Behlen Mfg. Co. Selects nFinanSe to Deliver Pay Card Program.TAMPA, Fla. -- nFinanSe Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NFSE), today announced that Behlen Mfg. Co, a $200 million global steel manufacturer located in Columbus, Nebraska Columbus is a city in Platte County, Nebraska, 90 miles (148 km) west by north of Omaha on the Loup River, a short distance above the confluence with the Platte. In 1900, 3,522 people lived in Columbus, Nebraska; in 1910, 5,014; and in 1940, 7,632. that exports to more than 70 countries, has signed an agreement with nFinanSe whereby nFinanSe will provide pay cards to Behlen Mfg. Co. employees nationwide. Behlen Mfg. Co. plans to offer the nFinanSe Pay Card as an alternative to traditional paper checks, thereby providing their employees with the cost savings, convenience, flexibility and security of a card-based program. The new program, which is scheduled to commence in the Spring of 2008, will offer Behlen Mfg. Co. employees the option of having their payroll electronically deposited onto an nFinanSe Pay Card. Participating Behlen Mfg. Co. employees will receive an nFinanSe Discover[R] Network Pay Card which can be used to make purchases at millions of merchant locations nationwide and to access cash at ATMs nationwide displaying the Discover[R] Network, PULSE[R] or STAR[R] Network logo. 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. Jerry Uffner, Senior Vice President of Sales for nFinanSe, "In addition to the traditional features of a pay card, Behlen Mfg. Co. employees will also enjoy an exclusive suite of features and benefits through nFinanSe which are not typically offered to cardholders participating in other pay card programs. Specifically, on pay day, Behlen Mfg. Co. employees will receive summary paystub messages to their cell phone and/or email addresses with gross pay, deductions, hours and net pay information. Additionally, after making a purchase or transaction with their nFinanSe Pay Card, employees will receive a message to their cell phone and/or email address alerting them of both the amount of the transaction and the remaining balance on their pay card. Finally, our newest feature enables employees to consolidate all of their income sources onto their pay card via the nFinanSe Network[TM]. Behlen Mfg. Co. employees can go to any nFinanSe Network[TM] location and load funds from a second paycheck issued by a different employer or cash from other activities to their pay card." With the nFinanSe Discover[R] Network Pay Card, Behlen Mfg. Co. will reduce or eliminate administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. typically associated with the issuing and distribution of paper paychecks, while simultaneously increasing employee direct deposit participation. Additionally, all employees will have access to "nFinanSe U", a bilingual educational website using 30 second video clips created to explain the features and benefits of a pay card and how to use a pay card. "Finally, as with all of our cardholders, Behlen Mfg. Co. employees will have access to our 'Free...of course!' Customer Service 24 hours a day, 7 days a week, in English or Spanish, to answer any questions they may have in real-time regarding their pay card," concluded Mr. Uffner. About nFinanSe Inc. nFinanSe Inc. is an innovative financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company and provider of stored value and prepaid card solutions headquartered in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. . nFinanSe has developed the nFinanSe Network, a secure, reliable, point of sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) and PC-based software platform that connects retail merchants with multiple stored value prepaid card processors and issuing banks. nFinanSe owns and operates the nFinanSe Network as a standardized, national network of stored value and prepaid card cash load stations located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . About Behlen Mfg. Co. Behlen Mfg. Co., founded in 1936, has grown from the initial products developed in the garage of Columbus entrepreneur Walter D. Behlen to a global manufacturer exporting to more than 70 countries. Today the company consists of three diverse business units, including the Building Group (Behlen and Inland Buildings), Behlen Country (the nation's leading manufacturer of livestock equipment), International and Diversified Products (grain systems, strip joining presses, and custom fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. ). With a fleet of more than 100 owner operators with BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. Transportation, the company's own transportation company, Behlen product is delivered throughout the U.S. and Canada. Additional U.S. locations include Baker City, Oregon Baker City is a city and the county seat of Baker County, Oregon. This city was named after its county. The population was 9,860 at the 2000 census. The 2006 estimate is 10,035 residents. , Huntingdon, Tennessee Huntingdon is a town in Carroll County, Tennessee, United States. The population was 4,349 at the 2000 census. It is the county seat of Carroll CountyGR6. Geography Huntingdon is located at (36. , and Cullman, Alabama. After exporting buildings to China for 20 years, Behlen established a joint venture with long-term Chinese partners. In 2002, Behlen China initiated operations in NW Beijing that manufacture building products for the Chinese market. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under 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 This press release contains certain forward-looking statements based on the Company's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company's products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 30, 2006 on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. |
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