The Kentucky Bankers Association (KBA) recently endorsed Web@Work Board Portal and Employee Portal services provided by Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of innovative banking technologies and eBusiness services.
The KBA endorsed Web@Work Board Portal and Employee Portal services because of the tremendous feedback the association received from current users.
“Several KBA members are currently using CSI’s Web@Work portal services because of the constant need to enhance technology in the workplace and provide secure documents for board meetings,” said Selina Parrish, KBA Director of Membership. “KBA is excited to implement Web@Work internally to realize all the benefits the services offer.”
In addition to discovering the benefits first-hand, the association plans to promote Web@Work Board Portal and Employee Portal services to members not currently taking advantage of CSI’s services.
“KBA offers its members a list of elite vendors that go through our due diligence process to ensure that the best vendor is selected for a specific product,” explained Parrish. “KBA’s endorsement of Web@Work lets our members know that CSI is a best-in-class provider of portal services.”
CSI released its Web@Work Employee Portal in 1998. Since its introduction, the service has continued to grow with the addition of time and attendance features, automatic policy management, electronic forms, task management and most recently a custom database creation capability. In 2009, CSI announced the release of its Web@Work Board Portal, a service banks use to replace hefty paper-based board packets with electronic documents. Board members can access this secure Web site, called a board portal, to access current and archived materials anytime and anywhere.
According to CSI Director of Business Development Bill Evers, CSI is honored by the KBA’s endorsement. “CSI’s Web@Work Portal provides dynamic tools to bankers that increase efficiencies and ensure the secure delivery of confidential documents,” said Evers. “We are proud that the KBA understands the value CSI’s portal solutions deliver, and we are eager to offer these services to the KBA and its members.”
Thursday, January 20, 2011
Friday, January 7, 2011
CSI Reports Record Results for Third Quarter Fiscal 2011
Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported record results for the third quarter and nine months ended November 30, 2010.
Third quarter revenues rose 5.2% to $40.2 million in fiscal 2011 compared with $38.2 million in the third quarter of fiscal 2010. Net income rose 17.7% to $5.7 million, and net income per diluted share increased 21.9% to $0.39 compared with the prior year’s third quarter.
“CSI's third quarter of this fiscal year represented our 27th consecutive quarter of revenue growth,” stated President and Chief Executive Officer Steven A. Powless. “Our continued string of record results is due to the strength of our recurring revenue base and the largely non-discretionary nature of our products and services.
“Our continued growth in revenues benefited from internal growth across major product lines and to the contribution of the MSI (Myriad Systems) acquisition completed as of October 1, 2009. The internal growth was primarily driven by sales to new customers, cross-sales to existing customers and increases in transaction volumes. Our pipeline for new sales remains solid due to increased customer interest for key products and services, including cross-sales of MSI’s print and mail services, and its online document delivery solutions,” continued Mr. Powless.
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Third quarter revenues rose 5.2% to $40.2 million in fiscal 2011 compared with $38.2 million in the third quarter of fiscal 2010. Net income rose 17.7% to $5.7 million, and net income per diluted share increased 21.9% to $0.39 compared with the prior year’s third quarter.
“CSI's third quarter of this fiscal year represented our 27th consecutive quarter of revenue growth,” stated President and Chief Executive Officer Steven A. Powless. “Our continued string of record results is due to the strength of our recurring revenue base and the largely non-discretionary nature of our products and services.
“Our continued growth in revenues benefited from internal growth across major product lines and to the contribution of the MSI (Myriad Systems) acquisition completed as of October 1, 2009. The internal growth was primarily driven by sales to new customers, cross-sales to existing customers and increases in transaction volumes. Our pipeline for new sales remains solid due to increased customer interest for key products and services, including cross-sales of MSI’s print and mail services, and its online document delivery solutions,” continued Mr. Powless.
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Thursday, January 6, 2011
CSI Board Authorizes $5 Million Addition to Share Repurchase Program
Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors, at its December meeting, authorized a $5 million increase in the Company’s share repurchase program. The Company also announced that it paid a quarterly cash dividend of $0.11 per share on December 24, 2010, to shareholders of record on December 1, 2010.
“CSI’s Board of Directors approved the repurchase of an additional $5.0 million in company stock, highlighting its confidence in the future of our Company,” stated President and Chief Executive Officer Steven A. Powless. “We remain very positive about the future for CSI and the opportunities to leverage our strong financial position through this stock repurchase program.”
The additional authorization brings the total to $55 million since CSI’s share repurchase program was initially announced in March 2004. CSI has repurchased Company shares having a purchase price of approximately $48.2 million through the end of its third fiscal quarter ended November 30, 2010. CSI then had approximately $1.8 million of availability under its previous stock repurchase authorizations before the additional authorization of $5 million in December.
The stock repurchase program will be conducted on an ongoing basis and will be subject to availability of stock, market conditions, the trading price of the stock and the Company’s financial performance.
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“CSI’s Board of Directors approved the repurchase of an additional $5.0 million in company stock, highlighting its confidence in the future of our Company,” stated President and Chief Executive Officer Steven A. Powless. “We remain very positive about the future for CSI and the opportunities to leverage our strong financial position through this stock repurchase program.”
The additional authorization brings the total to $55 million since CSI’s share repurchase program was initially announced in March 2004. CSI has repurchased Company shares having a purchase price of approximately $48.2 million through the end of its third fiscal quarter ended November 30, 2010. CSI then had approximately $1.8 million of availability under its previous stock repurchase authorizations before the additional authorization of $5 million in December.
The stock repurchase program will be conducted on an ongoing basis and will be subject to availability of stock, market conditions, the trading price of the stock and the Company’s financial performance.
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Tuesday, November 30, 2010
CSI's Financial Strength, Stability Attract Farmers Bank of Lincoln, Missouri
The Farmers Bank of Lincoln, Missouri, recently partnered with Computer Services, Inc. (CSI) (OTCQX: CSVI) because of CSI’s demonstrated longevity, stability, and financial strength.
Farmers Bank of Lincoln (Farmers Bank) opened its doors on January 11, 1890, and since that day the bank has remained grounded in its mission to provide a level of service that encourages customers to recommend the bank to their friends and relatives. When the bank began looking for a new data processor, the staff focused on a processor that could help the bank cater to a growing market.
“We have been impressed by everything from CSI’s extensive line of products and services to the company’s customer-focused officers and staff,” said Steve Kroenke, President of Farmers Bank. “CSI has demonstrated a hands-on approach to the conversion process, and I am confident that the company’s coordinated approach to customer service will maximize our efficiency and enhance our ability to serve our customers’ needs.”
“As the oldest bank in its market, Farmers Bank of Lincoln values the stability and reliability CSI can offer,” said Andy Burkett, CSI Vice President of Sales. “CSI is proud to offer Farmers Bank the technologies it needs to continue serving a growing customer base. We are also honored to partner with a bank that shares CSI’s commitment to customer service.”
Farmers Bank of Lincoln (Farmers Bank) opened its doors on January 11, 1890, and since that day the bank has remained grounded in its mission to provide a level of service that encourages customers to recommend the bank to their friends and relatives. When the bank began looking for a new data processor, the staff focused on a processor that could help the bank cater to a growing market.
“We have been impressed by everything from CSI’s extensive line of products and services to the company’s customer-focused officers and staff,” said Steve Kroenke, President of Farmers Bank. “CSI has demonstrated a hands-on approach to the conversion process, and I am confident that the company’s coordinated approach to customer service will maximize our efficiency and enhance our ability to serve our customers’ needs.”
“As the oldest bank in its market, Farmers Bank of Lincoln values the stability and reliability CSI can offer,” said Andy Burkett, CSI Vice President of Sales. “CSI is proud to offer Farmers Bank the technologies it needs to continue serving a growing customer base. We are also honored to partner with a bank that shares CSI’s commitment to customer service.”
Thursday, November 11, 2010
Wesco Manufacturing Selects ATTUS for Watch List Compliance
ATTUS Technologies, Inc, developer of the advanced watch list screening solution WatchDOG® Pro, today announced it will provide Wesco Manufacturing, Inc. with a comprehensive watch list compliance system for its military and commercial equipment supplies and support services trade.
Wesco Manufacturing is a U.S. Armed Forces and NATO approved defense contractor. It specializes in providing state of the art military and commercial equipment and support services to defense forces around the globe. In today’s world, this industry requires thorough and reliable compliance solutions to ensure that its products do not get into the hands of rogue nations or terrorists organizations.
"ATTUS is proud to welcome its newest client, Wesco Manufacturing,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “As a company in the military supplies market, they understand their responsibilities and are firmly committed to compliance and the security of the United States.”
WatchDOG® Pro provides Wesco with the necessary tools to fulfill its commitment, including compliance with Department of Homeland Security requirements, the Office of Foreign Assets Control’s (OFAC) sanctioning programs and export regulations issued by the Bureau of Industry and Security (BIS).
There are dozens of watch lists that clients can cross check via WatchDOG® Pro. It is the ideal solution for military suppliers like Wesco, as well as all businesses in the export/import industry who, at a minimum under U.S. law, are responsible for scanning the BIS list, the OFAC Specially Designated Nationals (SDN) list, and the OFAC Sanctioned Countries list.
“We pride ourselves on delivering the highest quality military components and support services to clients that meet U.S. regulatory requirements for international trade,” said Rita M. Vitali, Import/Export Compliance Officer of Wesco Manufacturing, Inc. “WatchDOG® Pro was the obvious choice for our needs. It’s complete yet simple to use. Within minutes, we now confidently check a company or individual for a watch list match, pull a report showing the results, save a
record of that check onto our system and our compliance is fulfilled.”
WatchDOG® Pro clients enjoy a single, customizable solution that takes care of all of their U.S. and international watch list compliance needs. The web-based system simultaneously cross checks single customer transactions or an entire database against applicable watch lists. Its advanced name search algorithm detects subtleties that otherwise might go unnoticed by manual or other automated processes.
“Wesco wanted an affordable, user friendly and comprehensive watch list solution that included extensive report capabilities,” added Mr. Fedell. “It might sound like a tall order, but WatchDOG® Pro gives them that and more. With the click of a button, they can fulfill their watch list screening or generate comprehensive reports for a complete audit trail of their compliance.”
Wesco Manufacturing is a U.S. Armed Forces and NATO approved defense contractor. It specializes in providing state of the art military and commercial equipment and support services to defense forces around the globe. In today’s world, this industry requires thorough and reliable compliance solutions to ensure that its products do not get into the hands of rogue nations or terrorists organizations.
"ATTUS is proud to welcome its newest client, Wesco Manufacturing,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “As a company in the military supplies market, they understand their responsibilities and are firmly committed to compliance and the security of the United States.”
WatchDOG® Pro provides Wesco with the necessary tools to fulfill its commitment, including compliance with Department of Homeland Security requirements, the Office of Foreign Assets Control’s (OFAC) sanctioning programs and export regulations issued by the Bureau of Industry and Security (BIS).
There are dozens of watch lists that clients can cross check via WatchDOG® Pro. It is the ideal solution for military suppliers like Wesco, as well as all businesses in the export/import industry who, at a minimum under U.S. law, are responsible for scanning the BIS list, the OFAC Specially Designated Nationals (SDN) list, and the OFAC Sanctioned Countries list.
“We pride ourselves on delivering the highest quality military components and support services to clients that meet U.S. regulatory requirements for international trade,” said Rita M. Vitali, Import/Export Compliance Officer of Wesco Manufacturing, Inc. “WatchDOG® Pro was the obvious choice for our needs. It’s complete yet simple to use. Within minutes, we now confidently check a company or individual for a watch list match, pull a report showing the results, save a
record of that check onto our system and our compliance is fulfilled.”
WatchDOG® Pro clients enjoy a single, customizable solution that takes care of all of their U.S. and international watch list compliance needs. The web-based system simultaneously cross checks single customer transactions or an entire database against applicable watch lists. Its advanced name search algorithm detects subtleties that otherwise might go unnoticed by manual or other automated processes.
“Wesco wanted an affordable, user friendly and comprehensive watch list solution that included extensive report capabilities,” added Mr. Fedell. “It might sound like a tall order, but WatchDOG® Pro gives them that and more. With the click of a button, they can fulfill their watch list screening or generate comprehensive reports for a complete audit trail of their compliance.”
Monday, October 25, 2010
ATTUS WatchDOG Pro to Facilitate Trek Bicycle's Export Watch List Screening Compliance
Trek Bicycle, a major U.S. exporter, has selected ATTUS Technologies Inc., maker of the industry leading watch list solution - WatchDOG® Pro, to facilitate its import/export compliance screening requirements.
As one of the largest bicycle manufacturers in the world, Wisconsin-based Trek exports its products to over 100 countries around the world. All of its exports are subject to a multitude of U.S. compliance laws and regulations designed to maintain the safety and security of the U.S., its citizens and its economy.
All U.S. businesses, regardless of their industry or size, are subject to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioning program. In addition, exporters such as Trek are also subject to the laws and regulations of the US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
“A solution like WatchDOG® Pro allows Trek to choose the watch lists relevant and required for their specific business and then simultaneously cross check their entire database or a single transaction against those lists,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “That gives Trek an enormous amount of control over their screening process, as well as the confidence that they are maintaining full compliance with OFAC, CBP and BIS.”
WatchDOG® Pro uses an advanced name search algorithm. Developed by the technology experts at ATTUS, this cutting edge functionality generates more precise results which gives its users greater assurance of the accuracy of its positive matches and less false positive matches to investigate. Pro’s easy-to-use navigation and web-based platform make it possible for any assigned Trek employee to quickly and accurately maneuver its sophisticated technology in order to complete the company’s watch list screening compliance obligations.
“Being able to process our international shipping faster and more efficiently is going to improve our delivery to our customers, and ultimately our global business. This program is a huge logistical step for us,” said Jody Swentik, International Logistics Manager and Licensed Customs Broker of Trek Bicycles.
“Trek is well known for its stewardship of the environment for such feats as being the first Wisconsin manufacturer to switch to renewable electric power,” added Fedell. “Its desire to better fulfill its compliance obligations through WatchDOG® Pro is just one more sign of its commitment to being an excellent corporate citizen by protecting the U.S. economy from sanctioned individuals, entities or countries.”
As one of the largest bicycle manufacturers in the world, Wisconsin-based Trek exports its products to over 100 countries around the world. All of its exports are subject to a multitude of U.S. compliance laws and regulations designed to maintain the safety and security of the U.S., its citizens and its economy.
All U.S. businesses, regardless of their industry or size, are subject to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioning program. In addition, exporters such as Trek are also subject to the laws and regulations of the US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
“A solution like WatchDOG® Pro allows Trek to choose the watch lists relevant and required for their specific business and then simultaneously cross check their entire database or a single transaction against those lists,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “That gives Trek an enormous amount of control over their screening process, as well as the confidence that they are maintaining full compliance with OFAC, CBP and BIS.”
WatchDOG® Pro uses an advanced name search algorithm. Developed by the technology experts at ATTUS, this cutting edge functionality generates more precise results which gives its users greater assurance of the accuracy of its positive matches and less false positive matches to investigate. Pro’s easy-to-use navigation and web-based platform make it possible for any assigned Trek employee to quickly and accurately maneuver its sophisticated technology in order to complete the company’s watch list screening compliance obligations.
“Being able to process our international shipping faster and more efficiently is going to improve our delivery to our customers, and ultimately our global business. This program is a huge logistical step for us,” said Jody Swentik, International Logistics Manager and Licensed Customs Broker of Trek Bicycles.
“Trek is well known for its stewardship of the environment for such feats as being the first Wisconsin manufacturer to switch to renewable electric power,” added Fedell. “Its desire to better fulfill its compliance obligations through WatchDOG® Pro is just one more sign of its commitment to being an excellent corporate citizen by protecting the U.S. economy from sanctioned individuals, entities or countries.”
Tuesday, October 19, 2010
ATTUS to Provide BIS Trade Compliance to Progressive International
Progressive International Corporation, the kitchenware manufacturer and exporter, today announced it will employ ATTUS Technologies’ WatchDOG® Pro, the industry standard in advanced watch list screening, to fulfill its BIS trade compliance obligations.
Progressive International’s practical, inventive and fun kitchen gadgets and tools are sold domestically and internationally in Canada, Europe, South America and other international markets. As a U.S. based company, Progressive understands its duty to fulfill the Office of Foreign Assets Control (OFAC) watch list screening. It also knows that because it does business internationally it must comply with the myriad export laws and regulations issued by US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
“We are thrilled to add Progressive International to the ranks of WatchDOG® Pro users,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “Like many U.S. businesses, they are subject to a number of diverse, compliance obligations. WatchDOG® Pro provides them with a single, customizable solution that takes care of all of their compliance needs at once.”
WatchDOG® Pro is a web-based solution that uses an advanced, name search algorithm to simultaneously cross check a single customer transaction or an entire customer database against all applicable watch lists. ATTUS provides over twenty watch lists from which to choose, allowing its clients to select the right combination of watch lists for their business model. In Progressive’s case, WatchDOG® Pro will scan the BIS list, the OFAC Specially Designated Nationals (SDN) list, and the OFAC Sanctioned Countries list.
“We feel confident that we have our basis covered and it [WatchDOG® Pro] is so easy to use,” said Allison Elgar, Export Compliance Manager of Progressive International.
“Progressive told us they wanted WatchDOG® Pro because of its ease of use,” added Fedell. “The great thing about this product is that they didn’t have to exchange compliance totality to get that simplicity. By incorporating WatchDOG® Pro into each of their world-wide offices, Progressive can now be certain that they have a consistent, verifiable trade compliance system in place that satisfies U.S. Customs and the BIS.”
Progressive International’s practical, inventive and fun kitchen gadgets and tools are sold domestically and internationally in Canada, Europe, South America and other international markets. As a U.S. based company, Progressive understands its duty to fulfill the Office of Foreign Assets Control (OFAC) watch list screening. It also knows that because it does business internationally it must comply with the myriad export laws and regulations issued by US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
“We are thrilled to add Progressive International to the ranks of WatchDOG® Pro users,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “Like many U.S. businesses, they are subject to a number of diverse, compliance obligations. WatchDOG® Pro provides them with a single, customizable solution that takes care of all of their compliance needs at once.”
WatchDOG® Pro is a web-based solution that uses an advanced, name search algorithm to simultaneously cross check a single customer transaction or an entire customer database against all applicable watch lists. ATTUS provides over twenty watch lists from which to choose, allowing its clients to select the right combination of watch lists for their business model. In Progressive’s case, WatchDOG® Pro will scan the BIS list, the OFAC Specially Designated Nationals (SDN) list, and the OFAC Sanctioned Countries list.
“We feel confident that we have our basis covered and it [WatchDOG® Pro] is so easy to use,” said Allison Elgar, Export Compliance Manager of Progressive International.
“Progressive told us they wanted WatchDOG® Pro because of its ease of use,” added Fedell. “The great thing about this product is that they didn’t have to exchange compliance totality to get that simplicity. By incorporating WatchDOG® Pro into each of their world-wide offices, Progressive can now be certain that they have a consistent, verifiable trade compliance system in place that satisfies U.S. Customs and the BIS.”
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