American Merchant Data Services, Inc. Initiates First Day of Trading; Positions Company to Capture Minority Interest of $200 Billion Industry.Business Editors MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Aug. 13, 2003 American Merchant Data Services, Inc. (OTC-PK: AMDS AMDS Alaska Mining & Diving Supply, Inc. AMDS Aerospace Medicine Squadron AMDS Advanced Monitoring Display System AMDS Almost Maximum-Distance Separable AMDS Association of Military Dental Surgeons AMDS Amplitude Modulated Data Service ) is pleased to announce the companies first day of trading as a public security. Through going public and trading in the open market, AMDS is now positioned to begin acquisitions and capture a minority interest in the $200 Billion credit card and check processing industry. Bert Adcock, President of AMDS stated, "This is a great turning point for our company and our shareholders." Mr. Adcock further stated, "We will use our financial leverage, model of recurring income and current debt free standing for continued growth and acquisitions. We anticipate being cash flow positive by 2004." About American Merchant Data Services Inc.: American Merchant Data Service (AMDS) is a "value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. " independent sales organization This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (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. ) engaged in the commercial electronic processing industry. AMDS manages their client's electronic transactions, including debit, credit, check verification, and electronic benefits transactions (EBT EBT See: Earnings Before Taxes ). AMDS, through its platform provider First Data, the largest credit card processor in the world, handles on a real-time basis their merchant's transactions, accounting, charge backs, and assistance with customer service, allowing AMDS to maintain low overheads and high margins, and focus on expanding its growing customer base. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by American Merchant Data Services Inc. (AMDS) may differ materially from these statements due to a number of factors. AMDS assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. |
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