FLO Announces Benefits Packages and Web Portal
CHANTILLY, Va., April 14 /PRNewswire-FirstCall/ — FLO Corporation (BULLETIN BOARD: FLRP) , a leading Registered Traveler (RT) services provider, today announced the launch of two new membership offerings, a host of available added-value benefits, and a new Website designed to provide members with access to products and services that will improve the travel experience in today’s increasingly challenging air services marketplace. The announcement strengthens FLO’s standing as the only public company focused exclusively on RT.FLO has responded to traveler needs with an innovative business model purpose-built to provide members with benefits, choice and value beyond the airport security lane, an approach that has been coined RT 2.0. Specifically, FLO memberships provide convenience, productivity and safety-related services while members travel within the U.S. and abroad. The benefits announced today are national, versus one-off local specials.The value-packed Gold Ambassador membership card is priced at $100 and includes such desirable benefits as: — travel-related discounts; — identity theft protection; — worldwide travel assistance; — travel medical services; and — GPS tracking and navigation services.The Platinum Ambassador card is priced at $200 and offers additional premium benefits such as: — worldwide airline lounge access; — global concierge services; — mortgage benefits; and — travel insurance.As a point of competitive differentiation, FLO membership pricing includes the $28.00 TSA vetting fee. As such, FLO’s Gold Ambassador card costs consumers roughly 30% less than competitive offerings and comes preloaded with considerably more features and benefits. FLO’s Platinum Ambassador service is for those consumers seeking the very best - the ultimateRT value proposition. Members choose the benefits package that meets their needs and are provided a smart card that allows access to all airport RT lanes throughout the country. Complete membership information, enrollment options and a variety of useful features can be found at FLO’s newly designed Web portal at .FLO Chief Executive Officer Glenn Argenbright stated, “Today FLO celebrates with its members and partners an important milestone in its corporate development strategy. We have a large backlog of corporate accounts that we have been working to enroll and, over the last several weeks, we’ve seen a notable uptick in activity in Atlanta, New York, San Francisco, and San Jose. In working with our corporate customers, we found that they were looking for additional value beyond the security lane. We responded with a business model centered on an open benefits platform, allowing us to bring unique and innovative products and services to our members well beyond the basic RT offerings currently available.”Global Travel Services and Workplace Resources Manager for NetApp Susan Dupart added, “RT is one of the few opportunities to move passengers expeditiously into the secure sides of airports supporting TSA safety and security missions while helping business travelers recapture the productivity that has been lost in the post 9-11 era. We need a financially strong and innovative RT industry to achieve a critical mass of RT members and success at the national level. FLO’s next-generation RT 2.0 solution should help ensure the program’s success.”About FLOFLO Corporation provides a comprehensive solution for the Registered Traveler program that is built on world-class, scalable technology and administered by the U.S. Transportation Security Administration. The Registered Traveler program is designed to identify air passengers who pose a minimal security risk and then to provide those passengers with access to faster and simpler processing at airport security checkpoints. FLO Corporation has formed the “FLO Alliance” - strategic relationships with several companies with extensive expertise in credentialing, security, access control, customer service, travel services, political lobbying and corporate and consumer marketing - designed to develop, market, sell and deploy an end-to-end solution and to provide next-generation RT 2.0 membership benefits to qualified individuals for expedited security screening in designated lanes at participating airports in addition to receiving promotional offers and discounts offered by retail partners. The FLO Alliance partnership consists of FLO Corporation, Microsoft, JPMorgan Chase, Unisys Corporation, Smiths Detection Inc., International RAM and ID Technology Partners. For more information about the FLO program and Alliance visit .NOTE REGARDING FORWARD-LOOKING STATEMENTSThis 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. 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, our planned acquisition of Unisys’ rtGO(sm) Registered Traveler business, and our efforts to meet the TSA’s requirements to offer Registered Traveler services to sponsoring entities as well as those included in our registration statement on Form 10-SB filed with the Securities and Exchange Commission on November 28, 2007, 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.Media Contact:Amanda Cheslock - Sloane & Company - 212.446.1884 or Investor Contact:Josh Hochberg - Sloane & Company - 212.446.1892 or FLO Corporation
Posted in Travel