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Technology Stocks : NAP: National Processing, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (19)	12/5/2001 8:38:36 AM
From: JakeStraw	Read Replies (1) \| Respond to of 72

Worldwide Restaurant Concepts, Inc. Signs Merchant Processing Agreement with National Processing Company biz.yahoo.com LOUISVILLE, Ky., Dec. 4 /PRNewswire/ -- National Processing Company (NPC®) a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc. (NYSE: NAP) announced the signing of a multi-year credit card processing agreement with Worldwide Restaurant Concepts, Inc. (NYSE: SZ). Under the terms of the agreement, NPC will provide credit card processing services for all corporate-owned stores, and serve as the preferred vendor for franchisee locations. Worldwide Restaurant Concepts, Inc. (formerly known as Sizzler International, Inc.) features a wide variety of grill items, including steak, seafood and chicken at reasonable prices, positioning itself between a white linen and fast-food restaurant. The famous Sizzler® salad bar boasts a wide selection of fresh fruits and vegetables, signature salads, soups, and other specialty items that fit the world trend towards healthier eating. Headquartered in Sherman Oaks, California, the company owns, operates, and franchises restaurants under the brand names Sizzler® in the United States, Latin America, Australia and Asia, KFC® restaurants in Australia, and Pat & Oscar's(SM) in California and Arizona. ``It's with great pleasure that we welcome Worldwide Restaurant Concepts, Inc. to the NPC family,'' said Drew Soinski, senior vice president of National Sales for NPC. ``NPC has a strong reputation in providing restaurants like Sizzler customized merchant processing solutions. Credit card acceptance is vital to this industry, and through our state-of-the-art processing platform NPC provides our customers one of the most cost-effective solutions.'' ``Being a leader in the industry for over 30 years has earned NPC both credibility and market presence that few processors can profess,'' said Mark D. Pyke, chief operating officer for NPC. ``By focusing on our core competency, merchant processing, NPC is committed to continue making the investments in products and services that will benefit our customers by minimizing their total cost of card acceptance.'' ``The competitive nature of the restaurant industry demands organizations provide the highest of quality at very competitive prices,'' said Keith Wall, chief financial officer of Worldwide Restaurant Concepts, Inc. ``Our organization embraces that concept and looks for partners that assist us is achieving that goal. NPC has demonstrated their commitment to both quality and service by providing superior merchant processing solutions at competitive prices.'' About Worldwide Restaurant Concepts Worldwide Restaurant Concepts, Inc. (formerly Sizzler International, Inc.) owns, operates and franchises about 341 Sizzler casual grills in the US and 9 other countries (mostly along the Pacific Rim), serving steak, chicken, and seafood. It also operates 106 KFC restaurants in Queensland, Australia, and 12 Pat & Oscar's restaurants in the western US.