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E-Duction Wins 8th Annual Ben Franklin Emerging
Business Award for Best Management Team - Company recognized for developing world-class team of talent
6/17/02
Blue Bell, PA, June 17, 2002—E-Duction announced
that the company has been awarded the coveted Ben Franklin Emerging
Business Award (Benny Award) for Best Management Team. The Benny
Awards are presented annually by Ben Franklin Technology Partners
to those companies that hold the greatest promise of impacting the
local and national economies. Ben Franklin Technology Partners is
one of the country's oldest and most respected private/public economic
development organizations.
E-Duction developed an innovative employee benefit
program that leverages the convenience of payroll deduction to allow
employees to purchase products and services interest free, 365 days
per year, at more than 24 million MasterCard acceptance locations
worldwide.
In receiving the Benny, E-Duction was recognized for
assembling a highly-skilled management team, one that successfully
secured partnerships with some of the world's leading financial
institutions, including First Data Corporation, Capital One Financial
Corporation and MasterCard International Incorporated. In addition,
the company's management team led the successful development of
a patented technology platform that enhances the benefits corporations
can offer their employees, opening vast new ways for consumers to
pay for everything from life insurance to continuing education,
from dinner for the family to household purchases. Using E-Duction's
technology, corporations give their employees the opportunity to
make purchases and deduct them, interest free, from payroll.
Key to the company's successes has been its ability to attract world-class
talent who understand both technology and financial services. "Our
investors rely on an E-Duction management team that consists of
some of the top minds in our industry, professionals capable of
rapidly introducing E-Duction and winning market share," says
Kirk Watkins, Chairman and CEO of E-Duction. "Ben Franklin's
recognition of our talent pool underscores our capabilities and
the long-term potential of our concept."
E-Duction's management team brings with it a rich
blend of technology and financial services experience. The company
is led by Kirk Watkins, who brings fifteen years of senior level
sales and marketing experience, including managing the launch of
six successful products at CUC. He is joined by Chief Financial
Officer Jerry Holbrook, who prior to joining E-Duction served as
Vice President of Finance at First USA Bank, where he managed the
company's treasury area and securitization programs. Serving as
the company's Chief Information Officer, Timothy Myers brings to
E-Duction more than twelve years of experience in operational and
business development technology. Previously, he served as Chairman
and CEO of ESPCard, Inc., an electronic payment software development
company, as well as Vice President of First USA Bank's Internet
and call center system development. Thomas McCormick, Chief Legal
Officer, previously served as an attorney in the Washington, D.C.
office of the international law firm Morrison & Foerster, where
he focused on transactional and regulatory matters for leading financial
service companies.
Charles Smith, the company's Vice President of Operations,
has more than ten years of experience in financial services,
including having served as a Senior Vice President at Bank
of America.
About E-Duction, Inc. - E-Duction was launched
to capitalize on a growing trend that has emerged in payment technology
– payroll deduction. In 2001, E-Duction introduced the first
credit card, Clear, that gives employees interest-free purchasing
power, 365 days per year. Clear is an innovative voluntary benefit
that allows employees to make purchases at over 24 million MasterCard
acceptance locations worldwide, and spread payments out over 2 or
6 months.
E-Duction has partnered with some of the world's leading
financial institutions, including First Data Corporation, Capital
One Financial Corporation and MasterCard International Incorporated.
For more information about E-Duction, please contact
Garrett Allen at Gregory FCA Communications at 610-642-8253 or garrett@gregoryfca.com.
For further information on E-Duction, Inc., contact:
Tom McCormick
Fax: 215.542.7090
E-mail: tmccormick@E-Duction.com
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