PHOENIX INTERNATIONAL SIGNS AGREEMENT WITH FLORIDA COMMUNITY BANK; PHOENIX BANKING SYSTEM CHOSEN AS SOLUTION TO THE YEAR 2000 PROBLEM.ORLANDO, Fla.--(BUSINESS WIRE)--Nov. 19, 1997--Phoenix International Ltd., Inc., (Nasdaq/NM:PHXX), a world leader in client/server retail banking management solutions, today announced that Bank at Ormond-By-The-Sea, located in Ormond Beach, Florida Ormond Beach is a city in Volusia County, Florida, United States. The population was 36,301 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 37,929.[1]. has signed a long term agreement to run the Phoenix Banking System as its core retail banking and information management solutions.Bank at Ormond-By-The-Sea is a retail-oriented community bank located on the eastern coast of Florida, in an area dominated by super regional banks. Serving a market area comprised of an elderly retiree population, the bank's focus is on providing superior customer service. Bank at Ormond-By-The-Sea was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a system that would easily adapt to the bank's customer oriented culture as well as provide a solution to the Year 2000 problem Year 2000 problem, Y2K problem, or millennium bug, in computer science, a design flaw in the hardware or software of a computer that caused erroneous results when working with dates beyond Dec. 31, 1999. . The Phoenix Banking System's flexible client/server environment A networking environment that is made up of clients and servers running applications designed for client/server architecture. See client/server. is Year 2000 compliant a. 1. (Computers) having dates fully and properly represented, and not susceptible to failure due to the year 2000 bug. and strikes the right balance between technology and managing relationships. Commenting on the transaction, Bahram Yusefzadeh, chief executive officer of Phoenix International said, "We are very pleased to have the opportunity to work with an established community bank in this strategic Florida market. Like many financial institutions today, the bank's management team wanted a more flexible core banking system to address their customer's needs today and into the 21st century. The Phoenix Banking System provides the right solution to their technology needs and will enable them to be more competitive and offer state-of-the-art services within a highly customer-centric design." Based in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. , Phoenix International is a world leader in installed client/server banking solutions and services for the financial industry. Clients range from community banks to multi-national and international financial organizations. The company provides the Phoenix System, a fully integrated core banking solution that manages all facets of a bank's retail and wholesale information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. operations entirely in an open-system, client/server environment. Developed to help bankers focus on strategic issues, the system was designed with key management applications as its core including customer relationship information management, on-line customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue analysis, financial reporting, an executive information management system and fully integrated teller, phone, ATM, and Internet banking modules. As a full service provider, Phoenix offers clients a full complement of professional and systems integration services including installation, conversion, implementation, training, custom programming, networking solutions, intranet and World Wide Web site development services. CONTACT: Phoenix International, Orlando Bud Boughton, 407/548-5150 |
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