ATLANTA, Jun 24, 2002 /PRNewswire-FirstCall via COMTEX/ -- Global Payments Inc.
(NYSE: GPN), a leading provider of payment card and check processing solutions,
was recognized as one of The Information Technology 100 by BusinessWeek magazine
in the publication's Annual Report on Technology Companies. Global Payments was
ranked number 59 in the world, and listed among IT industry leaders such as IBM,
HP, EBAY, Oracle and Dell. The IT 100 list appears in the June 24 issue.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )
In order to create The Information Technology 100, BusinessWeek started with
10,000 publicly traded companies, trimmed the list to information technology
companies only, and added non-U.S. technology companies. To qualify, companies
needed at least $300 million in revenue. After meeting other criteria determined
by the magazine, companies were ranked using the following criteria: shareholder
return, return on equity, revenue growth and total revenue, which was given 1.5
times the weight of the other categories.
"Global Payments is thrilled to be included in this prestigious group of
worldwide technology leaders, and to also very pleased be listed as number 23 in
the important ranking of shareholder return," said President and CEO, Paul R.
Global Payments Inc. is a leading provider of electronic transaction processing
services to merchants, Independent Sales Organizations (ISOs), financial
institutions, government agencies and multi-national corporations located
throughout the United States, Canada, the United Kingdom, and Europe. Global
Payments offers a comprehensive line of payment solutions including credit and
debit cards, business-to-business purchasing cards, gift cards, Electronic
Benefits Transfer (EBT) cards, check guarantee, check verification and recovery,
terminal management and funds transfer services.
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-K. Notes that
reconcile the presentation of the normalized results included herein to GAAP
results are filed with the SEC in the Company's most recent Form 10-K. The
Company undertakes no obligation to revise any of these statements to reflect
future circumstances or the occurrence of unanticipated events.
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SOURCE Global Payments Inc.
CONTACT: Phyllis McNeill of Global Payments Inc., +1-404-728-2661, or
fax, +1-404-728-3525, or email@example.com
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