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Kostizi, Inc

Universal, web-based, non-cash transaction system that unifies media, merchants and consumers while closing the redemption loop.

  • Stage Prototype Ready
  • Industry Business Products
  • Location Salt Lake City, UT, USA
  • Currency USD
  • Founded December 2008
  • Employees 6
  • Website

Company Summary

Kostizi is developing and pursuing patent protections on an Internet-­based Universal Redemption platform (OS) for the growing universe of cashless transactions. The platform offers merchants and consumers easy tracking and redemption of any combination of non-cash objects. Kostizi allows connectivity for third-­‐party, value-added services, which create additional revenue opportunities. Kostizi partners with existing media to capture market.


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    John Saltas
    CEO & Chairman

    Founder and publisher of Salt Lake City Weekly, Utah's 4th largest newspaper. John directed City Weekly in the development a suite of tools used by over 50 other newspapers ranging from CMS, to free classifieds, and a "Best of" ballot system. Member of the Society of Professional Journalists, John is a former board member of the Association of Alternative Newsmedia. Recipient of numerous industry, civic and educational awards.

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    Sue Jones

    Sue Jones is a veteran of the payment industry with more than fifteen years working for Discover Card. Sales leader and strategist in acquiring and managing top national accounts, such as PayPal, UPS, Hallmark, etc. Ms. Jones was responsible for targeted acquisition and development and implementation of marketing and preference programs to increase revenue and brand awareness.

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    William Stoddard

    William Stoddard has an extensive background and experience in both private debt and equity finance within both private and public markets. Currently he is, or has been, both management principal and financial principal in a wide range of companies and activities, ranging from banking, medical product and services development, computer graphic animated film making, and the development of alternative jet fuels.


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    Thomas W. Peters
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    Richard Jones

Previous Investors

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    Copperfield Publishing