Alliance Data Systems Signs Long-Term Agreement With American TV and Appliance as First Commercial Card Client
August 24 2004 - 7:30AM
PR Newswire (US)
Alliance Data Systems Signs Long-Term Agreement With American TV
and Appliance as First Commercial Card Client DALLAS, Aug. 24
/PRNewswire-FirstCall/ -- Alliance Data Systems Corp., a leading
provider of transaction services, credit services and marketing
services, today announced that it has signed a five-year agreement
with American TV and Appliance of Madison, Inc. to provide a
comprehensive business credit card program for American TV's
commercial customers. American TV is a $370 million upper mid-west
consumer electronics, appliance and furniture retailer with
locations in Wisconsin, Illinois, Iowa and Michigan. Alliance Data
has been working with American TV since 2000, providing private
label credit card services for the retailer's consumer base. Under
terms of this new agreement, Alliance Data will provide American TV
with a full-service commercial credit card program including
account acquisition and activation, receivables funding, card
authorization, card issuance, statement generation, marketing
services, remittance processing, and customer service functions.
The card program will be targeted to American TV's commercial
customers -- primarily building contractors -- with prime credit
histories. "American TV is excited about this new commercial credit
program as it will allow us to more effectively focus our resources
on managing our core retail business while leveraging Alliance
Data's extensive retail and credit expertise to deliver a flexible
credit card offering for our commercial customers," said Steve
Mixtacki, chief financial officer, American TV and Appliance. "This
new card product will serve as a new vehicle for Alliance Data's
future growth," said Ivan Szeftel, president, Retail Credit
Services, Alliance Data Systems. "The introduction of this
commercial credit card offering is part of Alliance Data's
strategic vision for building upon our core private label credit
product to offer an integrated suite of card services while also
expanding our touch points," he said. "We are pleased to further
enhance our existing relationship with American TV by adding this
commercial credit card to their current credit program. Our retail
heritage along with our extensive experience in delivering
innovative credit and marketing programs will help American TV grow
their commercial customer business, and strengthen their customer
relationships." About Alliance Data Systems Based in Dallas,
Alliance Data Systems is a leading provider of transaction
services, credit services and marketing services. The company
assists retail, petroleum, utility and financial services clients
in managing the critical interactions between them and their
customers. Alliance Data manages approximately 95 million consumer
relationships for some of North America's most recognizable
companies and operates and markets the largest coalition loyalty
program in Canada. Alliance Data Systems employs approximately
7,500 associates at more than 30 locations in the United States and
Canada. For more information about the company, visit its web site,
http://www.alliancedatasystems.com/. About American TV and
Appliance of Madison, Inc. Founded in 1954 and headquartered in
Madison, WI, American is a leading retailer of furniture,
electronics and appliances with full service, delivery and
installation capabilities. The typical American store offers
customers over 85,000 square feet of retail showroom. With eleven
stores in four states, this fall American will expand into the St.
Louis market with three new stores, and has plans to add a fourth
store in the market in 2005. For more information about the
company, visit its web site, http://www.americantv.com/. Alliance
Data Systems' Safe Harbor Statement/Forward-Looking Statements This
news release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements may use words such as "anticipate," "believe,"
"estimate," "expect," "intend," "predict," "project" and similar
expressions as they relate to us or our management. When we make
forward-looking statements, we are basing them on our management's
beliefs and assumptions, using information currently available to
us. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, these forward-looking
statements are subject to risks, uncertainties and assumptions,
including those discussed in our filings with the Securities and
Exchange Commission. If one or more of these or other risks or
uncertainties materialize, or if our underlying assumptions prove
to be incorrect, actual results may vary materially from what we
projected. Any forward-looking statements contained in this news
release reflect our current views with respect to future events and
are subject to these and other risks, uncertainties and assumptions
relating to our operations, results of operations, growth strategy
and liquidity. We have no intention, and disclaim any obligation,
to update or revise any forward-looking statements, whether as a
result of new information, future results or otherwise. DATASOURCE:
Alliance Data Systems Corp. CONTACT: Analysts and Investors, Ed
Heffernan - CFO, +1-972-348-5191, , or Media, Shelley E. Whiddon,
+1-972-348-4310, , both of Alliance Data Systems Web site:
http://www.alliancedatasystems.com/ http://www.americantv.com/
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