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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: William Partmann who wrote (2732)	11/6/1998 12:13:00 AM
From: Freeflight	Respond to of 4722

dream team with HP? 204.134.221.30:8898/ows-bin/owa/im_pak.imdecode?link=1580

To: William Partmann who wrote (2732)	11/9/1998 8:55:00 AM
From: William Partmann	Read Replies (1) \| Respond to of 4722

VeriFone Awarded Seven Year Contract to Install and Service up to 50,000 of its Point of Sale Terminals SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 9, 1998-- In one of the largest rollouts of point of sale (POS) equipment accepting electronic benefits transfer (EBT) payment, VeriFone, Inc. and Lockheed Martin IMS have announced the signing of a seven year service contract whereby VeriFone will install and maintain up to 50,000 of their POS systems in 15 states. The deployment will not only help merchants today, but also prepare them for the next wave of electronic benefits requirements. The contract also further extends VeriFone's leadership position beyond technology to include providing on-site installation and maintenance services. As the dominant platform for EBT, approximately 100,000 VeriFone point of sale solutions have been deployed nationwide specifically to help merchants accept EBT payment. ''At Lockheed Martin IMS, our goal is to provide the best possible service to tens of thousands of clients who regularly use electronic benefit cards,'' said Naomi Marr, vice president and chief operating officer of Lockheed Martin IMS' Children and Family Services division. ''Through our agreement, we are tapping into VeriFone's experience in delivering and implementing electronic payment solutions and services to manage the roll out and on-going maintenance of this program. The alliance with VeriFone helps us provide the most effective services.'' ''This project with Lockheed Martin IMS is continued proof of VeriFone's commitment to delivering quality products and services to the point-of-sale marketplace and further reinforces our leadership in this area,'' said Robin Abrams, CEO of VeriFone. ''VeriFone Support Services has invested a considerable amount of time and effort with Lockheed Martin IMS in establishing what is the largest service contract signed in the history of our organization.'' The VeriFone/Lockheed Martin IMS contract outlines installation, training and a maintenance service program to be carried out by VeriFone Support Services, a business unit of VeriFone. Over the next 18 months, VeriFone will install systems consisting of the Tranz 330 and Tranz 340 terminals, Printer 250 and the Pin Pad 101 security device in retail locations accepting paper-based EBT coupons. VeriFone Support Services VeriFone Support Services provides comprehensive support solutions to the point of sale marketplace including equipment deployment, on site installation and service, staff training, help desk assistance and maintenance. VeriFone VeriFone, a wholly owned subsidiary of Hewlett-Packard Company [NYSE:HWP - news], is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than six million electronic payment systems which are used in over 100 countries. Lockheed Martin IMS Lockheed Martin IMS, a subsidiary of global technology leader Lockheed Martin Corp. [NYSE:LMT - news], is a nationally recognized leader in administering human service programs such as child support enforcement, welfare-to-work and EBT services to state and local governments. The company provides systems integration, program management and data processing to state and local governments and is involved in EBT projects in more than 20 states, plus the District of Columbia. VeriFone, the VeriFone logo, Tranz 330, Tranz 340, Printer 250, Pin Pad 101 are either trademarks or registered trademarks of VeriFone, Inc. in the United States and/or other countries. All other company names, brands or products may be trademarks or registered trademarks of their respective owners.