RDM Corporation names new head of marketing
Toronto Stock Exchange Symbol: RC
WATERLOO, ON, Sept. 4 /CNW/ - RDM Corporation (TSX: - ), a leadingprovider of specialized software and hardware products for electronic paymentprocessing, today announced the appointment of Michael J. Murphy as VicePresident, Marketing. His mandate will be to build on RDM's leadershipposition in the rapidly growing remote deposit capture marketplace. Mr. Murphyreplaces outgoing VP of Marketing Tom Kettell."We are very pleased to welcome Michael to our executive team," saidDouglas Newman, President and CEO of RDM Corporation. "He is a marketingveteran with a great track record both in major corporations and in rapidlygrowing, entrepreneurial organizations. Michael also has intimate knowledge ofthe U.S. transaction processing sector, which is the focus of our growthstrategy."
Mr. Murphy has over 25 years of sales and marketing experience. Mostrecently he was Vice President of Marketing at Transaction Network Services(NYSE: - ), a leading provider of business critical data communicationsservices to processors of credit card, debit card and ATM transactions, aswell as secure data and voice network services for the global financialservices industry. His prior experience includes increasingly senior roles atFortune-100 consumer packaged goods companies Procter & Gamble, RJR/Nabiscoand Mobil Oil. Mr. Murphy earned an MBA from the Tuck School of Business atDartmouth College.
"I am very excited by the growth prospects at RDM," said Michael Murphy."The remote deposit capture market represents a tremendous opportunity, andRDM has staked out a unique claim as a leading provider of both hardware andsoftware products. From a marketing standpoint we need to solidify and enhanceRDM's positioning in the minds of our customers and distribution partners."
About RDM Corporation
RDM Corporation is headquartered in Waterloo, Ontario and trades on theToronto Stock Exchange under the symbol RC. RDM is a leading provider ofspecialized software and hardware products for electronic payment processing.RDM has pioneered electronic cheque conversion systems and web-based image andtransaction management services for banks, retailers, payment processors andgovernment agencies. RDM's Image & Transaction Management System (ITMS(R)) isan industry leading e-check processing solution whereby transactioninformation can be remotely captured and processed electronically fromdistributed locations, freeing up significant customer float time andsignificantly reducing costs associated with returned checks. For furtherinformation, visit RDM's website at .
This news release contains forward-looking statements. Forward-lookingstatements are based on estimates and assumptions made by RDM in light of itsexperience and its perception of historical trends, current conditions andexpected future developments, as well as other factors that RDM believes areappropriate in the circumstances. Many factors could cause RDM's actualresults, performance or achievements to differ materially from those expressedor implied by forward-looking statements. Risk factors relating to RDM arediscussed in the Risks and Uncertainties section of RDM's Annual InformationForm and year-end Management's Discussion and Analysis. These factors shouldbe considered carefully, and readers should not place undue reliance on RDM'sforward-looking statements. RDM has no intention and undertakes no obligationto update or revise any forward-looking statements, whether as a result of newinformation, future events or otherwise.
For further information
Jeff Codispodi, Investor Relations, The EquicomGroup Inc., (416) 815-0700 ext. 261 phone, (416) 815-0080 fax,jcodispodi@equicomgroup.com
James Merwin, Chief Financial Officer, RDMCorporation, (519) 746-8483 ext. 284 phone, (519) 746-3317 fax,
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