ATLANTA, June 18 /PRNewswire-FirstCall/ -- Global Payments Inc. , a worldwide provider of electronic transaction processing solutions, has been recognized as a "Hot Growth Company" by BusinessWeek and ranked number 89, in the magazine''s list of 100 "Best Small Companies."
(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )
According to BusinessWeek, "It''s no small feat to spot a great business opportunity in today''s fast-changing economy. Building a sustainable enterprise from that insight is even tougher. It requires speed, flexibility, innovation, and at least a little luck to thrive in the face of relentless competition."
"Global Payments is thrilled to be included with this prestigious group of business leaders. The value we add for our customers and shareholders is getting noticed," said Global Payments'' Chairman, President and CEO, Paul R. Garcia.
In order to uncover the top 100 contenders, BusinessWeek says it looks at a broad universe consisting of publicly traded companies with revenues ranging from $50 million to $1.5 billion a year. The magazine then ranks them by sales and earnings growth and return on capital over a three-year period, to identify those companies with a solid track record. Any company on the list must have a market cap of at least $25 million and a share price of at least $5. BusinessWeek cuts any company that has had recent earnings slides or whose stock has underperformed the Standard & Poor''s Industrial Composite Index.
Global Payments Inc. is a leading provider of electronic transaction processing services to consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions, including credit and debit cards, business-to-business purchasing cards, and gift cards, check guarantee, check verification and recovery, electronic check, terminal management and money transfer services. For additional information about the company and its services, visit http://www.globalpaymentsinc.com/ .
This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company''s SEC filings, including the most recent Form 10-Q. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
Contact: Phyllis McNeill 770 829-8245 Voice 770 829-8263 Fax phyllis.mcneill@globalpay.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com Global Payments Inc.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )
According to BusinessWeek, "It''s no small feat to spot a great business opportunity in today''s fast-changing economy. Building a sustainable enterprise from that insight is even tougher. It requires speed, flexibility, innovation, and at least a little luck to thrive in the face of relentless competition."
"Global Payments is thrilled to be included with this prestigious group of business leaders. The value we add for our customers and shareholders is getting noticed," said Global Payments'' Chairman, President and CEO, Paul R. Garcia.
In order to uncover the top 100 contenders, BusinessWeek says it looks at a broad universe consisting of publicly traded companies with revenues ranging from $50 million to $1.5 billion a year. The magazine then ranks them by sales and earnings growth and return on capital over a three-year period, to identify those companies with a solid track record. Any company on the list must have a market cap of at least $25 million and a share price of at least $5. BusinessWeek cuts any company that has had recent earnings slides or whose stock has underperformed the Standard & Poor''s Industrial Composite Index.
Global Payments Inc. is a leading provider of electronic transaction processing services to consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions, including credit and debit cards, business-to-business purchasing cards, and gift cards, check guarantee, check verification and recovery, electronic check, terminal management and money transfer services. For additional information about the company and its services, visit http://www.globalpaymentsinc.com/ .
This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company''s SEC filings, including the most recent Form 10-Q. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
Contact: Phyllis McNeill 770 829-8245 Voice 770 829-8263 Fax phyllis.mcneill@globalpay.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com Global Payments Inc.
