SOURCE: JC Data Solutions, Inc.

JC Data Solutions, Inc.

June 30, 2014 13:21 ET

JC Data Solutions Contracts With Two Oil & Gas Companies for Their Payment Manager Services

DALLAS, TX--(Marketwired - Jun 30, 2014) -  JC Data Solutions (PINKSHEETS: JCDS), a provider of innovative and cost-effective solutions for digital data processing and management focusing on the Oil & Gas, Legal and Healthcare industries is pleased to announce new contracts for their Payment Manager services.

Payment Manager (PM), designed by JCDS especially for the Oil & Gas Industry, is the complete service that picks up where the existing accounting system leaves off and provides for the seamless distribution, delivery and archival of payments and statements to interest/royalty owners and vendors through ACH/EFT, printed and mailed checks and posted documents to the web.

JCDS customized the PM documents online distribution services for one of their new clients, U.S. Energy Development Corporation (USEDC). USEDC is among a unique group of large and established independent oil & gas companies within North America. USEDC has successfully achieved a 98% drilling completion ratio.

JCDS developed a system for USDEC that takes several files, combines the information and delivers a unique statement, accessible online, for each individual investor.

Wanting to provide additional services to their payees, Pantera Energy Company contracted with JC Data to provide the complete Payment Manager services of payment and document distribution. Pantera, a family owned company founded in 1982 and headquartered in Amarillo, TX, manages over 800 wells that they own and operate. and wanted to direct deposit and online documents to their payees.

Cary Allen, CEO of JCDS, says, "We have added a sales force to concentrate on the Payment Manager services and we're excited to see the growth this addition has produced so far. We do expect this growth to continue".

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.

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