Major insurance company to offer KiddieVoice™ product line to
MEMPHIS, TN- Aug 08, 2006 (MARKET WIRE via COMTEX) ATWEC Technologies (ATWT) announced today it has completed an arrangement with NSI, a division of West Bend Mutual Insurance Company, to offer its KiddieSystem™ product line to West Bend Mutual policyholders at a discounted price. West Bend Mutual will further encourage its policyholders to install KiddieVoice™ by offering a premium discount to those who do.
KiddieVoice™ is a product designed for childcare operations to guard against a child being left behind in a car, van, or bus. Each product of the KiddieSystem™ line has a unique purpose for protecting a child's safety. ATWEC will offer West Bend Mutual policyholders an instant discount for those participating in this offer.
“NSI appreciates the opportunity to partner with ATWEC and provide our valued policyholders with potentially life-saving equipment their businesses need,” said Chel Buttchen, NSI supervisor of Childcare and Personal Appearance Programs. “We want to do everything we can to protect the children they care for, as well as the business itself, by providing our customers with important loss prevention tools. KiddieVoice™ is one of those vital tools.”
ATWEC/KiddieSystems™ is equally thrilled about the new agreement. Alex T. Wiley, president of ATWEC, said, "We are extremely pleased about the endorsement of our product line from such a respected insurance company as West Bend Mutual. This is an important step for ATWEC as we move into national distribution of our KiddieSystems™ product line."
Buttchen noted that in addition to a discount in the purchase price of KiddieVoice™, NSI would provide an auto liability premium credit to those policyholders that offer proof of installation on all vehicles used for transporting children.
NSI is a strong advocate of promoting awareness of childcare safety and loss prevention. “We believe our partnership with ATWEC will definitely strengthen the message,” Buttchen said. “If we help prevent just one tragic accident because of KiddieVoice™, we’ve done our job and helped our policyholders do theirs. As ATWEC states, ‘One child lost is one too many.’”
“Our association with West Bend Mutual Insurance and their specialty division, NSI, only adds validity to who we are and what we are doing. NSI obviously understands why the KiddieSystems™ product line is important and why child care safety is even more important,” said Wiley.
The NSI division of West Bend Mutual offers a premier insurance program to meet the specific needs of child care businesses in Iowa, Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin. The company provides a full range of business insurance for Childcare operations. The potential market for the Kiddie Systems™ product line is represented by a total of 88,205 licensed family and group centers throughout these seven states.
Founded in 1894 and based in West Bend, Wisconsin, West Bend Mutual is rated A+ by A.M. Best, financial analysts of the insurance industry.
To find out more about NSI, please contact your local Independent Insurance Agent who represents West Bend Mutual, or visit www.national-specialty.com or www.westbendmutual.com.
For more information on ATWEC Technologies, visit the company's web site: www.atwec.com.
NOTE: Certain statements made in this press release are company-based projections within the scope of the Private Securities Act of 1995. Such statements involve known and unknown risks. Uncertainties and other mitigating factors may influence desired outcomes. Such risks, uncertainties and/or other mitigating factors include but are not limited to new economic conditions, risks associated in product development, market acceptance of new products and continuing product demand, level of competition and other factors both known and unknown as described within this Company's reports and other filings with appropriate regulatory agencies.
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SOURCE: ATWEC Technologies, Inc.