International Card Establishment Announces Formation of LIFT Networks Division to Accelerate Gift and Loyalty and Credit Card Pr
05 Giugno 2008 - 1:00PM
Marketwired
CAMARILLO, CA (OTCBB: ICRD) today announced the formation of
LIFT Networks, based in Tampa, Florida, in a drive to accelerate
revenue growth in its smart card and credit card processing
businesses. The LIFT Networks Division will be led by industry
veteran Dyson Barnett.
LIFT Networks will expand on I.C.E.'s current product lines by
offering additional services to its stored value Gift and Loyalty
product such as for Shop & Dine Rewards, a unique
multi-merchant community stored value cash/gift, loyalty and
rewards card, stored value MasterCard(TM) with payroll rewards and
the introduction of a consumer credit card program, LIFT
Revolution.
Mr. Barnett has more than 15 years of professional experience
combining retail managed services, Point-Of-Sale software systems,
stored value and transaction payment processing. Barnett's recently
held an executive position with an ISO (Independent Sales
Organization) and was responsible for growing its agent merchant
acquisition channel, agent programs and was the driving force of
new sales, expanding the sales force from 16 agents to almost 100
agents in two years.
"Having run and built sales forces for a number of successful
ISOs, our group had a very good idea as to what we wanted to do and
with whom we wanted to partner," said Dyson Barnett, President,
LIFT Networks. "In today's competitive marketplace, we needed a
product platform that could spawn unique applications to help us
quickly grow revenues in the gift and loyalty and credit card
processing markets: I.C.E.'s innovative gift and loyalty smart card
is just that platform. I plan to aggressively expand LIFT Networks
sales force over the coming months and expect us to be a major
contributor to I.C.E.'s top-line growth. "
"Dyson Barnett is a proven entity in our business and brings
years of experience to our newly created LIFT Networks Division; we
are delighted to partner with him and his team, and are confident
that LIFT Networks will add incremental revenue that will fuel our
growth," said William Lopshire, CEO, I.C.E.
Mr. Lopshire added, "Over the past year we have focused on
cutting every cost possible so that any increase in revenues would
translate into meaningful contributions to our bottom line. Our
previously announced strategic alliances with E-chx, National
Association of Professional Allstate Agents and CPAmerica have been
a steady source of new business. That said, we are confident that
the formation of LIFT Networks will be an additional driver that
will significantly contribute to overall revenue gains for
I.C.E."
About I.C.E.
www.cardnetone.com
I.C.E. is a provider of diversified products and services to the
electronic transaction processing industry. I.C.E. establishes
merchant accounts for businesses that enable them to accept credit
cards, debit cards and other forms of electronic payments; supplies
point-of-sale systems; facilitates processing; and markets a
proprietary "Smart Card"-based system that enables merchants to
offer store-branded gift and loyalty cards.
Forward-Looking Statements
This press release may contain forward-looking statements that
are subject to risks and uncertainties. Important factors which
could cause actual results to differ materially from those in the
forward-looking statements, include but are not limited to: the
company's short operating history which makes it difficult to
predict its future results of operations; the company's initial
history of operating losses with possible future losses which could
impede its ability to address the risks and difficulties
encountered by companies in new and rapidly evolving markets; the
company's future operating results could fluctuate which may cause
volatility or a decline in the price of the company's stock; the
possibility that the company may not be able to price its services
above the overall cost causing its financial results to suffer; and
other factors detailed in this press release and in future company
filings with the Securities and Exchange Commission, at such time
as the company is required to report its results of operations
under the Securities Exchange Act of 1934, as amended.
Contact: Kinzie Visser I.C.E. 866-423-2491 ext. 571 email:
kvisser@icepmt.com or Investor Relations Contact: PAN Consultants,
Ltd. Philippe Niemetz toll-free: 800/477-7570 212/344-6464 email:
p.niemetz@panconsultants.com
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