SOURCE: JC Data Solutions, Inc.

May 31, 2007 10:10 ET

JC Data Solutions, Inc. Forming Relationship With NeoFirma Inc. to Expand Client Services

DALLAS, TX--(Marketwire - May 31, 2007) - JC eFunds Solutions, a division of JC Data Solutions (PINKSHEETS: JCDS), and NeoFirma, Inc. have begun working together for the benefit of their clients in the Oil & Gas Industry. Both companies have recognized the complementary nature of their respective products and the value added of their combination of information management.

Software designed by JCDS for the Oil & Gas Industry ties the client's existing accounting system to the investor information to easily distribute payments, post investor statements to the web, do email notifications, print checks or statements or any number of cost-effective data management programs.

NeoFirma provides well information management services where clients instantly access online drilling and production reports for better results, more efficiency and partner accountability. Their OperationsMaster™ provides reports, charts and instantly generated spreadsheets for production, drilling and completion, plant deployment, maintenance logs and online storage of files. This service is used by both exploration and production operators and midstream providers and their partners.

"The main goal of our product offerings to the Oil and Gas industry is to bring greater efficiency to their daily business processes and by offering NeoFirma's products and services we are expanding our offerings, adding even more efficiencies," said Cary Allen, CEO, JCDS.

"NeoFirma's services provide for the management of the complete life cycle of a well," said Mark Smith, NeoFirma's founder and chief strategic officer. "JC Data's accounting products are a natural complement managing royalty payment distributions. We look forward to working together to deliver the benefits of both our solutions to oil and gas operators."

About JC Data Solutions

JC Data Solutions provides comprehensive, innovative and cost-effective solutions for digital data processing and management. JC Data Solutions puts client data in digital formats that is easy to manage and store for Healthcare, Attorneys and the Oil and Gas industries.

Forward-Looking Statements

This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release.

Contact Information

  • Sean Meegan
    Investor Relations
    JC Data Solutions, Inc.