This investment will enable us to assist Phoenix in gaining market share, and in providing the community bank arena with feature-rich core application processing. It is truly a win-win situation. Ultimately however, it will be the community banks that will benefit the most, with critical capabilities derived from a first rate platform delivered through an innovative concept of dedicated hardware and software resources for each financial institution. Based in Holbrook, New York, Servers On-Line offers outsourced data processing and related services to the community banking market. The methods and systems to be used in delivering these services will be key in differentiating Servers On-Line from competitor service bureaus.
Clients range from community banks to multi-national and international financial organizations.
Developed to help bankers focus on strategic issues, the system was designed with key management applications as its core including customer relationship information management, on-line customer profitability analysis, financial reporting, an executive information management system and fully integrated teller, phone, ATM, and Internet banking modules. As a full service provider, Phoenix offers clients a full complement of professional and systems integration services including installation, conversion, implementation, training, custom programming, networking solutions, intranet and World Wide Web site development services. This press release contains forward-looking statements which involve risks and uncertainties. Phoenix's actual results may vary significantly from the results anticipated in these forward-looking statements as a result of various risks, assumptions and certain factors.