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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?

To: Bron-y-aur who wrote (1731)	12/18/1998 7:52:00 AM
From: Filip Jakobs	Read Replies (1) \| Respond to of 3721

(Full text of press release from Canada NewsWire) IVI Checkmate Announces Check Reader Order from LaSalle Bank Group IVI Checkmate is supplying 12 of the top 30 financial institutions in the U.S. with branch automation solutions ATLANTA, Georgia/TORONTO, Canada, Dec. 18 /CNW/ - IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) today announced an order for its eN-Check 430 check reader from Chicago-based LaSalle Bank Group (LaSalle''). LaSalle, a subsidiary of ABN AMRO <AAH.AS> Bank N.V., is installing the eN-Check 430 as part of its branch-wide implementation of a state-of-the-art teller system. The eN-Check 430 is a key component in LaSalle's effort to improve customer service through automated accurate check reading and check fraud deterrence. LaSalle is the tenth financial institution this year to implement IVI Checkmate products in their bank branches. Maureen Murphy, First Vice President & Manager, of LaSalle's Retail Bank Group, commented, The acceptance of the eN-Check 430 by our tellers has been nothing short of outstanding. We have exceeded our productivity goals for improved check acceptance by a wide margin. The MICR reading accuracy and hand back/hold away' features of the eN-Check 430 have contributed to our tellers ability to service more customers in a shorter time period.'' Greg Lewis, President and CEO of IVI Checkmate's U.S. Operations, said, Banks are increasingly looking towards technology to improve customer service and reduce operating costs. LaSalle and many other banks have found immense value in the eN-Check 430's superior reliability, outstanding read accuracy and industry leading fraud detection capabilities.'' The LaSalle Bank Group, which consists of LaSalle Bank FSB, LaSalle Bank N.A., and LaSalle National Bank, are subsidiaries of ABN AMRO Bank N.V., the 8th largest bank (by Tier 1 capital) in the world, with approximately $490 billion in assets and more than 1900 locations in 71 countries around the globe. ABN AMRO's holdings in North America also include EAB, a commercial and retail banking subsidiary servicing the New York Metropolitan area, and Troy, Michigan-based Standard Federal Bank, which provides retail, mortgage and commercial banking services throughout Michigan. IVI Checkmate is 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 serving the retail, financial, hospitality, banking, healthcare and transportation industries. With offices in the U.S. and Canada as well as established strategic alliances and worldwide partnerships, IVI Checkmate is well positioned to deliver leading products and global technologies to our customers. 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 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/