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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): APRIL 20, 1999
IVI CHECKMATE CORP.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
DELAWARE 000-29772 58-2375201
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
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1003 MANSELL ROAD
ROSWELL, GEORGIA 30076
(Address of Principal Executive Offices)
770-594-6000
(Registrant's telephone number, including area code)
Page 1 of 4
Index to Exhibits on Page 3
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ITEM 5. OTHER EVENTS.
(a) In a press release dated April 20, 1999, the Company reported
that it has completed the acquisition of the assets related to
the business of the DataCard Financial Systems Corporation
subsidiary of DataCard Corporation. A copy of the press release
is attached as Exhibit 99 hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Exhibits
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Exhibit No. Description
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99 Press Release dated April 20, 1999
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IVI CHECKMATE CORP.
(Registrant)
Date: April 27, 1999 By /s/ John J. Neubert
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John J. Neubert
Executive Vice President-Finance
and Administration, Chief Financial
Officer, Treasurer and Secretary
2
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INDEX TO EXHIBITS
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Exhibit Description Page No.
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99 Press Release dated April 20, 1999 4
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[LOGO] NEWS RELEASE
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FOR IMMEDIATE RELEASE
April 20, 1999
IVI CHECKMATE COMPLETES ACQUISITION OF
DATACARD FINANCIAL SYSTEMS SUBSIDIARY
IVI Checkmate enhances presence in Small Retail and Travel & Entertainment
Segments while opening Petroleum Market to the Company
[Atlanta, Georgia/Toronto, Canada] - IVI Checkmate Corp. (NASDAQ: CMIV); (TSE:
IVC/IVI) today announced it has completed the acquisition of the assets of the
Financial Systems subsidiary of DataCard Corporation of Minneapolis, Minn.
Greg Lewis, President and CEO OF IVI Checkmate's U.S. operations, stated, "The
acquisition of DataCard's Financial Systems subsidiary strengthens our strategy
of drilling deeper into retail. The Financial Systems business unit brings IVI
Checkmate established relationships with the leading processors in the merchant
bankcard industry. This acquisition also supports our strategy of opening new
markets by leveraging the Financial Systems business unit's position in Travel
& Entertainment and Petroleum."
John Mamalakis, formerly President of DataCard's Financial Systems subsidiary
and now Vice-President and General Manager of IVI Checkmate's Financial Systems
division, stated, "Since the April 12/th announcement, IVI Checkmate has made
great strides in incorporating the operations of the Financial Systems
subsidiary. We anticipate a smooth transition that will add immense value in
product offerings and services for our customers."
Datacard Corporation, a privately held company based in Minneapolis, Minn.,
provides customers around the world with fully integrated solutions for a
variety of financial, identification and healthcare applications. In addition
to turnkey solutions, the company offers a complete line of card personalization
systems, digital photo ID systems, photo ID printers and transaction systems
(www.datacard.com).
IVI Checkmate is the third largest electronic transaction solutions provider in
North America. The Company designs, develops, and markets innovative payment and
value-added solutions that optimize transaction management at the point-of-
service in the retail, financial, travel & entertainment, healthcare, and
transportation industries. IVI Checkmate's software, hardware, and professional
services minimize transaction costs, reduce operational complexity, and
improve profitability for its customers in the U.S., Canada and Latin America.
For more information on IVI Checkmate, visit their web site at
www.ivicheckmate.com.
CONTACTS: L. Barry Thomson John J. Neubert
President & CEO CFO/Executive Vice President
IVI Checkmate Corp. IVI Checkmate Corp.
(416) 245-6700 (770) 594-6000
This press release contains forward-looking statements subject to the safe
harbor created by the Private Securities Litigation Reform Act of 1995.
Management cautions that these statements represent projections and estimates of
future performance and involve certain risks and uncertainties. The Company's
actual results could differ materially from those anticipated in these forward-
looking statements as a result of certain factors including, without limitation,
rapid and significant technological developments that could delay the
introduction of improvements in existing products or of new products; the
Company's dependence on its limited suppliers and manufacturers of component
parts of its products; the Company's dependence on its proprietary technologies
(which may be independently developed by competitors); the Company's dependence
on a small number of large retail customers; the potential fluctuation in
financial results as a result of the Company's inability to make sales to large
customers as well as the volume and timing of bookings received during a quarter
and variations in sales mix; competition from existing companies as well as new
market entrants; the Company's dependence on key personnel; and other factors
that are contained in documents that the Company files with the U.S. Securities
and Exchange Commission.
