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http://biz.yahoo.com/bw/030908/85063_1.html ABA Endorses Private Business Inc. as Its Exclusive Provider of Electronic Loan Monitoring Systems Monday September 8, 7:30 am ET WASHINGTON--(BUSINESS WIRE)--Sept. 8, 2003--The American Bankers Association has expanded its endorsement of Private Business Inc. (NASDAQ:PBIZ - News) to include the LineManager electronic loan monitoring system. LineManager is a complete Web-based system that automates the monitoring and tracking of commercial lines of credit while also providing banks with an effective early warning system and reliable risk management tool. Since 1993, Private Business Inc. has carried the exclusive endorsement of the ABA for Business Manager, the banking industry`s leading accounts receivable management program. Endorsed providers earn the ABA`s support only after a thorough due diligence review by its affiliate, the Corporation for American Banking. "In a time when technology is being used to mitigate lending risks and improve credit officer performance, our member banks are looking to implement strong programs such as LineManager for monitoring and managing lines of credit," said John Wolff, CAB executive director. "Over the course of our 10-year affiliation, Private Business has repeatedly demonstrated its ability to understand the needs of banks and to develop products and services that meet those needs. Throughout our relationship, we`ve witnessed an outstanding level of quality and service that they provide our members," said Wolff. "Our entire organization is very pleased to have corroboration from the ABA that LineManager is an effective tool for meeting the monitoring needs of banks of all sizes," said Henry M. Baroco, president and CEO of Private Business Inc. "As we continue to expand our product line to include a comprehensive suite of products and services for banks and small to medium-sized businesses, receiving this second product endorsement from the ABA is a very positive development." About American Bankers Association The ABA brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership - which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks - makes ABA the largest banking trade association in the country. ABA can be found on the Internet at www.aba.com. About Private Business Inc. Private Business Inc. is a leading provider of cash flow management tools for community banks and middle-market businesses. Through its RMSA division, the Company also provides inventory management and sales forecasting solutions to the retail industry. Private Business Inc. is headquartered in Brentwood, Tenn., and its common stock trades on the NASDAQ Stock Market under the symbol "PBIZ." Additional information on this company can be found on the World Wide Web at www.privatebusiness.com. This release contains several "forward-looking statements" concerning Private Business, Inc.`s operations, prospects, strategies and financial condition, including its future economic performance, intent, plans and objectives, the likelihood of success in developing and expanding its business. These statements are based upon a number of assumptions and estimates that are subject to significant uncertainties, many of which are beyond Private Business, Inc.`s control. Words such as "may," "would," "could," "will," "expect," "anticipate," "believe," "intend," "plan," and "estimate" are meant to identify such forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company assumes no obligation to update this information. Factors that could cause actual results to differ materially are discussed in Private Business, Inc.`s filings with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q filings. -------------------------------------------------------------------------------- Contact: Private Business Inc. Michael Berman, 615-565-7273 or ABA John Hall, 202-663-5473 |
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| aus der Diskussion: | 50% Chance bei richtigem Timing |
| Autor (Datum des Eintrages): | afisch (08.09.03 13:48:39) |
| Beitrag: | 2 von 2 (ID:10672517) |
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