Precis Smart Card Systems, Inc. announced that it has completed the audit of Foresight, Inc., and has filed a proxy statement with the Securities and Exchange Commission for review. It is anticipated that a shareholder meeting date will be set in the near future to vote on the transaction.
Foresight, Inc., provides value-added benefits and services, packaged as membership programs, that allow clients to enhance profitability, customer loyalty and product differentiation. In 1999, Foresight’s revenues were approximately $6 million, and the company maintains a base of more than 580,000 customers nationwide.
Precis Smart Card Systems, Inc. is a leading smart card solutions provider. The company provides custom smart card products including stored value solutions, loyalty and reward programs, and healthcare applications for a wide variety of industries. Information about Precis can be found on the web at: [http://www.precis-scs.com].