Corporate Profile for Mag-Tek Inc., dated April 26, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published date: April 26, 1996 Company name: Mag-Tek Inc.
Address: 20725 S. Annalee Ave.
Carson, Calif. 90746
Telephone No.: 310/631-8602 Chief Executive Officer: Thomas C. McGeary Chief Financial Officer: Louis E. Struett Public Relations Contact: Gayle LeDoux Business number: 415/638-3400 URL/e-mail Address: http://www.magtek.com Company description: With headquarters in Carson, Calif., Mag-Tek Inc. (http://www.magtek.com) is the leading provider of card technology solutions and has been since 1972. Since its founding, Mag-Tek has been able to finance its growth out of operating revenues. Mag-Tek designs, develops and markets technology for magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. encoding and decoding. The technology is used in a number of applications in many different industries, including: credit cards; airplane-based cellular phones activated by credit cards; ATM bank cards; ID badges; electronic benefits transfer health-care cards; check readers; and airline tickets. Mag-Tek sees significant expansion in the existing markets for magnetic-card technology, and is also exploring new markets for both magnetic cards and smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , based on embedded integrated circuits. Mag-Tek's products are distributed to more than 40 countries worldwide. Mag-Tek is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with more than 150 employees. The company's executive team is headed by Thomas McGeary, the president and founder of Mag-Tek. CONTACT: Mag-Tek Inc., Carson |
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