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CompuCredit Announces Credit Card Operations Facility Expansion.


Business Editors

July 8, 2002

Additional Capacity is Dedicated to Absorbing Providian Portfolio

CompuCredit Corporation (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
: CCRT CCRT Core Conflictual Relationship Theme
CCRT Conseil Canadien de la Réadaptation et du Travail (Canadian Council on Rehabilitation and Work)
CCRT Cape Cod Rail Trail (Massachusetts, USA) 
) today announced that it had completed the expansion of its Wilkesboro, North Carolina Wilkesboro is a town in Wilkes County, North Carolina, United States. The population was 3,159 at the 2000 census. It is the county seat of Wilkes CountyGR6.  credit card operations facility.

The company added office space of approximately 11,000 square feet, bringing the center's total square footage to approximately 32,000 square feet. The additional space is necessary to accommodate the Company's recent growth due to portfolio acquisitions, and enables the facility to house in excess of 300 employees.

"The expansion of the Wilkesboro facility is a key component of our comprehensive plan to service the portfolio recently acquired from Providian, and we are very pleased that it has been completed on time and within budget," said Rick Gilbert, Vice Chairman and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of CompuCredit.

CompuCredit Corporation is a credit card company that uses analytical techniques An analytical technique is a method that is used to determine the concentration of a chemical compound or chemical element. There are a wide variety of techniques used for analysis, from simple weighing (gravimetric) to titrations (titrimetric)to very advanced techniques using , including sophisticated computer models, to market general-purpose credit cards and related fee-based products and services. Through its Aspire(R) brand and others, the company currently serves over 2 million customers nationwide. Credit cards marketed by CompuCredit are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. For more information about CompuCredit, visit www.compucredit.com.
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Publication:Business Wire
Date:Jul 8, 2002
Words:200
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