Veritec Names New Board Member
07 Setembro 2011 - 9:30AM
Marketwired
Van Tran, CEO of Veritec, Inc. (OTCBB: VRTC) (OTCQB: VRTC) today
announced the addition of a new Board member. Veritec is honored to
welcome Ms. Sandra Hartfield of Hartfield Financial Services to its
Board of Directors.
Ms. Sandra Hartfield has over forty years of banking knowledge
and leadership experience. She had been the Chief Administrative
Officer/Chief Financial Officer for various banking organizations,
including Palm Desert National Banking Palm Desert, CA, and served
as a banking financial consultant for several other Southern
California banks. Sandra served as the President and Chief
Executive Officer of the Electronic Banking Division for Palm
Desert National Bank (PDNB Electronic Banking Solutions). In 1994,
as the Bank's Chief Financial and Chief Administrative Officer, Ms.
Hartfield placed her first off-premise ATM. Quick to recognize the
business potential, she began working with Independent Sales
Organizations (ISOs) to place terminals, and soon PDNB became one
of the first banks to offer vault cash to ISOs for placement in
their ATMs. Under Ms. Hartsfield's leadership, Palm Desert evolved
into the industry leader, offering a full line of electronic
banking products, including Vault Cash and Reverse Vault Cash,
ATM/Kiosk Terminal Management, Payment Settlement, ATM ISO/MSP
Sponsorship, Network Merchant Acquiring Sponsorship, Prepaid Stored
Value Card Programs and ACH Services. At the time of sale to US
Bank, PDNB supplied $1 Billion in Vault Cash to over 22,000 ATMs
and Self Service Terminals and had issued more than 1 million
Prepaid Stored Value Cards throughout the nation. The Electronic
Banking Division was the largest in the bank, with employees in
Palm Desert and Louisiana operations centers, providing
consistently 50% of the Bank's annual revenue.
In 2008, Sandra was honored as Woman of the Year for
Professional Excellence by the international Athena organization.
As her business involvement became more global, Sandra expanded her
participation to national and international organizations and
currently serves as the Chairman of the international ATM Industry
Association (ATMIA) and Treasurer of the Electronic Funds Transfer
Association's (EFTA) Executive Board located in Washington, D.C.
She is a member of the Board of Directors for Palm Desert
Investments. Sandra is well-known in her community, having served
as a board member of Desert ARC as well as a current board member
of her church, Desert Springs Church.
ABOUT VERITEC, INC. Founded in 1982, Veritec offers a patented
line of encoding and decoding software products that utilize the
2-D Matrix Symbology™, which allows users to create, apply, store,
or transmit unique identifiers directly on the products or to an
electronic device in the form of a coded matrix symbol, which
enables automated manufacturing control, as well as identification,
tracking, and collection of data via cameras, mobile phones,
readers and scanners. The collected data can then be stored in the
2-D barcode available for contemporaneous verification or other
user-definable purposes. Veritec's 2-D Matrix Symbologies, the
VeriCode® and VSCodes®, with its incredible robustness, security
features, and large data storage capacity, have proven to be the
technology of choice for products tracking, identification, and
verification in many automated industries. Veritec technologies are
also applicable in the Secure Bio-ID Cards to provide positive
identification via biometric markers such as fingerprints, or
pictures.
In 2007, Veritec acquired the licensed Account Management
Software Platform that further expand into the business of
developing, promoting, licensing and supporting its "blinx On-Off™"
debit card and other stored-value debit based products with
strategic partners;
Further details about Veritec's technologies and its multiple
applications can be found on Veritec, Inc.'s website at
www.veritecinc.com; www.vtfs.com; www.blinxcard.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
statements are based upon our current expectations and speak only
as of the date hereof. Our actual results may differ materially and
adversely from those expressed in any forward-looking statements as
a result of various factors and uncertainties affecting technology
companies, our ability to successfully develop products, rapid
technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive
developments and general economic conditions. Our SEC filings
discuss some of the important risk factors that may affect our
business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any
forward-looking statements for any reason unless otherwise required
to do so by SEC Regulations.
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Contact: Van Tran (CEO) vtran@veritecinc.com Tel.
763-253-2670
Veritec (PK) (USOTC:VRTC)
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