2005

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March 3, 2005

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March 3, 2005

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March 3, 2005

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March 2, 2005

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March 2, 2005

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February 25, 2005

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February 24, 2005

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February, 2005

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January 27, 2005

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January 27, 2005

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January 25, 2005

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January 25, 2005

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January 24, 2005

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January 19, 2005

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January 18, 2005

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January 18, 2005

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December 2, 2004

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December 2, 2004

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December 2, 2004

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December 2, 2004

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November 8, 2004

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November 3, 2004

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October 5, 2004

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September 27, 2004

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August 25, 2004

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August 25, 2004

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August 19, 2004

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August 15, 2004

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July 23, 2004

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July 1, 2004

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June 1, 2004

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June 1, 2004

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April 7, 2004

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April 7, 2004

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April 6, 2004

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April 5, 2004

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April 1, 2004

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April 1, 2004

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March 31, 2004

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March 25, 2004

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March 24, 2004

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March 23, 2004

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March 22, 2004

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January 21, 2004

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December 31, 2003

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December 22, 2003

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December 8, 2003

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November 13, 2003

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October 29, 2003

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October 28, 2003

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October 28, 2003

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October 23, 2003

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October 22, 2003

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October 22, 2003

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October 22, 2003

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October 21, 2003

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October 20, 2003

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October 17, 2003

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October 16, 2003

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October 15, 2003

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October 14, 2003

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October 8, 2003

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October 1, 2003

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August 21, 2003

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August 15, 2003

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August 14, 2003

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July 29, 2003

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July 23, 2003

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July 17, 2003

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July 10, 2003

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June 26, 2003

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June 20, 2003

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June 18, 2003

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June 12, 2003

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June 11, 2003

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June 1, 2003

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May 23, 2003

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May 22, 2003

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May 21, 2003

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April 7, 2003

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April 3, 2003

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April 2, 2003

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April 1, 2003

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March 31, 2003

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March 28, 2003

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March 20, 2003

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February 28, 2003

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February 27, 2003

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January 29, 2003

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January 22, 2003

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December 19, 2002

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December 18, 2002

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November 25, 2002

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November / December, 2002

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November 15, 2002

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November 6, 2002

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October 18, 2002

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October 17, 2002

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October 17, 2002

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October 15, 2002

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October 15, 2002

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October 1, 2002

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September 23, 2002

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September 19, 2002

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September 17, 2002

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September 17, 2002

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September 16, 2002

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September 16, 2002

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September 10, 2002

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September 4, 2002

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August 26, 2002

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August 23, 2002

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August 22, 2002

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August 21, 2002

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August 20, 2002

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August 20, 2002

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August 19, 2002

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August 19, 2002

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August 12, 2002

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August 9, 2002

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August 9, 2002

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July 19, 2002

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July 3, 2002

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June 18, 2002

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June 11, 2002

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May 27, 2002

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May 24, 2002

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May 24, 2002

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May 9, 2002

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May 1, 2002

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April 18, 2002

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April, 2002

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April 10, 2002

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April 10, 2002

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April 9, 2002

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April 9, 2002

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April 8, 2002

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April 5, 2002

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April 4, 2002

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March 25, 2002

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February 28, 2002

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February 18, 2002

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February 9, 2002

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February 7, 2002

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February 6, 2002

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January 31, 2002

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January 25, 2002

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January 23, 2002

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January 23, 2002

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January 22, 2002

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January 11, 2002

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January 7, 2002

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January 3, 2002

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December 26, 2001

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December 25, 2001

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December 15, 2001

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December 12, 2001

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November 30, 2001

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November 28, 2001

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November 19, 2001

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November 16, 2001

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October 31, 2001

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October 19, 2001

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October 17, 2001

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October 17, 2001

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October 17, 2001

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October 17, 2001

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October 17, 2001

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October 3, 2001

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September 28, 2001

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September 27, 2001

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September 21, 2001

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September 20, 2001

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September 17, 2001

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September 17, 2001

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September 17, 2001

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September 7, 2001

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September 5, 2001

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September 5, 2001

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September 5, 2001

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August 31, 2001

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August 14, 2001

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August 10, 2001

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July 30, 2001

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July 30, 2001

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July 23, 2001

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July 18, 2001

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July 18, 2001

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July 11, 2001

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July 11, 2001

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July 9, 2001

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June 27, 2001

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June 27, 2001

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June 26, 2001

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June 25, 2001

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June 25, 2001

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June 22, 2001

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June 20, 2001

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May/June 2001

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March 28, 2001

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March 13, 2001

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December 25, 2000

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November 1, 2000

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October 31, 2000

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October 10, 2000

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July 15, 2000

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July 7, 2000

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April 4, 2000

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February 15, 2000

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January 25, 2000

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January 18, 2000

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| 
Who's Who: Checking in with Hamed Shahbazi
Kioskmarketplace.com • March 31, 2004
Fortune 50 companies are downright eager to do business with Hamed Shahbazi, chairman and CEO of Info Touch Technologies Corp.
In his seven short years at the helm of the kiosk security and management software solutions provider, Info Touch—a Burnaby, B.C., public company—has struck gold with some of the nation’s corporate Goliaths.
The company’s latest coup came this month when Exxon Mobil Corp. tapped Info Touch to deploy and manage 41 touchscreen kiosk terminals in Tiger Market C-stores in Memphis, Tenn. Fortune magazine recently listed Exxon Mobil as the most profitable company on its ‘500’ list and second in revenues with $213.2 billion. (Wal-Mart was tops.)
Last fall, Fortune’s No. 7 largest company, ConocoPhillips ($99.5 billion in revenues), partnered with Info Touch to develop the world’s first Internet-enabled lottery kiosk for testing at California Circle K stores.
Last but not least, Hewlett-Packard (No. 11 on the list with $73.1 billion in revenues) owns a 14-percent stake in Info Touch and works jointly with it on various projects, including the Exxon Mobil contract. HP provides the computer hardware.
Under Shahbazi's leadership, Info Touch has been recognized as one of the top 50 Canadian technology growth companies with the Deloitte & Touche Fast 50 Award based on calculated five-year revenue growth percentage (1997-2001).
In addition, Info Touch has been honored with the PROFIT 100 Award by PROFIT Magazine and ranked No. 49 on the magazine's 100 List based on its percentage of sales growth of 1,367 percent over the past five years (1997-2002).
Info Touch’s primary focus is in the petroleum industry/retail convenience store sector. Its kiosks offer a wide variety of financial transactions to customers who have no (or minimal) banking services available to them. Customers pay a fee for such e-services as bill payment (using cash and credit cards), wireless (Wi-Fi) access, money transfer and money order purchasing. The service provides an important revenue stream to retailers.
"There are 160,000 convenience stores in the United States representing $280 billion in revenues," Shahbazi said. "This is the most important growth area for our company."
Shahbazi’s vision sets tone for company’s success
Info Touch colleagues credit Shahbazi for forming the vision that has made the company so successful.
Chris Ericksen describes his boss as a "wily thinker" who guides his 45-person staff to greater heights and spreads the credit around equally when the company secures a new piece of business.
"Hamed believes in surrounding yourself with people who’ll add fuel to your own fire," said Ericksen, Info Touch’s senior vice president of monetization.
"I’d call him the father of ‘value given-value received’ in our industry," added Joseph Nakhla, Info Touch’s executive vice president of distribution.
The compliments also come from a Hewlett-Packard colleague.
"Hamed has an innate drive to succeed," said Steven Bellinghausen, marketing manager of the Retail Solutions Group for HP. "No doesn’t mean ‘no,’ it just means ‘not yet.’ He has a vision and he drives his team toward it."
This type of kudos might make many business executives cluck with smug satisfaction. Yet Shahbazi, who is five months shy of his 30th birthday, seems humble.
He said he gets immense pleasure working with a talented executive team and forming business deals with corporate giants. But he gets equal enjoyment out of helping the low-income customer with modest means but who still needs electronic services.
‘We are trying to empower our customers’
Shahbazi said many customers who use Info Touch’s kiosks previously had to take the bus to pay their bills and conduct other financial transactions. "We are trying to empower our customers with convenience and accessibility to e-services. Helping them is what I live for."
To understand that sense of commitment, one needs to rewind to Shahbazi’s college days, when he worked hard for UNICEF and focused on helping children around the world attain educational opportunities. In 1996/7, he was nominated for volunteer of the year by the UNICEF organization in British Columbia.
By the time he had graduated in 1997 with a civil engineering degree from the University of British Columbia, he had already put in two years at the Info Touch organization. That same year, still in his early 20s, he co-founded Info Touch Technologies Corp. by helping to acquire the predecessor company and building a solid track record of customer service and profitability through product innovation.
Bellinghausen said HP is very pleased with the appreciation of its stock holdings in Info Touch.
On March 25, Info Touch (TSX Venture: IFT) announced results for the second quarter ended January 31, 2004. Revenue increased 75 percent to $1,605,526 with a net profit of $12,937 compared to revenue of $916,579, and a profit of $9,173 one year ago. Revenue for the 6-month period increased 96 percent to $3,146,617 with a net profit of $77,878, compared to revenue of $1,601,401 and a loss of $53,312 one year ago.)
Shahbazi said the company’s goal for the next five years is "to become a well-known leader in convenient access to personal finances."
"We’ve stopped being a vendor and started being an operator, and proven we have sustainability," he said.

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