|
FOR IMMEDIATE RELEASE
EasyGreen Pay Card™ Growth Continues
Significant Growth in New Clients, Cardholders, and Transaction Volume
PONTE VEDRA, Fla., January 28, 2008 -- Electronic Payment & Transfer Corp,
a rapidly growing independent payment processing company, said its EasyGreen Pay Card™ customer base
and transaction volume achieved significant growth in 2007 in response to its unique value proposition
focused on the needs of both employers and employees.
EP&T signed new clients in several markets for the EasyGreen Pay Card™ including
temporary staffing, professional employer organizations (PEOs), payroll software, transportation,
express delivery, automotive, car rental, and entertainment companies.
The company reported an increase of 70 percent in revenue during 2007. In addition, the
company reported an increase of 91 percent in cardholder transactions at ATMs and
an increase of 168 percent in cardholder transactions at the point-of-sale (POS). The significant
growth in transaction volume is a direct result of the convenience, security, and cost savings offered
by the EasyGreen Pay Card™ to employees.
Steve Graham, President and CEO of Electronic Payment & Transfer Corp, said "We appreciate the confidence
and trust placed in our company by many new clients during the past year. We are committed to delivering a robust,
feature-rich paycard solution with enhanced security for clients and cardholders."
About
Electronic Payment & Transfer Corp
Electronic Payment & Transfer Corp is a rapidly growing payment
processing company for financial institutions in the U.S. The
company provides turnkey and private-label ATM/POS transaction
processing, card management, money transfer, and settlement
services. For more information about the company, please visit
www.eptransfer.com.
Certain
statements contained in this press release, including statements
regarding events and financial trends that may affect our future
operating results, financial position and cash flows, may constitute
"forward-looking statements" within the meaning of federal
securities laws. These certain statements are based on our
assumptions and estimates and are subject to risks and
uncertainties. You can identify these forward-looking statements by
the words like "strategy," "expects,"
"plans," "believes," "will,"
"estimates," "intends," "projects,"
"goals," "targets," and other words of similar
meaning. You can also identify them by the fact that they do not
relate strictly to historical trends or current facts. For these
statements, we claim protection of the safe harbor for
forward-looking statements provided by the Private Securities
Litigation Reform Act of 1995.
|