Printer Friendly
The Free Library
14,558,173 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Clancy Systems International, Inc. Signs New Clients.


Business Editors

DENVER--(BUSINESS WIRE)--Feb. 12, 2003

Clancy Systems International, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CLSI CLSI Clinical and Laboratory Standards Institute (Wayne, PA)
CLSI Cisco Link Services Interface
) adds new clients to its parking programs. Mountain Village, CO, has signed a contract with Clancy for a complete parking citation Citation

(foaled 1945) U.S. Thoroughbred racehorse. In four seasons he won 32 of 45 races, finished second in ten, and third in two. He won the 1948 Triple Crown, and became the first horse to win $1 million. He set a world record in 1950 by running a mile in 1:33 3/5.
 issuance and processing system. The city is excited to offer Clancy's Remit-online.com payment services for its citizens and visitors as a convenience.

Loudoun County, VA, has installed a complete ticket issuance program for its jurisdiction in the Leesburg and Sterling Virginia Virginia, state, United States
Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE).
 areas. The program streamlines its operations and increases the ability to generate revenues for the county.

In the past few weeks, Clancy has introduced a new program to its clients. The company is offering services to scan parking tickets for its clients with its high-speed scanning equipment. The program totally eliminates key punch A key punch is a device for entering data into punched cards by precisely punching holes at locations designated by the keys struck by the operator. Early keypunches were manual devices.  processes for cities that use this service. Arlington County, VA, was the first client to take advantage of the program and other clients are eager to add this program to their services.

In an agreement between California Municipal Technologies, Inc (CMTI CMTI Clean Manufacturing Technology Institute
CMTI Central Machine Tools Institute (Bangalore, India) 
), a company that Clancy has had a long-term relationship with, and Clancy's retired Chairman of the Board, Robert M. Brodbeck, CMTI has acquired 26,510,000 of Brodbeck's shares. Under the terms of the purchase agreement, all SEC restrictions and rule 144 regulations apply to the transfer. In addition, Brodbeck has agreed to refrain from selling any of the remainder of his shares for a period of one year.

"In my opinion, the transfer of stock from Brodbeck to CMTI should have a positive effect on shareholder value. The pressure of the regular sales (Stock Exchange) sales of stock deliverable on the day after the transaction.

See also: Regular
 by Brodbeck over the past few years has had a negative effect on share price. CMTI's interest in Clancy is welcome and presents a positive endorsement of Clancy. We are interest in working with CMTI to further our mutual business opportunities," said Stanley Wolfson, Clancy's president.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Feb 12, 2003
Words:311
Previous Article:Genesis Energy Announces Release of Earnings and Conference Call.
Next Article:ADVISORY/Nobel Laureates, Public Policy Leaders and CEOs from the World's Leading Companies Headline 6th Annual Milken Institute Global Conference,...
Topics:



Related Articles
SC NOTEBOOK: WHERE DID IT ALL GO WRONG?(Sports)
SC NOTEBOOK: SHOOTING GUARD OPTS FOR TROJANS CLANCY MIGHT RETURN AGAINST STANFORD.(Sports)
CLANCY'S EYES ON NBA.(Sports)
SC NOTEBOOK: CLANCY WILL STAY AT USC.(Sports)
BIBBY HAS HIS MIND ON FUTURE.(SPORTS)
PAC-10 PROBES USC; RECRUIT ALLEGEDLY ACCEPTED MONEY.(SPORTS)
NO EVIDENCE VS. USC.(SPORTS)
USC RECRUIT INTERVIEWED BY PAC-10.(SPORTS)
USC BASKETBALL: USC CLEARED BY PACIFIC-10 IN CLANCY CASE.(SPORTS)
USC SIGNS 3 FORWARDS, A GUARD.(SPORTS)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles