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On-Point Technology Systems Inc., has headquarters in
San Marcos, Calif. and was incorporated in Nevada in March of 1990.
On-Point designs, manufactures, sells, leases, and services high-security
automated point of sale transaction vending terminals for the sale of
instant-winner lottery tickets (the "Instant Ticket Retailer" or "ITR(R)"),
pull-tab lottery tickets (the "Pull-Tab Retailer" or "PTR(TM)"), prepaid phone
cards and "smart cards" (the "Debit Card Retailer" or "DCR(TM)") and vending
terminals that dispense high value products such as cell phones and pagers.
The company's ITR and DCR terminals accept bills of various denominations,
provide a secure means of product distribution and include software which
automatically accounts for product sales and inventories. The ITR terminals are
sold or leased to state and provincial governments in the United States and
Canada and to other foreign governments and their licensees.
The DCR
terminals are sold or leased to commercial customers and to governmental
entities and their licensees. The company has also developed a patented design
for a high-security automated bill-payer terminal (the "BillPayer(TM)"), which
allows customers to pay utility and other similar bills form remote locations.
The company is in the process of evaluating its strategic plans for the
further development and introduction of the BillPayer(TM). In addition, the
company has introduced certain specially designed dispensing technology to
South America, Asia, and Europe.
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