NEWARK, N.J., April 3, 2017 /PRNewswire/
-- National Retail Solutions (NRS), operator of one of
the nation's fastest growing point-of-sale networks for independent
retailers, today announced that it has successfully concluded its
first coupon support vehicle program for an over-the-counter offer
from one of the world's premier health-focused consumer packaged
goods (CPG) suppliers. The program leveraged NRS' point-of-sale
(POS) terminal network, which operates in over 2300 retail stores
nationwide.
During the recently completed coupon support program, NRS
promoted and distributed the CPG's offer to its POS-networked
retailers in New York and
New Jersey, and distributed the
CPG's coupons directly to store patrons through its popular 'BR
Rewards Club' program. In a short period, NRS opened 655 new points
of distribution for the CPG client.
Elie Y. Katz, President of NRS,
said, "We are rapidly expanding our point-of-sale network.
Our versatile POS terminals are now helping over 2300 bodegas and
other independent retailers compete more effectively with big
retail chains. Our coupon support vehicle programs offer both
our participating retailers and CPG suppliers a powerful channel to
extend their marketing reach and drive sales."
NRS is well positioned to help CPG suppliers extend their
marketing reach into America's urban, ethnically focused
communities. "This agreement reflects our unique capabilities to
help CPG suppliers penetrate the fragmented but extremely robust
and dynamic urban retail market," said Eli
Korn, Vice President of NRS. "We can help CPG brands
increase their visibility and penetration in our retailer
locations, market to our BR Rewards Club members, and engage urban
retailers and consumers directly with coupon offerings."
About National Retail Solutions (NRS):
NRS operates a
point-of-sale (POS) terminal based platform to bodegas and other
independent retailers nationwide. The NRS platform provides a
robust portfolio of tools to help these retailers compete more
effectively including loyalty programs, consumer coupons,
wholesaler discounts, and integration with Boss
Revolution® voice and payment services. Consumer
packaged goods (CPG) suppliers access the NRS platform to offer
promotions, coupons and special offers. The NRS platform
provides CPG suppliers with unprecedented access and reach into the
urban, ethnically focused consumer markets predominantly served by
bodegas and other independent retailers. NRS is a subsidiary
of IDT Corporation (NYSE: IDT).
About IDT Corporation:
IDT Corporation (NYSE: IDT),
through its IDT Telecom division, provides telecommunications and
payment services to individuals and businesses primarily through
its flagship Boss Revolution® and Net2Phone®
brands. IDT Telecom's wholesale business is a leading global
carrier of international long distance calls. For more
information on IDT, visit www.idt.net.
All statements within this release that are not purely about
historical facts, including, but not limited to, those which use
the words "believe," "anticipate," "expect," "plan," "intend,"
"estimate," "target" and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. While these forward-looking statements
represent IDT's current judgment of what may happen in the future,
actual results may differ materially from the results expressed or
implied by these statements due to numerous important
factors. IDT's filings with the SEC provide detailed
information on such statements and risks, and should be consulted
along with this release. To the extent permitted under applicable
law, IDT assumes no obligation to update any forward-looking
statements.
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SOURCE National Retail Solutions