TSYS COMPLETES ACQUISITION OF MAILTEK, INC.
TSYS COMPLETES ACQUISITION OF MAILTEK, INC. COLUMBUS, Ga., July 17 /PRNewswire/ -- Total System Services, Inc.
(TSYS) (NYSE: TSS) today announced that it had completed its acquisition of Mailtek, Inc. (Mailtek), an Atlanta-based company.
Mailtek is a full-service direct mail production company offering data processing, computer output microfiche, list management, plastic card embossing, laser printing and mailing services. The company provides these data processing and financial services to financial institutions, health care companies, the airline industry and the leisure industry. Commenting on the announcement, Kenneth E. Evans, vice chairman of the board of TSYS, stated, "The completion of this acquisition is an excellent beginning in our strategic plan to expand and diversify TSYS in lines of business that are compatible with the services we now provide our customers." TSYS is the second-largest bankcard and private label card processing company in the world. The company is based in Columbus, Ga., and provides card issuing institutions with a comprehensive on-line system of data processing services marketed as THE TOTAL SYSTEM(sm). TSYS serves 110 card-issuing customers in 34 states, Puerto Rico and Canada, representing 27 million cardholder and 314,000 merchant accounts. -0- 7/17/92 /CONTACT: Kenneth E. Evans, vice chairman of the board, 706-649-4457, or James B. Lipham, chief financial officer, 706-649-2262, both of TSYS/ (TSS) CO: Total System Services, Inc.; Mailtek, Inc. ST: Georgia IN: FIN SU: TNM
BN-EA -- AT004 -- 0156 07/17/92 10:40 EDT
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|Date:||Jul 17, 1992|
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