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Technology Stocks : NAP: National Processing, Inc.
NAP 2.500+0.7%Dec 13 4:00 PM EST

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To: JakeStraw who wrote (46)12/5/2002 8:58:27 AM
From: JakeStraw  Read Replies (1) of 72
 
Cost Plus, Inc. Signs Merchant Processing Agreement with National Processing Company
Thursday December 5, 8:50 am ET
biz.yahoo.com

LOUISVILLE, Ky., Dec. 5 /PRNewswire-FirstCall/ -- National Processing Company (NPC®), a leading provider of merchant credit and debit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP), announced the signing of a multi-year card processing agreement with Cost Plus, Inc. (Nasdaq: CPWM). NPC will provide integrated authorization and settlement services for all Cost Plus credit and debit card and check transactions accepted at its stores.

Cost Plus, Inc., a leading specialty retailer of casual home living and entertaining products, offers simple yet unique solutions for every entertaining and decorating need. "Their focus on providing customers quality goods at great values has earned them a following that few in the industry can claim," said Tim Munto, senior vice president and general manager of National Sales for NPC. "NPC's fully integrated merchant processing solution is consistent with Cost Plus' strategy and merchandising focus."

"NPC is delighted to be processing for such a successful specialty retailer," said Mark D. Pyke, chief operating officer of NPC. "Cost Plus has established itself by staying focused on providing excellent customer service, value, breadth and continual refreshment of products. NPC shares the Cost Plus quality focus and superior customer service values."

"One of the keys to Cost Plus' success is the commitment to excellence from the organizations who help us serve our customers," said Murray Dashe, chairman, president and CEO of Cost Plus, Inc. "NPC has demonstrated a dedication and focus to its core business - merchant processing. We are confident that our business will only continue to grow and we look forward to a long-term relationship with NPC."
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