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CARD ESTABLISHMENT SERVICES OFFICIALLY OPENS NEW HEADQUARTERS

 MELVILLE, N.Y., Sept. 9 /PRNewswire/ -- CES -- Card Establishment Services Inc., the second largest payment processor in the country and the recent recipient of the "Credit Card Management" award for Operational Excellence, today officially opened its new world headquarters at 265 Broad Hollow Rd., Melville, N.Y.
 New York State Senator James Lack was the guest of honor at the ceremony, which was held today at the building. CES occupies 93,000 square feet of the facility, nearly 75 percent of the total available space. CES' previous headquarters office was located at 2 Huntington Quadrangle, Melville.
 "I am honored to be here to participate in this celebration," said Senator Lack. "CES is a major contributor to the economy of Long Island. It is extremely important that we retain world-class companies like CES in New York." CES, which employs nearly 400 people at its headquarters, ranks in the top one percentile in terms of employment size out of the approximately 81,000 firms on Long Island.
 "When the management of CES decided that we needed additional space to support our anticipated growth, we looked at a variety of out-of-state sites," said John C. Elliott, CES chairman and chief executive officer. "I am extremely pleased that we are recommitting ourselves to Long Island, which has served us well for over 25 years. We have been able to attract a diverse and talented workforce that has made CES a leader in a very competitive industry."
 "The efforts of LILCO and the New Long Island Partnership played an important role in the company's decision to remain on Long Island," added Elliott, who said that CES will receive financial and energy incentives as part of an economic retention package.
 Previously a part of Citicorp, CES was sold in 1992 to a group of investors led by Welsh, Carson, Anderson & Stowe, the Prudential Company and William Blair and Company. Since that time, the company has increased its Long Island work force by 15 percent. By the end of this year, CES expects that this number will grow to 20 percent, and that this percentage will nearly double by year-end 1994. CES recently completed its first acquisition, that of Harbridge Merchant Services, and announced an intent to form an alliance with Wells Fargo Bank, the second largest bank in California, to provide merchant credit and debit card processing.
 CES provides payment processing for 150,000 businesses and financial institutions nationwide, including Citibank, First Chicago and Republic National Bank of New York, and handles more than 450 million transactions per year. These businesses and financial institutions represent more than 200,000 outlets. CES services include authorization and settlement for credit/debit cards, travel and entertainment cards, proprietary cards and checks. Cardnet, CES' proprietary transaction delivery network, supports toll-free service to over 105,000 terminals and electronic cash registers.
 The new CES headquarters building is owned by Melville Industrial Associates. Real estate consulting firm Julien J. Studley Inc., New York, N.Y., represented CES in the negotiations. The facility was designed by Mancini and Duffy, New York, N.Y., while Syska and Hennesy, New York, N.Y. provided engineering services.
 -0- 9/9/93
 /CONTACT: Julia Moretti of CES -- Card Establishment Services, 516-843-6253/


CO: CES -- Card Establishment Services, Inc. ST: New York IN: FIN SU:

JL-CM -- NE013 -- 0320 09/09/93 12:16 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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