IACH Information Architects Announces Acquisition of IMES - Interna
ional Monetary Exchange Systems Corporation
B: Information Architects Announces Acquisition of IMES - International Monetary
Exchange Systems Corporation
FORT LAUDERDALE, Fla., Mar 9, 2004 (BUSINESS WIRE) -- Information Architects
Corporation (OTC BB:IACH), the premier provider of web-based employee screening
systems, announces the acquisition of IMES - International Monetary Exchange
Systems Corporation.
Continuing on its strategy of acquisitions that are complimentary to its
services, Information Architects today entered into an Acquisition Agreement
with IMES - International Monetary Exchange Systems, a company specializing in
Pre-Paid Debit and Credit Cards primarily focused on the payroll card business
and retail card programs. The IMES stored value products enhance the Perceptre
product as with Perceptre we offer the HR department the tools to hire an
employee and with IMES we offer the tools to pay an employee. IMES is primarily
focused in marketing its own card programs directly to consumers and businesses.
Working hand-in-hand with iCABS, which works directly with the issuing banks and
processors, IMES strategy is to develop stored value card programs both here in
the US and abroad.
IMES has also developed its own backed end customer service and cardholder
services module both on-line and off. The IMES system integrates seamlessly with
the processor to provide a complete set of backend fulfillment, operations,
cardholder services, distributor services, treasury and settlement process
reconciliation and overall portfolio management systems to manage its card base.
The products IMES offers handle the complete integration for stored value
programs, from card ordering and transaction processing, to front-end website
design and customer service.
The IMES solution comprises a suite of proprietary platforms that easily
connects clients (and their customers) to the ordinarily complex world of
banking, card processing, and SVC issuance. Minimizing development costs, IMES
products are built on an existing infrastructure, which is provided by
MasterCard(R) and Visa(R) and has been in use worldwide for decades.
The potential market size for stored value products is enormous. For example,
the under-banked market alone is well over 30 million strong, and teens (who
spend over $140 billion annually) number over 31 million. Stored Value is
considered the largest untapped market for consumer payment vehicles. Total
stored value and debit card volume (transaction amount) in 1998 was $182.5
billion. This number in 2003 was $1.3 Trillion according to MasterCard.
The business of Information Architects, through its product PERCEPTRE, is the
licensing to its governmental, business to business, business to consumer and
commercial sector customers of its on-line, pre-employment screening, background
investigation software ordering system. The software consists of the most
well-respected user interface extant in the space for both ease of use, breadth
of information availability as well as speed and flexibility. In short,
Perceptre software has the fastest, least cost and best on-line ordering system
on the market for use by employers, or any other inquiring entities. Perceptre
software will review the records of anyone of interest in many personnel arenas
such as criminal records, civil court records, motor vehicle records, and, of
course, credit bureau records, to name just a few.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, continued acceptance of the
Company's products, increased levels of competition for the Company, new
products and technological changes. The Company's dependence on third-party
suppliers, and other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
SOURCE: Information Architects Corporation
CONTACT: Greentech USA
Roland Breton, 954-545-8181
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KEYWORD: FLORIDA
INDUSTRY KEYWORD: HUMAN
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SOFTWARE
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MERGERS/ACQ
*** end of story ***
"i'm just a happyidiot,struggling for that legal tender" jackson brown> 
