SOURCE: JC Data Solutions, Inc.

May 29, 2007 11:15 ET

JC Data Solutions, Inc. Teams Up With Avatar Systems, Inc. to Provide Electronic Funds Transfer

DALLAS, TX--(Marketwire - May 29, 2007) - JC eFunds Solutions, a division of JC Data Solutions (PINKSHEETS: JCDS), is pleased to announce it has formed a strategic alliance with Avatar Systems, Inc. to provide Avatar's clients a turn-key data disbursement solution through Electronic Funds Transfer, or EFT.

Avatar Systems, a leader in ERP / Accounting Software for companies in the petroleum exploration and production industry, will offer this EFT solution to its accounting package, Petroware2000.

The software, designed by JCDS for the Oil & Gas Industry, connects Avatar's existing accounting system to 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. One of the major benefits of Electronic Funds Transfer, or EFT, is disbursements to investors in a safe, secure and economical way, compare and contrast to the old method.

"We are excited about this relationship and its potential," says Cary Allen, CEO JCDS. "By offering our product with Avatar's accounting package, we not only add value for the clients and their investors, but also the added benefits to both our businesses."

JC Data Solutions is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com.

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.

About Avatar Systems

Avatar Systems' headquarters are in Frisco, Texas, USA with branch offices in Midland and Tyler, TX. The Company provides ERP / Accounting Software companies engaged in the petroleum exploration and production industry. Avatar has a growing customer base on its Petroware2000™, Integra Energy™ products for Microsoft Windows, Avatar400™ on the IBM AS400 platform, and subscribers utilizing its (SaaS) On-Demand ASP services.

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

  • Contact:
    Sean Meegan
    Investor Relations
    JC Data Solutions, Inc.
    1-800-905-9544
    msean@telus.net