SOURCE: Ace Marketing & Promotions, Inc.

March 01, 2007 06:00 ET

Ace Marketing & Promotions, Inc. Signs Joint Venture Agreement With Atrium Enterprises

VALLEY STREAM, NY -- (MARKET WIRE) -- March 1, 2007 --Ace Marketing & Promotions, Inc. (OTCBB: AMKT), announced today that they have entered into a Joint Venture Agreement with Atrium Enterprises, whereby Ace Marketing has received the exclusive rights to market and sell a customized version of Atriums technology platform called, www.ExperienceTheRewards.com. In addition, Atrium will provide its sales services to Ace on an exclusive basis that will consist of selling promotional products, print sales and the like to Atrium's clients. In this respect, Ace has received its first sales order through Atrium which was in excess of $400,000.

Atrium is a leader in the motivation, incentive and rewards industry, having a combined 30 years of experience and knowledge in this, approximately, $6 billion marketplace. Atrium's mission is to fuse together a suite of marketing and service solutions with a family of products and services that develop, maintain, and enhance business relationships. For more information, go to: www.atriumenterprises.com

In addition, Atrium has agreed to develop a fully functional customized "Points Banking" platform for Ace Marketing called, "ACE REWARDS." "This platform will allow Ace Marketing to differentiate itself by offering reward points to all customers who purchase promotional products through Ace. This technology will allow Ace to compete at a higher level then their competition." said Atrium President Ken Sternfeld. Atrium will also provide an enhanced Solata marketing and communication module to the platform that would allow Ace Marketing to re-sell this "ACE REWARDS" platform to other entities within the promotional products industry. In addition Atrium agreed to create and introduce a sponsored Mobile Banking Debit Card to Ace Marketing and their customers. Atrium has granted Ace Marketing exclusive sales and marketing rights to both the "ACE REWARD" platform and the Mobile Banking Debit Card within the promotional products industry, and related industry organizations such as ASI and PPAI.

"We are very excited about the opportunity to bring a new and unique technology to our customer base and potentially to the entire $18 billion promotional products industry," said Ace Marketing President, Michael Trepeta.

"Atrium's primary goal is to work strategically with industry leading companies to create total solutions for our customers. As a recognized leader in the promotional products industry, Ace and Atrium can now jointly offer our clients integrated online rewards programs that provide the diverse and proprietary technologies, products and services that both companies have been delivering to the market independently. We are pleased to have been selected by Ace to introduce loyalty and affinity rewards programs to Ace customers as an extension of their promotional products business model. We look forward to working with the Ace team for years to come to bring value to our companies and all the clients we serve," added Ken Sternfeld.

INTRODUCING ACE

Ace is a full service advertising specialties and promotional products company that distributes items typically with logos to large corporations, schools and universities, financial institutions and not-for-profit organizations. Specific categories of promotional products include advertising specialties, business gifts, incentives and awards, and premiums.

For additional information, a copy of Ace's SEC filings can be obtained on the Internet by going to www.acemarketing.net, clicking on links and then clicking on SEC Filings.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.

Contact Information

  • Contacts:
    Ace Marketing & Promotions, Inc.
    Michael Trepeta
    President
    516-256-7766