SAN ANTONIO, June 15, 2016 (GLOBE NEWSWIRE) -- Payment Data Systems (NASDAQ:PYDS) today announced that it has engaged Preston Todd Advisors to target and identify accretive acquisitions in the payments space as well as card processing portfolios.
Louis Hoch, President and COO of Payment Data Systems said, “We are focused on creating growth and generating value for our shareholders. Consistent with our strategy to grow both organically and through acquisition and given our healthy balance sheet, we have begun to actively interview potential companies that will accelerate our growth. We are focused on accretive acquisitions and we have charged Preston Todd Advisors with introducing us to quality companies with complementary products or access to new customers. We may also evaluate accretive card and merchant portfolio acquisition opportunities.”
Lane Gordon, Managing Director of Preston Todd Advisors stated, “Payment Data Systems has an outstanding reputation and a long operating history. Many of our clients would love the opportunity to become part of the growing Payment Data Systems family of companies. We are confident that we will be able to provide Payment Data Systems with quality options for acquisitions in the immediate future.”
About Payment Data Systems, Inc.
Payment Data Systems, Inc. (NASDAQ:PYDS), a leading integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid and ACH payment processing platforms to deliver convenient, world-class payment solutions and service to their clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Payment Data Systems is headquartered in San Antonio, Texas, and has offices in New York, New York; and Long Beach, California.
About Preston Todd Advisors
Preston Todd Advisors (“PT”) specializes in providing strategic advisory services in the FinTech (financial technology) and payments industries. PT designs and implements forward looking growth strategies for companies navigating the ongoing paradigm shift in digital and integrated payments. With over a decade of transactional experience in payments, payments technology, and integrated payments solutions, PT advises the next generation of best-in-class financial technology firms.
For additional information please visit: www.PrestonToddAdvisors.com
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.
Investor Contact: Julie MacMedan Elizabeth Brossy Financial Profiles PYDS@finprofiles.com
Source:Payment Data Systems, Inc.