CompuCredit Selected for Nasdaq Financial 100 Index.Business Editors ATLANTA--(BUSINESS WIRE)--May 16, 2000 Effective May 11, 2000, CompuCredit Corporation (Nasdaq: 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) ) has been selected for inclusion in the Nasdaq Financial-100 Index (FIN-100). The Nasdaq Financial-100 Index consists of 100 of the largest financial companies listed on the Nasdaq National Market tier of the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . "It is a distinct honor for CompuCredit to achieve this important designation after less than 13 months as a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. ," said David Hanna, President and Chief Executive Officer of CompuCredit. "We believe the recognition our company has received for inclusion in the Nasdaq Financial-100 Index is further validation by the financial markets of our marketing prowess, commitment to sound fundamentals and strong bottom-line financials. Our unique combination of proprietary technology, superior levels of customer satisfaction and sound, results-driven portfolio management have produced excellent results for our shareowners and customers. We are pleased to join such a distinguished group of financial companies in this Index." In order to be eligible for inclusion in the FIN-100 Index, a company generally must meet certain criteria, including listing on the Nasdaq Stock Market for a period of two years. CompuCredit completed its initial public offering and began trading on the Nasdaq National Market in April 1999, less than 13 months ago. With a market cap of approximately $1.5 billion as of May 11, 2000, CompuCredit ranks in the top 25% of institutions included in the Index by market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , thus allowing the company to be included after one year on the Nasdaq Stock Market. 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 identify consumers who it believes are credit-worthy and are overlooked by more traditional consumer credit providers. CompuCredit markets unsecured Aspire(R) Visa(R) credit cards through direct mail, telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. and the Internet. In July 1999, CompuCredit launched its consumer web site, www.aspirecard.com, through its Internet marketing See Internet advertising. services subsidiary AspireCard.com, Inc. Consumers can apply online and receive a credit decision within seconds. CompuCredit also markets life insurance, card registration, buying club memberships and travel services to its cardholders. Aspire Visa cards are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. CompuCredit completed its initial public offering in April of 1999 and was included in the Russell 2000(R) Index in July 1999. Any statements in this press release concerning our operations, prospects, strategies, and financial condition or performance that are not statements of historical fact and any other statements in this press release concerning our plans, beliefs or expectations are 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. within the meaning of the federal securities laws and are intended to have the benefit of the federal safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements. These forward-looking statements are subject to various assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those that are currently planned or expected. These factors include the risks set forth under the caption "Risk Factors" in CompuCredit's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999, on file with the Securities and Exchange Commission. Moreover, as a consequence of those or other factors, CompuCredit's plans or expectations may change. CompuCredit undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. |
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