Sales = Earnings!
IVI Checkmate Announces $3.2 Million Order from Concord EFS
05/02ÿÿ04:17
-- Terminals, PIN Pads and printers integrated with Concord EFS small and large retail business services --
<<<ATLANTA, GA/TORONTO, May 2 /CNW-PRN/ - IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) today announced a $3.2 million order from Concord EFS, Inc. (Nasdaq: CEFT) of Memphis, Tennessee, for its e(N)-Counter 400 electronic funds transfer (EFT) terminals, PIN (Personal Identification Number) pads and e(N)-Scribe 612 thermal printers. The terminals, PIN pads and thermal printers will be packaged with electronic payment services offered by Concord EFS for resale to small retail businesses and multi-lane retailers in the United States.
Edward A. Labry III, President of Concord EFS, stated, "Our customers have benefited from the quality and cost-efficient hardware platforms that IVI Checkmate provides to Concord EFS. The e(N)-Counter 400 EFT terminal, e(N)- Crypt 100 PIN pad and e(N)-Scribe 612 thermal printer enable Concord EFS to package an attractive modular payment solution for small retailers that need electronic credit, debit and electronic benefits transaction processing."
"Concord EFS and IVI Checkmate have a long-standing, complementary business relationship. Our proven and flexible payment hardware offerings span the retail market segments that Concord EFS serves," stated Barry Thomson, President and CEO of IVI Checkmate. "We appreciate their partnership and confidence in us and we look forward to continuing our association with them."
About Concord EFS
Concord is a vertically integrated electronic transaction processor, providing transaction authorization, data capture, settlement and funds transfer services to selected markets. Concord's primary activities include providing credit, debit, check authorization and electronic benefits transfer (EBT) processing services to supermarket, petroleum, convenience store and other retailers. The Company also provides gateway processing, ATM driving and MAC© network access to the financial services industry. In addition, Concord provides electronic payment and payroll services to trucking companies, truck stops and other segments of the trucking market. For more information on Concord, visit its web site at www.ceft.com.
About IVI Checkmate
IVI Checkmate is the third largest electronic transaction solutions provider in North America. The Company designs, develops and markets innovative payment and value-added solutions that optimize transaction management at the point-of-service in the retail, financial, hospitality, healthcare and transportation industries. IVI Checkmate's software, hardware and professional services minimize transaction costs, reduce operational complexity and improve profitability for its customers in the U.S., Canada and Latin America. For more information on IVI Checkmate, please visit our web site at www.ivicheckmate.com.
This press release contains forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors including, without limitation, rapid and significant technological developments that could delay the introduction of improvements in existing products or of new products; the Company's dependence on its limited suppliers and manufacturers of component parts of its products; the Company's dependence on its proprietary technologies (which may be independently developed by competitors); the Company's dependence on a small number of large retail customers; the potential fluctuation in financial results as a result of the Company's inability to make sales to large customers as well as the volume and timing of bookings received during a quarter and variations in sales mix; competition from existing companies as well as new market entrants; the Company's dependence on key personnel; and other factors that are contained in documents that the Company files with the U.S. Securities and Exchange Commission.>>> |
