Anyone remember ECHO? Got some news today. I was actually wondering if anyone has any info on NBDS
Business Editors
AGOURA HILLS, Calif.--(BUSINESS WIRE)--Oct. 27, 1999--Electronic
Clearing House Inc. (Nasdaq:ECHO) announced the signing of a
five-year processing and software development and license agreement
with National Bank Drafting Systems Inc. (NBDS), Ft. Worth, Texas.
NBDS is a sales and marketing organization specializing in
electronic check processing services with more than 1,500 licensed
sales affiliates located throughout the United States. Under this
agreement, ECHO will develop and provide an online check processing
product which NBDS will market through its network of licensed
affiliates and their team of national account representatives.
"We are impressed with the tremendous sales and marketing
strength of the NBDS organization and are excited with the prospect of
combining that sales strength with ECHO's technical capabilities to
create a winning combination in the marketplace," stated David
Griffin, Vice President of ECHO.
Electronic Clearing House provides credit card processing, check
guarantee, check verification, check conversion, inventory tracking
services and various Internet services to more than 19,000 retail
merchants and U-Haul dealers across the nation. ECHO also designs,
develops and manufactures software and point-of-sale hardware that is
utilized as credit card processing terminals, automated money order
dispensers, inventory tracking devices, and casino cash advance
systems.
To take advantage of the new "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, readers are hereby
cautioned that this release contains forward-looking statements that
are based upon current expectations and involve a number of risks and
uncertainties. Actual operations and results may differ materially
from those expressed in the forward-looking statements made by the
Company.
--30--AJE/la* MA/la
CONTACT: Electronic Clearing House Inc., Agoura Hills
Donna Camras-Rehman, 818/706-8999, ext. 3033
e-mail: corp@echo-inc.com
echo-inc.com
KEYWORD: CALIFORNIA TEXAS
INDUSTRY KEYWORD: SOFTWARE RETAIL HARDWARE INTERNET
ADVERTISING/MARKETING MARKETING AGREEMENTS
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Oct-27-1999 12:14 GMT
Symbols:
US;ECHO
Source BW Business Wire |
