VERSATILE CARD TECHNOLOGY ACQUIRES QUALTEQ
DOWNERS GROVE, IL, January 28, 2003 - Versatile Card Technology, Inc. (VCT), - a world leader in Card Technology and Manufacturer of secure and non-secure cards, contact less cards, SmartCards and software integration, with sales, service and production facilities in Germany, India, Turkey, Singapore, Mexico and Brazil - announced today that it has acquired QualTeq Inc. of South Plainfield, NJ, and joins VCT as a Visa/MasterCard certified manufacturer of plastic cards.
QualTeq Inc., with capacity in excess of 100 million secure transaction cards per year, will join the VCT group of Companies which include: Creative Automation, Unique Embossing Services, Unique Mailing Services, Unique Data Services, Automated Presort, Global Card Services and Fulfillment Xcellence Inc.
Mr. Pethinaidu Veluchamy owner and CEO of the VCT group of Companies said, "QualTeq is a good match for Versatile Card Technology to acquire because of its customer base and unique patented products including the Foil Card and Life Guard Card as well as its location which will enable VCT to better serve our East Coast clients."
"By combining the services and capacities of both companies we will be able to enhance our range of services and serve the needs of our clients more efficiently, with the addition of VCT QualTeq Division our market share will advance to the largest plastic card manufacturer in the world," said Nicholas J. Cooney, president of VCT. "Both companies pride themselves on attention to detail and customer satisfaction. The merging of the two organizations is a perfect match for today's market place and the industry. With the addition of several new facilities our card production has increased to over one billion cards per year."
"We are delighted to be joining forces with an organization that is dedicated to this industry and has demonstrated a commitment to customers on a global basis," said Al Vrancart, president of QualTeq Inc. "QualTeq will now have a global presence and additional capabilities including access to multiple plants around the world, faster disaster recovery, increased services, enhanced personalization and fulfillment, faster cycle time, and more flexibility."
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About Versatile Card
Technology, Inc.
As a globally recognized leader, and the largest American manufacturer
of plastic cards, Versatile Card Technology produces cards for every
application and offers complete fulfillment services and turnkey solutions.
Facilities are located in Turkey, Germany, Mexico, Singapore, South
America and India. The Visa/MasterCard state of the art facility in
Chennai, India, has helped increase VCT's customer focus throughout
Europe, Asia, Australia and Africa. VCT has increased its card capacity
to produce over one billion cards per year. VCT is a certified manufacturer
of Visa and MasterCard and produces a wide variety of products including,
loyalty, membership, gift cards, SmartCards, access control and contact-less
cards.
About QualTeq Inc.
Based in South Plainfield, New Jersey, QualTeq has been a leader in
secure card manufacturing for almost 20 years, producing over two
billion cards since its inception. QualTeq is a single source supplier
of card products and services from card design to card manufacturing.
QualTeq is a consistent winner of ICMA Élan Awards for card
design in partner with its customers and is renowned for its innovative
products including the Foil Card® and Life Guard Card ™.
QualTeq is a registered trademark of QualTeq, Inc.
