SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Gold/Mining/EnergyCSI Credit Systems CSU.VSE


Previous 10 Next 10 
To: keith schaefer who wrote (48)4/14/1999 7:25:00 PM
From: Stephen O
   of 90
 
CSI APPOINTS NEW U.S.-BASED DIRECTOR Full story
4/14/99 17:27

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 14, 1999--
CSI Credit Systems International Inc. (CSI) (VSE:CSU) President James
Christensen announced that Roger L. Peirce has been appointed to
the company's board of directors.
Peirce is a former business unit president of First Data
Corp. (FDC), where he was responsible for growing FDC's merchant
services organization (now processing more than half of all US Credit
card transactions). Prior to his experience at FDC he was the Chief
Operating Officer at VISA.
During his 13-year tenure at VISA Peirce played a significant
role in building VISA to a major global player in consumer payments.
He was responsible for systems, risk control, sales and marketing, and
advertising. He also had a seat on all five VISA Regional Boards.
While he was overseeing FDC's merchant processing business, sales
grew from $100 million to $1 billion, becoming FDC's largest business
unit representing 25% of the company. He also developed the U$A Value
Exchange, a targeted marketing system using customers' credit card
purchase history.
"Roger Peirce's experience and contacts will be a significant
asset for CSI as we expand into the U.S. market," said James
Christensen, President and CEO of CSI. "His background in electronic
commerce and payment systems and his sales and marketing knowledge
make him a strong strategic addition to our board of directors."
Peirce lives in San Francisco and is currently on the board of a
number of high-growth, high-technology firms.
CSI Credit Systems International is a transaction information
company specializing in business-to-customer transactions. CSI offers
retail businesses the opportunity to market products and services on a
customer specific basis through a comprehensive and fully integrated
network of customer information gathering software and hardware.



CONTACT: CSI Credit Systems International Inc., Vancouver
J. Caren Holtby, 604/415-1517
E-mail: choltby@csicredit.com
Web site: www.csicredit.com

IMO This is a major plus for CSI, which after all is a small Canadian company. There is now someone with many powerful contacts in the Credit/Debit business in the USA associated with CSI and able to lend them immense credibility.

Stephen O

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Stephen O who wrote (49)4/22/1999 10:55:00 PM
From: ED BAARTMAN
   of 90
 
Pretty high volume traded today. Anybody know if anything is up?
Share price seems to be creeping up.

Ed B.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: ED BAARTMAN who wrote (50)4/26/1999 4:41:00 PM
From: keith schaefer
   of 90
 
WOWZA...big blocks go through at the end of the day, something is happening.

Kevin, are you hearing anything?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: keith schaefer who wrote (51)4/27/1999 2:55:00 PM
From: Stephen O
   of 90
 
Volume is continuing, we're at 140,000 now at 12 Noon PDT.

Perhaps others are seeing the value and potential here, something we saw a long time ago.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Stephen O who wrote (52)4/28/1999 1:05:00 PM
From: richieg
   of 90
 
Volume not racing today as previous few days .... understand there has been at least one newsletter (MiniCap ?) picked up on CSU ... sending out 6000 odd copies. Will probably hit Friday or Monday .. I'm looking for 1.15 to 1.20 but the good news is yet too come ... getting rumblings of something largess... scuttlebutt is major bank contract ... will have to wait and see... if my suspicions are correct this will be very good and maybe even some day give us a little dividend ... now wouldn't that be nice !

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: richieg who wrote (53)4/29/1999 10:16:00 AM
From: keith schaefer
   of 90
 
CSI Credit Systems third quarter results

CSI Credit Systems International Inc
CSU
Shares issued 11,912,907
1999-04-27 close $0.95
Wednesday Apr 28 1999
Ms. J. Caren Holtby reports
Revenue for the third quarter of fiscal 1999, ended Feb. 28, 1999, is lower than
expected, but sales activity has been high. Orders were slow to close in this quarter.
In addition, inventory levels have been increased to take advantage of bulk
purchases.
During this quarter the company signed Rocky Mountain Chocolate Factory to an
Ernex customer loyalty and tracking program at all 11 corporate locations across
Canada. The company also operates 17 franchise locations in Canada and 221 in the
United States.
CSI installed Ernex in Nike Canada's flagship store, Nike TO, in Toronto. Nike is
using Ernex real-time points and Ernex e-gift to enhance customer loyalty and
tracking. Nike has 71 corporate stores in the United States.
CSI completed certification for its GT-100 terminal with the credit union, Desjardins,
the largest financial institution in Quebec. CSI is now certified with six banks and
credit unions in Canada and three processing companies in the United States.
The company expanded its Family Golf Ernex program, which began as a pilot
program during the second quarter in the Southeastern United States and has now
increased to a total of 62 locations in the third quarter in Canada and the United
States.
The company completed a private placement of 300,000 units at 75 cents per unit
for gross proceeds of $225,000 with FutureFund Capital (VCC) Corp. on April 27,
1999.
Ernex Insight, a comprehensive data mining and reporting service was launched in
the quarter. It allows Ernex customers secure multidimensional and interactive
access to all their program data via the Internet.

Condensed Statement Of Operations
Three months ended Feb. 28

1999 1998

Sales $ 683,727 $ 684,916

Gross margin 422,054 424,647

Operating expenses 607,183 508,663
--------- ---------
Net income (loss)
before non-controlling
interest (185,129) (84,016)

Non-controlling
interest 12,462 -

Net income (loss) (172,667) (84,016)
--------- ---------
Earnings (loss) per
share (1.4 cents) (8 cents)

Condensed Statement Of Operations
Nine months ended Feb. 28

1999 1998

Sales $2,140,024 $1,710,241
---------- ----------
Gross margin 1,147,917 658,443

Operating expenses 1,813,657 1,000,886
---------- ----------
Net income (loss)
before non-controlling
interest (665,740) (342,443)
---------- ----------
Non-controlling
interest 47,059 -

Net income (loss) $ (618,681) $ (342,443)
========== ==========
Earnings (loss)
per Share (5.2 cents) (3.3 cents)


Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: keith schaefer who wrote (54)5/11/1999 10:12:00 PM
From: richieg
   of 90
 
CSI sells parking division assets

CSI Credit Systems International Inc CSU
Shares issued 11,912,907 May 11 close $1.09
Tue 11 May 99 News Release
Ms. J. Caren Holtby reports
CSI Credit Systems International has sold the assets of its parking
division to enable the company to focus on its growing ERNEX business.
ERNEX offers real time transaction processing solutions to retailers using
turnkey electronic marketing programs, such as customer loyalty points,
electronic gift certificates, and electronic coupons, all in real time.
The parking division has been an expense to the company for some time, with
limited revenue from its current products. CSI has decided to divest itself
of its parking operations and continues to pursue its mandate, focusing all
of its energies on the expanding customer loyalty business, through ERNEX
the real time electronic marketing, customer loyalty system.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

I must admit to some curiousity as to the selling price but read it as a very good news announcement. The next good news must be extremely close at hand, I suspect, as they have been very tight lipped about new contracts.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: richieg who wrote (55)5/12/1999 9:15:00 PM
From: Ally
   of 90
 
Seems to me that selling the parking division is a good move by management. There's more growth potential in the ernex biz. Stock has been doing well lately.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Ally who wrote (56)5/12/1999 10:12:00 PM
From: ED BAARTMAN
   of 90
 
Great potential. If only we could start seeing some sales growth. When all these contracts come through, it should add significantly to the bottom line.

Ed B.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ED BAARTMAN who wrote (57)6/4/1999 10:24:00 AM
From: keith schaefer
   of 90
 
ROYAL BANK OFFERS TO ACQUIRE CSI CREDIT SYSTEMS
6/4/99 9:36

I never would have guessed this in a million years. Talked to mgmt, they say on valuation terms they got a very good deal, I think it works out to something like 8X revenue (and nobody can argue that that's not a good deal, but...)though I think a Joint Venture with the Royal would have sent the stock to $2.00, and then they could have raised all the money they need to compete in the market.

But evidently the Royal could play hard ball and say it's all or nothing. They certainly came in at the right time, just as this company was going to rock. Certainly not the deal I was expecting.

Is this the final offer or just the first? Could this stock go higher than $1.30?

Here it is.

CSI Credit Systems International Inc. ("CSI") announced today
that, subject to certain terms and conditions, Royal Bank of
Canada, through an indirect wholly owned subsidiary (the
"Offeror") will make an offer (the "Offer") to acquire all the
outstanding common shares of CSI for $1.30 cash per share. Under
the terms of an acquisition agreement, dated as of June 3, 1999
between the Offeror and CSI, the Board of Directors of CSI has
agreed to recommend the offer to its shareholders and to
cooperate with Royal Bank to complete the transaction.

An offering circular containing details of Royal Bank's offer is
expected to be mailed to registered holders of common shares on
or about June 15, 1999. A directors' circular supporting the
transaction will be mailed to the shareholders at the same time.
The Offer is being made through 583969 B.C. Ltd., an indirect
wholly owned subsidiary of Royal Bank, and is expected to expire
at the close of business on July 6, 1999, unless extended. The
transaction is conditional upon, among other things, regulatory
approval and there having been deposited under the offer and not
withdrawn at least 75% of the CSI shares outstanding (calculated
on a fully diluted basis at the expiry of the Offer). It is
anticipated that the transaction will close by July 19, 1999.

If the Offer is successful CSI will operate as an indirect
wholly-owned subsidiary of Royal Bank and remain under its
current management. CSI will continue to offer ERNEX(tm) loyalty
marketing solutions, loyalty program consultation and development
for retailers.

CSI is a transaction information company specializing in business
to customer transactions for the purposes of electronic
marketing. CSI offers retail businesses the opportunity to market
products and services on a customer specific basis through a
comprehensive and fully integrated network of customer
information gathering software and hardware.

For more information contact:
J. Caren Holtby, Corporate Communications,
at (604) 415-1517 or email: choltby@csicredit.com
website - www.ernexinc.com


Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10