COMDATA ANNOUNCES AGREEMENT TO ACQUIRE TRENDAR CORPORATION.BRENTWOOD Brentwood, city and district, England Brentwood, city (1991 pop. 51,212) and district, Essex, SE England. Brentwood is mainly residential but produces some agricultural equipment, film, and prefabricated concrete. , Tenn.--March 7, 1995--(BUSINESS WIRE)--Comdata Holdings Corporation today announced that its wholly-owned subsidiary, Comdata Network, Inc., has acquired all the outstanding stock of Nashville-based Trendar Corporation. Trendar, through its universal point-of-sale device in approximately 1,300 truck stops nationwide and a proprietary communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. , provides highly efficient transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. for fuel purchase, cash advance, and other transportation services. Trendar also facilitates direct billing direct billing Managed care The submission of bills for services rendered–eg lab work directly to the party–ie Pt or financially responsible third party–insurance company, for whom the service was performed, rather than to the physician who ordered the test services for truck stops and trucking companies. "Truck stop owners and operators want to increase automation and productivity, both at the fuel desk and in the back office," said George L. McTavish, Comdata's Chairman and Chief Executive Officer. "By combining our resources with Trendar's, which has an outstanding industry reputation, we will significantly improve our ability to address their needs. With Trendar, we can also offer trucking companies superior delivery platforms for funded and unfunded transactions." "Comdata's financial strength combined with Trendar's technology will bring exciting new functionality to Trendar customers," said Ernest Betancourt, Chairman and Chief Executive Officer of Trendar. "I see opportunities to produce and deliver a wider range of products and services to the fuel desk, provide enhanced capabilities, and ensure greater security for truck stops. This acquisition will help the transportation industry keep pace with automation, significantly increasing their ability to lower costs and increase effectiveness." Comdata is a leading provider of transaction processing services to the trucking and gaming markets. Comdata serves the transportation industry by assisting trucking companies and truck stops with data-intensive operations, such as funds transfer, fuel purchase, and permits. Cash advance services from Comdata are available at most gaming locations nationwide. Comdata Holdings Corporation common stock trades on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol CMDT CMDT Commandant CMDT Current Medical Diagnosis & Treatment CMDT Compagnie Malienne pour le Developpement des Textiles (Mali) . CONTACT: Dennis R. Hanson Kristin M. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic Chief Financial Officer Ludgate Communications (615) 370-7782 (212) 688-7647 |
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