ATSC Announces Appix Cash Certified for Fedwire Funds Services
MCLEAN, VA – October 17, 2008, ATS Corporation (“ATSC”) (OTCBB: ATCT), today announced that Appix Cash, a leading cash settlements and management solution for wire desks, treasury operations, and capital market back offices, is certified for Fedwire Funds Service.
Fedline Direct offers financial institutions highly secure computer-to-computer critical payment services through an unattended Internet Protocol (IP)-based system utilizing IBM Websphere MQ software. Federal Reserve support for the previous SNA-CI based service expires December 31, 2008.
“The Fedline Direct Certification demonstrates our commitment to providing our financial customers with the highest level of quality and services, encompassing technology, functionality, and support,” said Doug Starkey, Vice President of the Appix Financial Services Platform division of ATSC.
Appix Cash, one of three Appix Financial Services Platform products, allows financial institutions to control and safely automate their cash settlement processes. Through its integration with upstream and downstream systems, it provides automated approval mechanisms to fully satisfy corporate governance and audit requirements. Appix Cash features Fedline Direct and SWIFT interface standards, supporting communications with the Federal Reserve Fedwire Funds Services as well as major clearing banks.
About ATS Corporation
ATSC is a leading provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing and consulting to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises. Headquartered in McLean, Virginia, ATSC has more than 750 employees at 12 locations across the country.
Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words “estimates,” “believes,” “anticipates,” “plans,” “expects,” “will,” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 17, 2008, as amended on March 21, 2008 and April 4, 2008. In addition, the forward-looking statements included in this press release represent our views as of October 17, 2008. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to October 17, 2008.
Additional information about ATSC may be found at www.atsc.com.
Company Contact:
Joann O’Connell
Vice President, Investor Relations
ATS Corporation
(571) 766-2400
Media Contact:
Penny Parker
Corporate Communications Manager
ATS Corporation
(571) 766-2400
SOURCE: ATS Corporation