CHANTILLY, Va.,
July 29 /PRNewswire-FirstCall/ -- FLO Corporation
(OTC Bulletin Board: FLRP), which markets the FLO Registered Traveler card
that gives members fast access through security at leading airports, today
signed a three-year, exclusive agreement with the Washington Redskins football
team. This partnership will bring the benefits of the FLO Card to the team's
millions of fans including preferred access to FedExField when attending
Redskins games as well as speedy access through special security lanes at
Reagan National,
Dulles and other major U.S. airports.
Redskins fans participating in the program will be issued a collectible
Redskins branded access card and will be able to quickly enter the stadium
through specially marked and dedicated "Fast Lane" stadium gates. A one-year
membership, which includes the Redskins Fast Lane card, rtGO(sm) Registered
Traveler services at airports and additional benefits loaded into the card, is
only $100. FedExField, the home of the Washington Redskins, is the NFL's
largest stadium, holding as many as 92,000 fans. (For a sample image of the
Redskins / FLO card go to http://www.flocard.com/redskins/card)
"This is the first step in a major expansion of our business that will
allow FLO members quick access through security at airports as well as
preferred access to major concerts, venues and events where regular entrances
can at times become extremely crowded," said Glenn Argenbright, Chairman and
CEO of FLO Corp. "In accordance with our strategy, we are evolving the
platform beyond Registered Traveler and developing an expanding variety of
lifestyle-enhancement benefits.
Washington Redskins Chief Operating Officer, Mitch Gershman said, "I am
excited to bring red-carpet treatment to FedExField on game day for thousands
of loyal Redskins' fans. This affordable and innovative new service enables
the average fan to enjoy premier fast lane-access, a service not available at
any other sports venue in the country."
"This fan-centric membership helps to advance our ongoing quest to improve
the total fan experience on game day. The bonus for our fans is that by
partnering with FLO Corp., the Redskins card also enables members to get
through security in just minutes at Reagan, Dulles and 17 other U.S. airports.
Over 60,000 Redskins fans took more than 10 domestic trips in the last year;
and more than 500,000 traveled domestically for business," Gershman added.
FLO cards, including the new Redskins branded card, are interoperable with
all Registered Traveler verification stations that the U.S. Transportation
Security Administration has approved at 19 U.S. airports. In addition, FLO
offers a robust assortment of benefits that add value, choice and convenience
far beyond the airport security lane. These benefits can be selected from more
than 75 options. They include such offerings as a personal concierge,
worldwide airline lounge access, discounts on top brand gift cards, worldwide
travel assistance, travel insurance and mortgage concierge services. Details
about FLO's benefit programs can be found at http://www.flocard.com/.
FLO Executive Vice President Luke Thomas said, "The business opportunity
for FLO in partnering with the Redskins is significant. The team's
exceptional demographics will enable FLO to offer its services to the millions
of fans in the Washington area. With over 6,000 businesses, including some of
the largest corporations in the United States as season ticket holders, this
will no doubt be a winning season for all parties to this new service at
FedExField."
In addition, Redskins branded FLO cardholders receive a 10% discount on
all purchases at Washington Redskin Official Team Stores. It is possible to
pre-register today at www.flocard.com/redskins and have the chance to win
Redskin tickets, autographed merchandise and access to exclusive "FLO-only"
Redskins events. A portion of every card sold will benefit The Washington
Redskins Charitable Foundation.
About FLO Corp.
FLO Corp. offers a new lifestyle solution, a card that provides faster and
simpler processing at airport security checkpoints through the Registered
Traveler program administered by the U.S. Transportation Security
Administration and other venues, such as the Washington Redskins football
stadium, FedExField. The FLO card offers qualified individuals expedited
security screening in designated lanes at major airports. In addition, card
holders receive benefits such as discounts on merchandise and services as well
as promotional offers. For more information about the FLO program visit
http://www.flocard.com.
About The Washington Redskins Charitable Foundation
The Washington Redskins Charitable Foundation, the nonprofit philanthropic
arm of the team combines the influence and popularity of the Washington
Redskins with the resources and assets of Washington area corporations.
Founded by Redskins owner, Daniel M. Snyder, the Charitable Foundation is
guided by its Leadership Council that consists of CEOs who help shape and
define the philanthropic efforts of the Redskins to achieve a measurable
impact on youth development in the areas of education, community outreach, and
health and wellness. Visit www.Redskins.com and click on Community for more
information.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains information about our management's view of our
future expectations, plans and prospects that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from historical results or those indicated by these forward-looking statements
as a result of a variety of factors. For example, our business will depend on
our ability to establish and maintain strategic relationships with travel
services, technology, and other companies. If we are unable to establish and
maintain such relationships or if current relationships were to weaken, our
actual results may differ materially from those indicated by the statements
made in this release and our business could suffer. In addition, we expect to
incur substantial transaction and restructuring charges as we integrate the
rtGO(sm) solution with our solution, and there may be additional
unanticipated costs. The integration of any acquisition involves numerous
risks, including, among others, difficulties in assimilating operations and
products, diversion of management's time and attention from other business
concerns, potential exposure to unknown or contingent liabilities and possible
loss of significant customers or impairment of relationships. We may not
achieve the expected benefits of the transaction in the near term, or at all.
Our failure to successfully, timely integrate the Unisys rtGO(sm) solution
with our business could harm our business and future prospects. Other factors
that could cause actual results to differ materially from historical results
or those indicated by the statements in this release include, but are not
limited to, risks and uncertainties associated with our financial condition
and our efforts to meet the TSA's requirements to offer Registered Traveler
services to sponsoring entities as well as those included in our annual report
on Form 10-K filed with the Securities and Exchange Commission on April 15,
2008, and other documents we periodically file with the Securities and
Exchange Commission.
NOTE REGARDING TRADEMARKS
"FLO" is a trademark of FLO Corporation. The names of actual companies
mentioned herein may be the trademarks of their respective owners.
CONTACT FLO:
Richard Stern, 212-888-0044; richstern@sternco.com
Kevin Mitchell, 610-341-1850; kmitchell@flocard.com
CONTACT REDSKINS:
Karl Swanson, 703-726-7135; swansonk@redskins.com