NTRN:
This is a fully reporting NASDAQ company that has drawn some attention due to a news release expected next week. The float is small and the last three days has shown minimal trading,but all buys and the stock has responded accordingly. Started a thread some time ago after speaking to the company and receiving the investor package. There are up to date posts about the latest occurances. Might want to review the recent trading logs to see the positive movement.
Good Trading,
Jimbo
Last Press release mentioning NTRN's position and pending acquistion for your review:
(PR NEWSWIRE) DJ: (CNW) National Transaction Network Announces Executive M
DJ: (CNW) National Transaction Network Announces Executive Management
Appointments
Appointments position IVI Checkmate as a leader
in retail payment applications
ROSWELL, Georgia/TORONTO, Aug. 27 /CNW/ - 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
e(N) to e(N) 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 e(N)-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 e(N)-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 e(N)-to-e(N) 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.
This press release contains forward-looking statements subject to the safe
harbor created by the Private Securities Litigation Reform Act of 1995.
Management cautions that these statements represent projections and
estimates of future performance and involve certain risks and uncertainties.
The Company's actual results could differ materially from those anticipated
in these forward-looking statements as a result of certain factors
including, without limitation, the Company's heavy reliance on check readers
in its product mix; the Company's dependence on its limited suppliers and
manufacturers of component parts of its products; rapid and significant
technological developments that could delay the introduction of improvements
in existing products or of new products; the Company's dependence on its
proprietary technologies (which may be independently developed by
competitors); the Company's dependence on a small number of large retail
customers; the potential fluctuation in financial results as a result of the
Company's inability to make sales to large customers as well as the volume
and timing of bookings received during a quarter and variations in sales
mix; competition from existing companies as well as new market entrants;
and, the Company's dependence on key personnel.
/For further information: L. Barry Thomson, President & CEO, IVI Checkmate
Corp., (416) 245-6700; John J. Neubert, CFO/Executive Vice President, IVI
Checkmate Corp., (770) 594-6000/
07:04 ET
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