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New York, NY -- December 20, 2000 -- U.S. Wireless Data, Inc. (USWD) (OTC: USWE), the leader in applying wireless technology to the transaction processing industry, today announced the appointment of Christopher W. O'Hara as President, a newly created position, reporting to Dean M. Leavitt, Chairman and Chief Executive Officer.
OHara joins USWD from International Check Services, where he served as President and Chief Operating Officer. International Check Services is the countrys second largest check processing company, authorizing over $31 billion in check sales annually. OHara brings more than 15 years of experience in the merchant acquisition and transaction processing industry. In the past year, ICS has acquired and integrated eight companies to become the nations fastest growing check acceptance company. Prior to International Check Services, OHara was General Manager of National Processing Companys Merchant Services Division (NYSE: NAP) an 87% owned subsidiary of National City Bank (NYSE: NCC). Throughout his career, OHara has managed sales, operations, MIS, product development, and business integration efforts along with full P&L responsibilities. At U.S. Wireless Data, OHara will oversee sales, business development, account management, and marketing efforts.
Commenting on this addition to U.S. Wireless Datas senior management team, Leavitt stated, The breadth and depth of Chriss experience in the areas of merchant payment processing will be a great asset to the company. We eagerly anticipate the synergies that his expertise will provide as we rapidly expand the wireless transaction processing marketplace.
I am delighted to have the opportunity to join the industry leader. U.S. Wireless Data is extremely well positioned to achieve dynamic growth -- our technology, employees, and alliance partners are the best in the industry, said OHara. I look forward to executing our business strategies and to maximize value for our customers and shareholders.
About U.S. Wireless Data, Inc.
U.S.
Wireless Data, Inc. (www.uswirelessdata.com), founded in 1991, markets
proprietary technology that brings together three large, rapidly growing
industriestransaction processing, wireless data transport and the
Internetto enable wireless payment processing. The companys
Synapsesm platform provides a gateway among all of the parties within
a wireless point-of-sale (POS) transaction. This enables businesses that require
mobility (i.e., not tethered to a telephone line) and/or faster transaction
speed to accept wireless point-of-sale payments. By providing a seamless
interface among merchants POS terminals, wireless carriers and card
processors, credit, debit and other card transactions can be processed as fast
as cash, without the cost and inconvenience of a telephone line. In addition,
Synapse Internet-based tools offer on-line, real-time transaction monitoring,
remote diagnostics and automated terminal activation. The company is
headquartered in New York City.
Forward-Looking Statements: Except for historical information contained herein, this news release contains forward-looking statements that involve risk and uncertainties. While the management of the Company believes that current expectations reflect reasonable assumptions, actual results could vary materially depending on risks and uncertainties including, but not limited to: success of the Companys new business plan; market acceptance of the Companys products; the Companys requirement for additional capital; the failure to execute definitive agreement with potential strategic alliance partners; technological change; system capacity constraints or system failures; the ability of the Company to develop new distribution channels; or competition. The Company assumes no obligation to update this information. The reports filed by the Company pursuant to United States securities laws contain a detailed discussion of these factors and certain other risks to which the Company is subject. Management of the Company advises the reader to review these reports (which are available from the United States Securities and Exchange Commissions EDGAR database at http://www.sec.gov and at various other reference facilities in the United States).
U.S.
Wireless Data, Inc
Press Contact:
Investor Relations Contact:
Phillippa Perkins
William A. Walkowiak, CFA
Edelman PR Worldwide
Lippert/Heilshorn & Associates
(212) 642-7747
(212) 838-3777
[email protected]
[email protected]
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