Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: twharton Three stars, 500 posts Old School Fool SC1 Red Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 89  
Subject: Provenco Order, $2 Million + Over 2 Years Date: 3/25/2005 9:56 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Provenco Plans to Order Over Next 2 Years Hypercom Card Payment Terminals Valued at US$6 Million+ for New Zealand Market

17 March 2005, 08:30am ET

Hypercom Technology and Provenco Lead EMV Roll-Out

LAS VEGAS, 2005 ETA Annual Meeting and Expo, March 17 /PRNewswire-FirstCall/ -- Global electronic payment technology leader Hypercom Corporation (NYSE:HYC) today announced that its New Zealand distributor, Provenco Group Limited has indicated its intention to purchase thousands of EMV compliant card payment devices for more than US$6.7 million over the next 2 years. Provenco intends to roll out the fast and easy-use Hypercom technology to merchants nationwide.

The agreement reinforces both companies' market leadership in New Zealand and celebrates a 20-year relationship. From the beginning, both companies have been committed to the goal of delivering the fastest, most secure, easiest-to-use and cost effective payment technology to the country's merchants.

"Hypercom's EMV transaction technology will enable us to provide our customers with fast, secure transactions, lower cost of ownership and much more. That's critically important with the fast-approaching EMV mandates. It is a win-win for New Zealand's financial institutions and merchants, and it heralds our joint 20-year achievement of continually bringing to market the fastest and most intelligently-integrated payment solutions," said John Tait, CEO, Provenco Payments Limited.

"Financial institutions worldwide want the fastest, most secure and cost-effective EMV card transaction technology for their merchants, and that is exactly what Provenco and Hypercom are delivering," said Guilherme Blumenthal, Executive Vice President, Sales and Operations, Hypercom Corporation. "Our customers tell us that our innovative and intelligently integrated solutions are the very best on the market. And that is, quite simply, because we and Provenco are focused completely on our customers, their needs, and their customers' needs. Every solution that we develop helps our customers increase their revenues. This order from Provenco underscores that fact, and endorses our 20-year history of together providing technology excellence, innovation and industry leadership."

Hypercom and Provenco = Speed, Security and Customer Satisfaction

"With Provenco, we are providing the market with innovative, EMV-compliant fast, secure and easy-use card payment terminals, technology and value-added services that speed the check-out line and boost the profit line," said Warren Scheuber, general manager, Hypercom Australia Pty Ltd. "Speed, security and customer satisfaction. That's what it's all about."

About Provenco Group Limited ( www.provenco.com )

Provenco is a publicly listed company listed on The New Zealand Exchange Limited.

Provenco Group Limited has developed a market-leading position in its home market of New Zealand while expanding into key niche markets internationally.



At the heart of Provenco's business is its focus on retail transaction technology, from a customer using an EFTPOS machine at a corner store in New Zealand to a motorist at a petrol pump in Asia. Using a combination of Provenco's internally developed software and hardware and best-of-breed international products, the group provides tailored solutions to a wide range of retail environments.

About Hypercom ( www.hypercom.com )

Observing 26 years of technology excellence, innovation and leadership, Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers.

Widely recognized as the global payment technology innovator, Hypercom delivers complete card payment terminal, network access device, server and transaction networking solutions that help merchants and financial institutions generate revenues and increase profits.

Headquartered in Phoenix, Arizona, Hypercom's card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries.

Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products, product performance, product sales, revenues and profits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include, industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; the performance of suppliers and subcontractors; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP


Contacts:

Pete Schuddekopf
Hypercom Corporation
602.504.5383

pschuddekopf@hypercom.com

David Ritchie
Provenco Group Limited
+64 9 361 0500


SOURCE Hypercom Corporation
-0- 03/17/2005
/CONTACT: Pete Schuddekopf of Hypercom Corporation, +1-602-504-5383,

pschuddekopf@hypercom.com

; or David Ritchie of Provenco Group Limited,
+64 9 361 0500/
/Web site:

http://www.provenco.com

/
/Web site:

http://www.hypercom.com

/
(HYC)

CO: Hypercom Corporation; Provenco Group Limited
ST: Nevada
IN: CPR MLM NET FIN
SU: JVN TDS MAV

SF-BP
-- LATH002 --
3969 03/17/2005 08:30 EST

http://www.prnewswire.com


Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement