Tier Announces New Board Member
October 02 2008 - 11:30AM
Business Wire
Tier Technologies, Inc. (Nasdaq:TIER) today announced the
appointment of David A. Poe to its Board of Directors. Mr. Poe has
served as a consultant and director of Edgar, Dunn & Company,
an independent global financial services and payments consultancy
since March 1980. From March 1998 to May 2008, Mr. Poe served as
Chief Executive Officer of Edgar, Dunn & Company. "We are
pleased to have David as a new member of Tier's Board," said Ronald
L. Rossetti. "David brings a wealth of payments knowledge to Tier.
As we complete our transition to the single focus on electronic
payments, David�s global experience will help us to sharpen our
strategy to meet our objectives." About Tier Technologies, Inc.
Tier Technologies, Inc. primarily provides federal, state and local
government and other public sector clients with electronic payment
processing and other transaction processing services. Headquartered
in Reston, Virginia, Tier Technologies serves over 3,000 electronic
payment processing clients throughout the United States, including
federal, state, and local governments, educational institutions,
utilities and commercial clients. Through its subsidiary, Official
Payments Corp., Tier delivers payment processing solutions for a
wide range of markets. For more information, see www.tier.com and
www.officialpayments.com. Statements made in this press release
that are not historical facts are forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Tier undertakes no
obligation to update any such forward-looking statements. Each of
these statements is made as of the date hereof based only on
current information and expectations that are inherently subject to
change and involve a number of risks and uncertainties. Actual
events or results may differ materially from those projected in any
of such statements due to various factors, including, but not
limited to: the impact of governmental investigations; the
potential loss of funding by clients, including due to government
budget shortfalls or revisions to mandated statutes; the timing,
initiation, completion, renewal, extension or early termination of
client projects; the Company�s ability to realize revenues from its
business development opportunities; the timing and completion of
the divestment of the Company�s non-core assets; and unanticipated
claims as a result of project performance, including due to the
failure of software providers or subcontractors to satisfactorily
complete engagements. For a discussion of these and other factors
which may cause our actual events or results to differ from those
projected, please refer to the Company's annual report on Form 10-K
for the fiscal year ended September 30, 2007 filed with the SEC.
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