ADP Investor Communication Services Retained By PaineWebber, Incorporated to Provide Proxy Information Services to Clients.EDGEWOOD, N.Y.--(BUSINESS WIRE)--Oct. 6, 1997-- --Agreement Draws on Cost-Saving Technology to Bring Enhanced Communications to PaineWebber Clients-- ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Investor Communication Services, a leading provider of investor relations Investor relations The process by which the corporation communicates with its investors. solutions worldwide, and PaineWebber, Inc., one of the largest securities firms worldwide, jointly announced an agreement that allows PaineWebber to provide its clients access to ADP's increased options for shareowner share·own·er n. See shareholder. Noun 1. shareowner - someone who holds shares of stock in a corporation shareholder, stockholder investor - someone who commits capital in order to gain financial returns communication distribution and voting processes. Over the last few years, ADP Investor Communications Services has rolled out new shareowner communications methods including touch-tone telephone and Internet voting, and proprietary ProxyEdge electronic distribution and voting service. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard Daly, President of ADP Investor Communications Services, "It is our intention to continue to offer technological solutions that lower issuer costs and provide shareowners with more options relative to how they receive corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. and execute their vote. As a result of the increased volumes contributed by PaineWebber we will be able to push further and faster into more technologies." Diane Frimmel, PaineWebber's Executive Vice President and Director of Operations, said, "Our relationship with ADP will make it possible to implement the latest technology on a more cost-effective basis. Access to ADP Investor Communications Services existing technology significantly enhances our service offering to our customers.S Mr. Daly said, "Our next step is to create shareowner preference databases that allow shareowners the option to utilize the Internet to access their proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other . The information will be accumulated by ADP Investor Communications Services and represented to issuers. Issuers can potentially save significant costs by reducing their printing and postage requirements for Annual Reports and other proxy materials." Based in Edgewood, NY, ADP Investors Communications Services, a division of Automatic Data Processing Same as data processing. , Inc. (ADP), provides a wide range of shareowner products designed to enable public companies to communicate more effectively with their shareholders. ADP brings institutions advanced, integrated solutions for securities processing, market information and investor communications services. As a leading outsourcing vendor, ADP is leveraging its position in these core businesses to provide cost-effective, reliable systems that are backed by world class customer service. Automatic Data Processing, Inc. (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), with over $4 billion in annual revenues and more than 400,000 clients, is one of the largest independent computing services firms in the world. PaineWebber Group, Inc., together with its subsidiaries, serves the investment and capital needs of a worldwide client base. The firm employs 16,105 people in 298 offices. CONTACT: ADP Bruce Barnett, 212/908-8303 |
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