DALLAS, TX--(Marketwired - Apr 5, 2013) - JC Data Solutions (PINKSHEETS: JCDS) is a provider of innovative and cost-effective solutions for digital data processing and management focusing on the Oil & Gas, Legal and Healthcare industries.
JC Data's Payment Manager services continue to grow; processing several thousand transactions and several million dollars' worth of distributions per month. We have experienced a 20% growth in processing since the beginning of this year alone. And now, after almost two years of planning and design, Payment Manager will make its debut into the state and federal oil and gas land leasing market at the end of April.
Through Aeris Solutions, LLC (50% owned by JC Data Solutions) and Info Tech, Inc.'s Bid Express online system, bid funds for oil and gas land leases will be managed by us throughout the bid process. Bidding companies will sign with Payment Manager to process their bid funds utilizing our unique system which keeps their cash from being tied up in cashier's checks, money orders or surety bonds. This new process eliminates the need for paper, making the complete bid process more economical for both the government agencies and the bidder. We are currently testing in-house but expect live testing over the next few weeks with several states' agencies.
Appeal Manager™, unique to the healthcare market and designed to collect on denied or partial paid claims, was kicked off in late January 2013, but delayed due to a change in the outside sales force. It was back up and running by the end of March 2013 with salespeople in Dallas, Houston, Phoenix, Denver, Atlanta, Louisville, and Raleigh. Contracts for the Appeal Manager™ services are already closing and we continue to increase this sales force each week.
JC Data Solutions has hired a new transfer agent, Corporate Stock Transfer, Inc. in Denver Colorado. Their experience with companies our size will be a great asset in managing our stock and stock holders.
"We are very busy with JC Data and its two new companies. We have hired a project manager for our Appeal Manager™ product to handle sales and training. Regarding the stock, we have not sold stock into the market for several years now and we don't plan to for some time. Our intentions are to grow the company and have that in turn increase the value of the stock. Our plan is still to show unaudited financials after our fiscal year end, June 2013," says Cary Allen, CEO JC Data Solutions, Inc.
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.