SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 14, 1994
SAFECARD SERVICES, INCORPORATED
(Exact name of registrant as specified in charter).
Delaware 1-10411 13-2650534
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(State or other jurisdiction (Commission (IRS Employer of
incorporation) File Number) Identification No.)
3001 E. Pershing Boulevard, Cheyenne, WY 82001
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(Address of principal executive offices) (zip code)
Registrant's telephone number,
including area code: (307)771-2700
N/A
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(Former name or former address, if changed since last report).
Item 5. Other Events
On September 14, 1994, the Company announced that it had
completed the acquisition of Wright Express Corporation of South
Portland, Maine. Attached as Exhibit 1 is the press release.
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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.
SAFECARD SERVICES, INCORPORATED
BY: G. THOMAS FRANKLAND
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Name: G. Thomas Frankland
Title: Vice Chairman and Chief
Financial Officer
September 29, 1994
EXHIBIT 1
CONTACTS: Art Dimond Bob Stone
Dimond Communications The Dilenschneider Group
617-424-8373 212-922-0900
FOR IMMEDIATE RELEASE:
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SAFECARD COMPLETES PURCHASE OF WRIGHT EXPRESS
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CHEYENNE, WY, Sept. 14, 1994 -- SafeCard Services, Inc.
(NYSE:SSI) announced today that it has completed the previously
announced acquisition of Wright Express Corporation of South
Portland, Maine, a leading provider of information processing,
management and financial services to oil companies and
transportation fleets in the United States, for $35.5 million in
cash.
The acquisition expands SafeCard's relationships with
current and new major oil company clients and adds to SafeCard's
product offerings. As a value-added information services
enterprise reflecting a high rate of growth in both revenue and
operating cash flow, Wright Express enhances SafeCard's ability
to achieve its strategic and financial objectives.
Wright Express will be operated as a wholly-owned subsidiary
of SafeCard in South Portland, Maine. Its president and chief
executive officer John R. Birk, will retain his position
reporting directly to SafeCard chairman, Paul G. Kahn.
SafeCard Services, Inc. provides various consumer products
and services and is the world's largest provider of credit card
protection services. SafeCard serves approximately 14 million
consumers in cooperation with over 150 credit card issuers
throughout the United States.
Wright Express offers and supports the nation's most widely
accepted electronic universal fleet charge card, which is now
accepted at almost 80,000 fueling and service center locations
throughout the United States.
