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EXHIBIT 99
FOR IMMEDIATE RELEASE
June 14, 2000
IVI CHECKMATE AND NATIONAL TRANSACTION NETWORK ANNOUNCE COMPLETION OF MERGER
-- National Transaction Network is now a wholly-owned subsidiary of IVI
Checkmate --
[Atlanta, Georgia/Toronto, Canada/Westborough, Massachusetts] - IVI Checkmate
Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) and National Transaction Network, Inc.
(OTCBB: NTRN) today announced that IVI Checkmate Inc., a wholly-owned subsidiary
of IVI Checkmate Corp., has successfully completed its acquisition of National
Transaction Network, Inc. On June 13, 2000, in a special meeting, the
stockholders of National Transaction Network approved the proposed merger
agreement and merger, which resulted in IVI Checkmate Inc. acquiring all of the
remaining shares of National Transaction Network common stock that it did not
previously own. Before the merger, IVI Checkmate Inc. owned approximately 82% of
National Transaction Network's common stock.
IVI Checkmate Corp. will now begin the process of exchanging NTN common stock
for common stock of IVI Checkmate Corp. Each share of National Transaction
Network common stock will be exchanged for 0.0956 share (an equivalent of $0.30
worth) of IVI Checkmate Corp. First Union National Bank, IVI Checkmate's
transfer agent, will forward to National Transaction Network stockholders
detailed instructions on how to surrender their stock certificates in order to
receive the merger consideration. National Transaction Network stockholders
should not submit their stock certificates to the transfer agent until they have
received these materials.
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, hospitality, 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, please visit its web site at www.ivicheckmate.com.
National Transaction Network, Inc., a subsidiary of IVI Checkmate, designs,
develops, integrates, markets and maintains electronic payment systems for use
in retail applications. National Transaction Network software performs many of
the tasks involved in electronic payment transactions, including the collection
of payment-related data at the point of sale, secure transmission of data,
authorization and collection of the completed transaction and final reporting of
the transaction.
National Transaction Network and IVI Checkmate offer a single-source, end-to-end
electronic payment solution to retailers at both store and corporate level.
CONTACTS: L. Barry Thomson John J. Neubert
President & CEO CFO/Executive Vice President
IVI Checkmate Corp. IVI Checkmate Corp.
(770) 594-6000 (770) 594-6000
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