Printer Friendly

CHECK TECHNOLOGY CORPORATION EXPANDS INTO LITHUANIA AND THE PHILIPPINES

CHECK TECHNOLOGY CORPORATION EXPANDS INTO LITHUANIA AND THE PHILIPPINES
 ST. PAUL, Minn., Oct. 30 /PRNewswire/ -- Check Technology Corporation (NASDAQ-NMS: CTCQ) a printing equipment manufacturer based in St. Paul, has recently added to its impressive list of export destinations by securing sales in Lithuania and the Philippines. The two significant sales, totaling more than $500,000, bring the number of countries to which the corporation exports to 33.
 The sale to Lithuania is particularly satisfying as it represents a breakthrough for the corporation into a region of the former Soviet Union. The equipment has been bought by Spindulys, the Lithuanian State Printer, and it offers a complete printing solution for the production of the first personalized checks in the newly independent country. In the Philippines, too, equipment has been purchased by a major commercial printer for the production of personalized checks. Toneguide, located in Manila, decided on Check Technology's CheckTronic system despite strong pressure from the corporation's competition.
 The sales re-enforce the position of Check Technology Corporation as a worldwide industry leader in providing solutions for specialist check printers and the breakthrough into Lithuania offers potential in other ex-Soviet regions.
 Check Technology Corporation is a manufacturer of computerized high- volume check and encoded document production systems serving the international financial printing industry as well as corporate customers seeking to manage more effectively their check disbursement functions. The company operates through sales offices at its corporate headquarters in the United States and at its subsidiaries in the United Kingdom, France, Spain and Australia.
 -0- 10/30/92
 /CONTACT: Ian Jaggard of Check Technology, 612-454-9300/
 (CTCQ) CO: Check Technology Corporation ST: Minnesota IN: CPR SU:


DS -- MN003 -- 7054 10/30/92 10:53 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 30, 1992
Words:281
Previous Article:EMPAQUES PONDEROSA, S.A. REPORTS NINE MONTH RESULTS
Next Article:GAMMA BIOLOGICALS REPORTS EARNINGS FOR SECOND QUARTER AND SIX MONTHS
Topics:


Related Articles
CHECK TECHNOLOGY CORPORATION ANNOUNCES IMPROVED FIRST QUARTER RESULTS
DEKALB Genetics and Ayala Subsidiary to Develop, Produce, and Market DEKALB Brand Corn Hybrids in the Philippines.
First Capital Intl, Inc., Announces Its Plans to Expand Into Lithuania.
Global Payments Asia-Pacific Expands Its Joint Venture with HSBC to the Philippines.
Global Payments Asia-Pacific Finalizes Its Joint Venture Expansion Into The Philippines.
Real Estate Services Group CB Richard Ellis Introduces Smartcool's Technology to Portfolio of Managed Property.
Lithuania and IT are synonyms.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters