CSI to Buy Back 283,000 Shares At $30 Per Share in Redemption Offer.Business Editors PADUCAH, Ky.--(BUSINESS WIRE)--Dec. 22, 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 would redeem at $30 per share all of the approximately 283,000 shares of its common stock properly tendered by shareholders pursuant to CSI's just completed redemption offer. The offer was announced on November 3 and was originally for 166,666 shares. "The redemption offer of $30 per share was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. by about 70% and our Board of Directors elected to extend the offer to cover all tendered shares," 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. "We wanted to accommodate all stockholders at this time and to highlight our belief that CSI's stock represents a solid investment at $30 per share." The redemption offer closed effective December 18, 2000. The cash proceeds of the redemption will be payable to shareholders in January 2001. About Computer Services, Inc. CSI 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 700 banks in 20 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, Account Reconciliation, Platform for new accounts, and Balancer to streamline internal balancing. CSI also provides a complete line of Imaging and 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." 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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