CSI Increases Cash Dividend by 18.75%.Business Editors PADUCAH, Ky.--(BUSINESS WIRE)--June 16, 2000 Computer Services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. , Inc. (Stock Symbol:CSVI) announced today that it increased its quarterly cash dividend to $0.19 per share from $0.16 per share, representing an 18.75% increase in the quarterly cash dividend. The cash dividend is payable on June 30, 2000 to shareholders of record as of the close of business on June 16, 2000. "The increase in the quarterly cash dividend is part of our strategy to build shareholder value," stated CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International President & 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. Steven A. Powless. "The increase reflects our improved earnings opportunities and the strong cash flow generated from CSI's operations. "We remain very positive about the future for CSI. We posted record profits in fiscal 2000 and we expect to report record revenues and profits for the first fiscal quarter ended May 31, 2000. Our growth strategy remains focused on building our core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
About Computer Services, Inc. CSI, one of the nation's largest bank processors, provides data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a services to nearly 350 banks in 13 states. Products range from core banking products with the best general accounting services in the industry, to the CSI Passport(TM) family of products including Desktop for account inquiries and maintenance, Teller, Platform for new accounts, and Balancer to streamline internal balancing. CSI also provides a complete line of EFT services. The company's dedication to the rapidly growing Internet market is reflected not only in secure Internet access See how to access the Internet. and Internet Banking, but also in CSIweb@work(TM) CSI's new Intranet product that is revolutionizing internal communications  This article's grammar usage needs improvement. Please edit this article in accordance with Wikipedia's . in banks as well as other
businesses.
For more information on CSI visit our web site at www.csiweb.com All statements except historical statements contained herein constitute "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. ." These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside of CSI's control, which may cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, economic, competitive, technological and governmental factors affecting the Company's operations, markets, services, products, prices and other factors. |
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