SOURCE: JC Data Solutions, Inc.

February 06, 2007 09:45 ET

JC Data Solutions Creates a New Division, JC eFunds Solutions, to Manage and Process Its Growing Business

DALLAS, TX -- (MARKET WIRE) -- February 6, 2007 -- JC Data Solutions, Inc. (PINKSHEETS: JCDS) ("JC Data" or "the Company"), a Manufacturer and Distributor of data management systems, is pleased to announce the creation of JC eFunds Solutions, answering the demand for managing and processing payment distribution through Electronic Funds Distribution, currently focused on the Oil and Gas industry.

About JC eFunds Solutions

Through JC eFunds Solutions, ( and a partner bank we have developed the turn-key solution for EFT (Electronic Funds Transfer). We provide the software that integrates with companies' accounting and client management systems for file creation. We then process the data to the Federal Reserve Bank and to the investor's bank, as well as provide the recipients an email notification, statement processing to the web. We also provide the client full reporting, testing, and several other quality control procedures.

"To better serve our customers and with our recent growth in EFT processing, we have decided to separate management of this business into a single dedicated entity, JC eFunds Solutions," said Cary Allen, CEO, JC Data Solutions, Inc., "and by offering a significant savings to our clients, we anticipate our growth to continue and reach over 100,000 transactions per month by the third quarter 2007."

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.