sultan/frank/anyone else out there is who is not too shell shocked to keep up with the threads:
volume was high. dont have trade details in front of me, but i understand that was mainly blocks crossed within brokerages at octagon capital and gundy.
fund manager selling? who knows. called ivi and they werent aware.
latest price is right around book value. with fundamentals in place for solid financial performance, a promotional show set for sept, an upcoming us analyst rec etc.
ivi has been in the shitter before - imo, this is the last time once the new company gets its story and a couple of solid quarters reflecting benefits of merger. with earnings estimates of around .55 $C for current year/ .75 next yr coupled with positive industry growth rate - well ... i am probably preaching to the converted here.
a wild card is possible with upside surprises through new client/sales via plourde installed customer base and the reseller agreement announced with a US firm (name escapes me) announced a couple of months ago.
Anyways enough BLAH BLAH BLAH..
In case anyone missed this from today:
National Transaction Network Announces Executive Management Appointments
Appointment position IVI Checkmate as a leader in retail payment applications
For Immediate Release August 27, 1998
[Roswell, Georgia/Toronto, Canada] - IVI Checkmate Corp. (NASDAQ-NMS: CMIV; TSE:
IVC) today announced the appointments of Gregory A. Lewis to the position of President and
COO and John J. Neubert to the position of Executive Vice President and CFO of National
Transaction Network (NTN).
NTN's Board of Directors appointed Gregory A. Lewis to the position of President and Chief
Operating Officer. Greg also serves as the President and CEO of IVI Checkmate Inc. John J.
Neubert was appointed to the position of Executive Vice President and Chief Financial Officer of
NTN. John serves as Executive Vice President and Chief Financial Officer for IVI Checkmate
Corp. and IVI Checkmate Inc. Barry Thomson, President and Chief Executive Officer of IVI
Checkmate Corp., who previously served as President, continues as Chairman of the Board and
CEO of NTN.
Barry Thomson states, "These appointments and the pending acquisition of Plourde Computer
Services Inc. announced recently, align the operations and strategic direction of IVI Checkmate and
NTN so that we can provide total eN to eN payment solutions to the retail industry. NTN gains
immense benefit through the acquisition of IVI Checkmate's payments technology including a host
MICR data parser, signature capture software, signature retrieval software, and payment terminal
applications for the consumer activated
eN-Touch 1000 Customer Terminal." Thomson added, " IVI Checkmate gains access to NTN's
outstanding suite of in-store payment applications and MainSail, NTN's server based transaction
switch and enterprise application services. Total Retail Systems and NTN together with Plourde
positions IVI Checkmate to provide the best integrated, LAN based, and stand-beside payment
solutions in the marketplace."
NTN and Plourde have an installed base of 8,800 stores making IVI Checkmate a market leader of
in-store payment systems and a leading supplier of integrated payment solutions to IBM and NCR
POS users. Their customers include the leading retailers such as Safeway, Kmart, Albertson's,
HEB, and many others.
Greg Lewis, President and COO of NTN states, "The announced acquisition of Plourde and the
NTN executive management appointments position IVI Checkmate to provide the most versatile
payment solution offerings available. Coupled with IVI Checkmate's integration abilities, we will be
able to provide payment solutions that are seamlessly integrated into a retailer's legacy store systems
utilizing Windows/NT as a base or integrated as part of a Value Added Reseller enterprise-wide
solutions." Lewis adds, "Using products such as the consumer activated eN-Touch 1000 terminal, it
is our vision to provide value-added solutions that enable retailers to better serve consumers by
maximizing their payment choices, providing faster checkout service and improving consumer
intimacy through interactive promotion, advertising, loyalty and other value-added applications."
International Verifact Inc. of Toronto, Canada, and Checkmate Electronics, Inc. of Roswell,
Georgia, merged to form IVI Checkmate Corp., the third largest electronic payment solutions
provider in North America. IVI Checkmate is a full-service solutions provider in the U.S., Canada,
and Latin America. IVI Checkmate serves the retail, financial, and hospitality industries.
National Transaction Network (Pink Sheet of NASDAQ-NTRN), a subsidiary of IVI Checkmate
Corp., delivers complete eN-to-eN payment systems for retailers as part of its mission of "reducing
the cost of payments and transactions." These solutions include the PINnacle electronic payment
system and MainSail, a retail host transaction management solution. NTN delivers complete
turnkey systems including hardware, software, integration, implementation, and support services. |
