CyberMark
Reorganization Paves Way for Company Expansion
Efforts
Allow for Renewed Focus on Core Markets
Tallahassee,
FL, March 8, 2002 - CyberMark announced today a
reorganization that will allow the company to better focus on its core markets:
Higher Education, Automotive and Gift Cards.
As
the company continues to grow in its flagship Higher Education market, CyberMark
has committed to develop new applications such as network authentication and
card member services for its SmartWorldTM system. These
applications and planned partnerships will help the company meet the needs of
its college and university clients. Outside of Higher Education, the
company will emphasize its SmartWrenchTM and SmartGiftTM
programs, which are already successfully installed in automotive dealerships and
malls, respectively.
"With
SmartWorld, SmartWrench and SmartGift, I believe CyberMark is better positioned
than ever to make an impact in our target market segments," said Glenn
Santmire, CyberMark CEO. "We are very enthusiastic about
participating in the expansion of smart card technology in the U.S."
As
part of the reorganization Bill Norwood, Vice Chairman, will be leaving the
company to pursue other opportunities. "Bill has played an invaluable
role in the success and growth of this company since its inception," said
Santmire. "His vision made CyberMark the leading provider of smart
card solutions in Higher Education and has paved the way for CyberMark to
explore future opportunities in other markets."
About
CyberMark
CyberMark is a leading provider of smart card solutions in North America with
installations in Higher Education Institutions, Automobile Dealerships, and
Mall/Merchant locations. With operations in Tallahassee, FL and Atlanta,
GA, CyberMark's experienced personnel have been working with identification card
systems for decades and are experts in all methods of ID card management,
distribution, printing, marketing and systems integration. For more information
visit www.cybermark.com.