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Non-Tech : PMT Services (PMTS) -- Ignore unavailable to you. Want to Upgrade?

To: Steve D who wrote (4)	2/25/1998 12:07:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 12

PMT Services Acquires Money Transfer Systems, Inc. NASHVILLE, Tenn.--(BUSINESS WIRE)--Feb. 25, 1998 Fourth Fiscal 1998 Acquisition Includes Merchant Portfolio With Approximately 5,000 Accounts and a Sales Force Producing 400 to 500 New Merchant Accounts Per Month Richardson M. Roberts, Chairman and Chief Executive Officer of PMT Services, Inc. (Nasdaq/NM: PMTS - news), today announced the acquisition of Money Transfer Systems, Inc. (''MTSI''), an independent service organization headquartered in Clearwater, Florida. MTSI provides electronic credit card transaction processing services to a portfolio of approximately 5,000 merchant accounts, which currently generates annualized charge volume of approximately $200 million. In addition, its field sales force produces between 400 to 500 new merchant accounts each month. ''We are pleased to be formally joining forces with MTSI,'' remarked Mr. Roberts, ''a company from which we have previously purchased several account portfolios. From these prior relationships, we have come to know the MTSI management team very well, and we welcome them to PMT confident of their skills and entrepreneurial drive. ''This transaction, which is the fourth completed in fiscal 1998, highlights PMT's dual strategies for growth through internal development and acquisition. While we are again acquiring a high quality merchant portfolio from MTSI, the primary focus of this transaction was to bring the company's people - its management and seasoned sales force - into PMT. MTSI benefits from having access to PMT's buying power in pricing and purchasing, as well as from utilizing PMT's service platform, which is one of the best in the market place. PMT benefits from the expansion of its ability to generate internal sales by increasing its sales and marketing infrastructure to achieve its future growth targets. This acquisition represents the ninth transaction in the last 20 months through which we have increased PMT's internal account generation capabilities from an average of approximately 600 per month to approximately 3,500 per month. ''It is also representative of the ongoing opportunities we have to pursue the further consolidation of our markets. PMT continues to enjoy one of the strongest financial positions in its industry and has built an outstanding record of successfully completing and integrating acquisitions into its business. As a result, we expect industry consolidation pressures to continue to favor PMT. As one of the largest and lowest cost providers among its peers, PMT remains well positioned to pursue appropriate acquisition opportunities aggressively.'' Investors are cautioned that this release contains forward-looking statements, such as those relating to the benefits of the MTSI acquisition, 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. The factors that could cause actual results to vary include PMT's ability to retain the field sales force and the ongoing performance of the field sales force; the Company's ability to integrate the acquisition successfully with its processing systems and products; the attrition of merchants from the acquired portfolio; and other trends or uncertainties as noted in PMT's periodic filings with the SEC. PMT Services, Inc. is an independent service organization which markets and services electronic credit card authorization and payment systems to small retail and professional businesses located throughout the United States. PMT's account portfolio has grown through the internal development of accounts using telemarketing and a field sales force as well as through the purchase of account portfolios. PMT is one of the largest independent service organizations in the country. Contact: PMT Services Inc., Nashville Clay Whitson, 615/743-3800 ext.3200

To: Steve D who wrote (4)	5/7/1998 8:47:00 AM
From: JakeStraw	Respond to of 12

PMT Services Purchases 5,500 Merchant Accounts Generating Annualized Charge Volume of Approximately $450 Million Has Completed 8 Transactions Thus Far in Fiscal 1998 Adding Annualized Charge Volume of Almost $4 Billion NASHVILLE, Tenn.--(BUSINESS WIRE)--May 6, 1998--Richardson M. Roberts, Chairman and Chief Executive Officer of PMT Services, Inc. (Nasdaq/NM: PMTS - news), today announced that since the beginning of the Company's third quarter of fiscal 1998, it has completed four purchases of merchant portfolios. In aggregate, these portfolios include approximately 5,500 merchant accounts, which are currently generating annualized charge volume of approximately $450 million. Mr. Roberts said, ''Despite PMT's increasing focus on producing merchant portfolio growth internally, these portfolio purchases demonstrate the continued opportunities for consolidation in the small merchant segment of the electronic transaction processing industry. Thus far in fiscal 1998, PMT has completed eight portfolio purchases or acquisitions of existing businesses that have brought an aggregate annualized charge volume to the Company of almost $4 billion. As a result, the PMT's acquisition efforts during fiscal 1998 have already produced a substantial increase in its merchant portfolio, which is currently generating annualized charge volume of approximately $16 billion. ''We continue to hold discussions with a number of candidates with respect to other potential portfolio purchase transactions or acquisitions of existing businesses and intend to pursue appropriate transactions aggressively. PMT has established one of the most successful records in its industry of acquiring and integrating merchant portfolios. As one of the largest and lowest cost providers in our markets, we believe we have the economies of scale and skill to profit from additional consolidation opportunities in a growing and highly fragmented industry. ''PMT will also continue to focus heavily on building its internal account generation capability. In the past two years, we have increased this capability to approximately 4,000 new merchant accounts per month from approximately 300. As a result of the ongoing success of these dual growth strategies, we remain confident of the Company's ability to produce additional profitable growth and increased shareholder value.'' PMT Services, Inc. is an independent service organization which markets and services electronic credit card authorization and payment systems to small retail and professional businesses located throughout the United States. PMT's merchant portfolio has grown through the internal development of accounts using telemarketing and a field sales force as well as through the purchase of merchant portfolios and acquisitions of existing businesses. PMT is one of the largest independent service organizations in the country. Investors are cautioned that this release contains forward- looking statements, such as those relating to PMT's ability to produce continued profitable growth and the continued consolidation of the electronic transaction processing industry, 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. The factors that could cause actual results to vary include PMT's ability to retain and expand its field sales force; the ongoing performance of the field sales and telemarketing personnel; the actual production of new accounts by alliance partners; the Company's ability to integrate acquisitions successfully with its processing systems and products and to account for acquisitions as poolings of interests; the availability of attractive acquisition targets; the availability of capital, attrition of merchants from acquired portfolios; and other trends or uncertainties as noted in PMT's periodic filings with the SEC. Contact: PMT Services, Nashville Clay Whitson, 615/743-3800 ext.3200