Accesspoint Continues to Enjoy Increased Revenues and Business Growth.Business Editors/High-Tech Writers IRVINE, Calif.--(BUSINESS WIRE)--March 13, 2001 Accesspoint Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASAP (chat) asap - As soon as possible. ) announced today that the company is achieving marked success in its' drive toward anticipated profitability in 2001. The company has experienced a 47% increase in revenues between December 2000 and January 2001, and the first two months of 2001 have seen a 37% jump over the same period last year. Particularly noteworthy is the fact that the company continues to grow and exceed projections at a time when many of the company's competitors have been announcing lower than predicted revenues and closures. This increase in revenues is attributable to both the development of a strong sales group and distribution channel as well as the introduction of revolutionary sales automation Sales Automation - Sales Force Automation , business management and delivery systems. Together these have produced internal efficiencies and the ability to begin capturing a more significant market share in a short period of time as the technological leader of the electronic payment industry. "The company has been working hard to reduce overhead and increase revenues over the last six months and the success we are seeing today is due to the exceptional efforts by our teams in developing some of the transaction industry's best banking relationships, merchant processing programs and business management systems. For the first time, a company like Accesspoint is able to bring the efficiencies of the Internet and digital technologies to the processing industry," says Tom M. Djokovich, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Accesspoint. In January Accesspoint announced that it had reduced overall costs for service and operations by more than 40% since August 2000. The company has continued to develop new programs and services designed to increase efficiencies and better service the merchant processing industry. "Accesspoint has created a sustainable competitive advantage in the fast growing market for better, faster and less expensive payment methods and we intend to work hard at capturing as much of the trillion dollar payment service industry as we can," added Djokovich. About Accesspoint Accesspoint has been serving thousands of merchants nationwide since 1995 and has combined its mature Application Services See ASP and Web services. technology platform with its unique relationships with Equifax Corp., Chase Merchant Services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and First National Bank of Omaha to provide bundled payment acceptance and business management services. These programs provide customers with multiple payment acceptance capabilities including credit card and check transaction, a fully operational e-commerce and business management Web site, and a central Web-based management system for servicing both the brick-and-mortar and Web-based sides to each business. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding Accesspoint's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital until the company can fund itself directly from operations, its ability to expand its ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. network and its ability to attract additional customers. The forward-looking statements contained in this news release speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" and Accesspoint disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Accesspoint's expectations or future events. |
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