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Microcap & Penny Stocks : DD-CIA Due Diligence Central Intelligence Agency
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To: ~digs who wrote (113)8/24/1998 1:00:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 120
 
CLCK will be processing and services lots of new accounts soon. One of the programs they are working on is with Financial Management Services, an unaffiliated third party, for debit cards introduced through the national chain of check cashing retail outlets of the Check Cashing Store, Inc. This could be a huge program. This was an estimate from John Westergaard of how big:

A contract to process debit cards for a chain of 3500 check cashing stores could be very large. Assume, for the sake of analysis, that each store adds 10 debit card accounts a week, that would translate to 140,000 new processing accounts a month which would double the scale of CLCK's processing business in 5 months -- we estimate it presently at 600,000 accounts.

Regards, Jeff

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