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ECHO
Press Releases 2005
FOR IMMEDIATE RELEASE
Electronic
Clearing House Inc.
Adds to Leadership Team
with Appointment
of Charles J. Harris as President and COO
Camarillo, Calif., September 1, 2005 -
Electronic Clearing House, Inc. (Nasdaq: ECHO), a
leading provider of electronic payment and transaction processing
services, announced today that Charles J. Harris will join the company as
President and Chief Operating Officer. Harris will oversee the
Company's operations, sales and business development activities.
Prior to joining the Company, he served in executive, operational
and sales leadership positions at prominent organizations including
Paymentech and Electronic Data Systems. His last position was as
President of Merchant Link, a wholly-owned subsidiary of Paymentech,
which supplies electronic payment technologies and outsourced
services to the point-of-sale market.
"We are delighted that Chuck has
accepted the position of President and COO with ECHO,"
said Joel M. Barry, Chairman and CEO of Electronic Clearing House.
"In his many years of service to other major payment services
organizations, he has demonstrated a deep understanding of the
payment processing industry and the ability to effectively lead
organizations and manage crucial merchant and agent bank
relationships. The addition of Chuck's leadership, strategic vision
and experience to the ECHO team will assist us greatly in
achieving our growth objectives."
"I am very pleased to be joining
ECHO, an organization with an impressive record of growth and
innovation," said Harris. "ECHO, through its
electronic check conversion and merchant processing initiatives, is
uniquely positioned to become a key player in the future development
of the payment processing industry. I look forward to the
opportunity to contribute to the Company's continuing growth and
build upon its impressive track record of delivering consistent
value to its clients and shareholders."
Mr. Harris holds a BA in Business
Administration with an emphasis in Finance from the University of
Texas.
About Electronic Clearing House, Inc.
(ECHO)
ECHO (www.echo-inc.com)
provides a complete solution to the payment processing needs of
merchants, banks and collection agencies. ECHO's services
include debit and credit card processing, check guarantee, check
verification, check conversion, check re-presentment, and check
collection.
Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: Any statements set
forth above that are not historical facts are forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements. Examples of forward-looking statements
included in this press release include the potential for expansion
of ECHO's check guarantee business and the continued strong
demand for ECHO's check products. Potential risks and
uncertainties that may cause actual results to differ materially
include, but are not limited to, such factors as fluctuations in
demand for the Company's products and services, the introduction of
new products and services, the Company's ability to maintain
customer and strategic business relationships, technological
advancements, impact of competitive products and services and
pricing, growth in targeted markets, the adequacy of the Company's
liquidity and financial strength to support its growth, and other
information detailed from time to time in the Company's filings with
the United States Securities and Exchange Commission.
Contact:
Electronic Clearing House, Inc.
Donna Rehman, 805-419-8533
corp@ECHO-inc.com
http://www.echo-inc.com
or
Coffin Communications Group
Crocker Coulson, 818-789-0100
crocker.coulson@ccgir.com
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