Hypercom Corp. said Friday that its stock price’s upward movement and increased trading volume may reflect recent announcements of its ePic ICE4000, an Internet-enabled, hand-held wireless card payment terminal and First of Omaha Merchant Processing’s agreement with ePicNetz, to provide a suite of Internet-based, value-added services to First of Omaha Merchant Processing’s existing merchant portfolio and new merchants are all positive developments.
“Both of our announcements are an indication to customers, the investment community and our employees that our strategy of Internet-enabling the point-of-sale terminal, an initiative we call ePOS-infocommerce(TM), or ePic, is beginning to come to fruition,” said George Wallner, president and chief executive officer of Hypercom Corp.
“We have been building our leadership position in the Internet-enabled POS market and as we stated in our second-quarter 2000 earnings release, we are more than ever convinced that the revolutionary nature of our technology is having broad and far-reaching consequences.
“It is allowing us to leverage alliances and be a catalyst of change within the newly expanding bounds of our industry. It is also allowing us to change the nature of Hypercom’s business towards a higher added-value model.
“In addition, we had stated that our newly created application service provider group, ePicNetz, had started signing up customers and the agreement with First of Omaha Merchant Processing is a prime example.”
Wallner also appeared on CNBC’s “Power Lunch” segment today and talked about the company’s ePic ICE 4000, Internet-enabling the point-of-sale and Internet security.
About Hypercom Corp.
Hypercom Corp. is a global provider of end-to-end electronic payment solutions, including card payment systems, peripherals, network products, software and e-commerce payment solutions that add value at the point-of-sale for consumers, merchants and acquirers.
Headquartered in Phoenix, Hypercom(R) markets its products in more than 100 countries through a global network of affiliates and offices in Argentina, Australia, Brazil, Chile, China, Germany, Hong Kong, Hungary, Japan, Mexico, Russia, Singapore, Sweden, the United Kingdom and Venezuela. Hypercom’s Internet address is [www.hypercom.com].
Hypercom is a registered trademark of Hypercom Corp. ICE, ePOSinfocommerce and ePicNetz are trademarks of Hypercom Corp. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.