JC Data Solutions Contracts With Two Oil & Gas Companies for Their Payment Manager Services
June 30 2014 - 1:21PM
Marketwired
JC Data Solutions Contracts With Two Oil & Gas Companies for
Their Payment Manager Services
DALLAS, TX--(Marketwired - Jun 30, 2014) - JC Data
Solutions (PINKSHEETS: JCDS), a provider of innovative and
cost-effective solutions for digital data processing and management
focusing on the Oil & Gas, Legal and Healthcare industries is
pleased to announce new contracts for their Payment Manager
services.
Payment Manager (PM), designed by JCDS especially for the Oil
& Gas Industry, is the complete service that picks up where the
existing accounting system leaves off and provides for the seamless
distribution, delivery and archival of payments and statements to
interest/royalty owners and vendors through ACH/EFT, printed and
mailed checks and posted documents to the web.
JCDS customized the PM documents online distribution services
for one of their new clients, U.S. Energy Development Corporation
(USEDC). USEDC is among a unique group of large and
established independent oil & gas companies within North
America. USEDC has successfully achieved a 98% drilling
completion ratio.
JCDS developed a system for USDEC that takes several files,
combines the information and delivers a unique statement,
accessible online, for each individual investor.
Wanting to provide additional services to their payees, Pantera
Energy Company contracted with JC Data to provide the complete
Payment Manager services of payment and document
distribution. Pantera, a family owned company founded in 1982
and headquartered in Amarillo, TX, manages over 800 wells that they
own and operate. and wanted to direct deposit and online documents
to their payees.
Cary Allen, CEO of JCDS, says, "We have added a sales force to
concentrate on the Payment Manager services and we're excited to
see the growth this addition has produced so far. We do expect
this growth to continue".
Forward-Looking Statements
This press release contains "forward-looking statements," within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements in this release that are "forward-looking
statements" are based on current expectations and assumptions that
are subject to known and unknown risks, uncertainties or other
factors which may cause actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Actual results could differ materially
because of factors such as: the effect of general economic and
market conditions, entry into markets with vigorous competition,
market acceptance of new products and services, continued
acceptance of existing products and services, technological shifts,
and delays in product development and related product release
schedules, any of which may cause revenues and income to fall short
of anticipated levels.
All information in this release is as of the date of this
release.
For Information go to our web site at www.jcdata.com or call:
Cary Allen CEO JC Data Solutions, Inc. 682-429-0523 Email
Contact