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Greenway Corporation: Over 100 Bank Customers Signed.


AUSTIN, Texas--(BUSINESS WIRE)--Feb. 16, 1998--

Strong fourth quarter helps company reach

and exceed sales milestone

Greenway Corporation announced today at the Independent Bankers Association of Texas (IBAT IBAT Independent Bankers Association of Texas
IBAT interscapular brown adipose tissue
IBAT Ileal Bile Acid Transporter
IBAT Institute of Business and Technology (Ireland)
IBAT Intestinal Bile Acid Transporter
) Expo '98, the recent signing of its 100th customer for the company's Windows NT-based PrimeImage(TM) check imaging software. A strong fourth quarter, in which Greenway sold 13 systems, helped the company to reach this important milestone, and continued efforts have taken the company past this historic sales landmark.

Tee Green, director of sales and marketing for Greenway Corporation, said, "Obviously, we are pleased at how well our PrimeImage solution is being received in the marketplace. Reaching a landmark of 100 customers in just two years, we feel that this makes a statement about check imaging and the benefits being experienced by the financial institutions using it.

"Many experts are on our side touting touting

the making of personal representations by a veterinarian to persons who are not clients in an attempt to solicit their business.
 check imaging, its cost savings and marketing applications," continued Green. "They mention these benefits but claim that smaller financial institutions will have to outsource. We believe that Greenway's success takes a different survey of the community banking landscape and reveals check imaging as a viable option for even the smallest financial institution, including de novos [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided. ."

Green concluded, "As a second generation check imaging solution, PrimeImage is not only an accepted technology, it is replacing first generation check imaging systems from other vendors."

Dick Kilby, President of Merchants and Planters Planters is an American snack food company under Kraft Foods manufacturing, best known for its nuts and the Mr. Peanut icon that symbolizes them.

Started by Italian immigrants Amedeo Obici and Mario Peruzzi in Wilkes-Barre, Pennsylvania, in 1906, it was incorporated in 1908
 Bank of Raymond, Mississippi Raymond is a city in Hinds County, Mississippi, United States. As of the 2000 census, the city population was 1,664. Raymond is one of the two county seats of Hinds County (along with Jackson) and is the home of the main campus of Hinds Community College.  said of the $42 million financial institution's decision to purchase Greenway's check imaging solution, "For a bank of our size it was obviously a difficult decision. We did our due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , however, weighing all the pro's and con's and came to the conclusion that check imaging is clearly the tool of the future. We are a 92-year old bank that has chosen to stay somewhat small and focused on a very specific market. With larger financial institutions catering to our customers, however, we feel that if we do not offer our customers the benefits of more technology, we will face the inevitable loss of customers.

"Our customers will benefit from additional services such as nearly instantaneous in·stan·ta·ne·ous  
adj.
1. Occurring or completed without perceptible delay: Relief was instantaneous.

2.
 check searches and the quicker, cleaner statements produced by a digitized system. Our commercial customers will find year-end reporting much easier with an entire year's transactions on one CD-ROM CD-ROM: see compact disc.
CD-ROM
 in full compact disc read-only memory

Type of computer storage medium that is read optically (e.g., by a laser).
. The bank will also find benefits, as it will be able to redirect re·di·rect  
tr.v. re·di·rect·ed, re·di·rect·ing, re·di·rects
To change the direction or course of.

n.
A redirect examination.



re
 personnel away from older systems to more customer service functions.

"Basically, service is the name of the game. When all is said and done, we hope to be a little bank that offers as much 'good' service as any bank can and do it from a very small footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor.

1.
," concluded Kilby.

Of these 100-plus signings, Greenway has successfully installed full Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking.  and image POD systems in 92 banks. The company's new customers signed during the fourth quarter of 1997 include: -0-
Financial Institution            Location             Asset Size
---------------------            --------             ----------
Bank of Huntingdon               Huntingdon, TN       $140 million
Farmers and Merchants Bank       Clarksville, TN      $255 million
First Community Bank             Chatom, AL           $107 million
Group Data                       Parsons, TN          Service center
                                                       for 4 bank
Kankakee Federal Savings Bank    Kankakee, IL         $335 million
Merchants and Planters Bank      Raymond, MS          $40 million
Peninsula Trust Bank             Gloucester, VA       $140 million
Peoples Bank of Kankakee County  Bournnais, IL        $85 million
Peoples Community Bank           Colquitt, GA         $115 million
Pipestone BancShares Pipestone   Minnesota            $140 million
Security Bank of Amory           Amory, MS            $134 million
First Commerce Technologies      Wichita, KS          $1.5 billion
                                                       holding company
First Commerce Technologies      Denver, CO           $1.5 billion
                                                       holding company




About Greenway Corporation

Greenway Corporation specializes in check imaging software and hardware for community banks. The Carrollton, Georgia-based company is the first software vendor to win a U.S. Patent for software storing and indexing of check images. Greenway has over 100 customers nationwide including Citrus and Chemical Bank, First Commerce Bank, First National Bank of Griffin, First National Bank of Texas, First National Bank & Trust, Hewlett Computer Services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. , ProVesa and Summit BancServices.

For more information on Greenway or PrimeImage, contact Tee Green at (770) 834-0090, ext. 226 or write to Greenway Corporation at 121 Greenway Boulevard, Carrollton, GA 30117. View Greenway's web page on the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 at http://www.greenway-corp.com.

CONTACT: Greenway Corporation,

Tee Green, (770) 834-0090 ext. 226,

tgreen@greenway-corp.com

or

For Greenway Corporation

Lee Rafferty, (404) 264-7210
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 16, 1998
Words:717
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