JC Data Solutions Update
05 April 2013 - 11:30PM
Marketwired
JC Data Solutions (PINKSHEETS: JCDS) is a provider of innovative
and cost-effective solutions for digital data processing and
management focusing on the Oil & Gas, Legal and Healthcare
industries.
JC Data's Payment Manager services continue to grow; processing
several thousand transactions and several million dollars' worth of
distributions per month. We have experienced a 20% growth in
processing since the beginning of this year alone. And now, after
almost two years of planning and design, Payment Manager will make
its debut into the state and federal oil and gas land leasing
market at the end of April.
Through Aeris Solutions, LLC (50% owned by JC Data Solutions)
and Info Tech, Inc.'s Bid Express online system, bid funds for oil
and gas land leases will be managed by us throughout the bid
process. Bidding companies will sign with Payment Manager to
process their bid funds utilizing our unique system which keeps
their cash from being tied up in cashier's checks, money orders or
surety bonds. This new process eliminates the need for paper,
making the complete bid process more economical for both the
government agencies and the bidder. We are currently testing
in-house but expect live testing over the next few weeks with
several states' agencies.
Appeal Managerâ„¢, unique to the healthcare market and designed to
collect on denied or partial paid claims, was kicked off in late
January 2013, but delayed due to a change in the outside sales
force. It was back up and running by the end of March 2013 with
salespeople in Dallas, Houston, Phoenix, Denver, Atlanta,
Louisville, and Raleigh. Contracts for the Appeal Managerâ„¢ services
are already closing and we continue to increase this sales force
each week.
JC Data Solutions has hired a new transfer agent, Corporate
Stock Transfer, Inc. in Denver Colorado. Their experience with
companies our size will be a great asset in managing our stock and
stock holders.
"We are very busy with JC Data and its two new companies. We
have hired a project manager for our Appeal Managerâ„¢ product to
handle sales and training. Regarding the stock, we have not sold
stock into the market for several years now and we don't plan to
for some time. Our intentions are to grow the company and have that
in turn increase the value of the stock. Our plan is still to show
unaudited financials after our fiscal year end, June 2013," says
Cary Allen, CEO JC Data Solutions, Inc.
Forward-Looking Statements
This press release contains "forward-looking statements," within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements in this release that are "forward-looking
statements" are based on current expectations and assumptions that
are subject to known and unknown risks, uncertainties or other
factors which may cause actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Actual results could differ materially
because of factors such as: the effect of general economic and
market conditions, entry into markets with vigorous competition,
market acceptance of new products and services, continued
acceptance of existing products and services, technological shifts,
and delays in product development and related product release
schedules, any of which may cause revenues and income to fall short
of anticipated levels.
All information in this release is as of the date of this
release.
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For Information go to our web site at www.jcdata.com or call:
Cary Allen CEO JC Data Solutions, Inc. 682-429-0523 Email Contact:
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