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MYRIAD SYSTEMS, INC. JOINS CSI
Combination Expands Capital for MSI Growth
For Immediate Release:
October 1, 2009
For More Information Contact:
Stephanie Lewis - Research and Marketing Specialist
405.478.9000
Oklahoma City, OK. – (October 1, 2009) – Myriad Systems, Inc. (MSI) announced today that it joined the Computer Services, Inc. (CSI) family of companies providing products and services primarily to the financial services industry. MSI will operate as a wholly-owned subsidiary of CSI with no change in MSI’s team, services or support.
“We are very excited to join with CSI as part of our plan to expand and strengthen our services,” stated Shaun Riney, President and Chief Executive Officer of MSI. “We expect our partnership with CSI to provide us with expanded resources to grow our business and continue investing in new and innovative services.
“MSI will continue to provide the same high-quality service and support to our customers with our existing management and employee team. We’ll keep the MSI name and I will continue as President and CEO of Myriad Systems, Inc.,” noted Mr. Riney. “MSI was founded by my father, Charles Riney, 38 years ago. I believe MSI’s combination with CSI will continue to build on the long heritage established by my father of providing innovative products and services to MSI’s customers, backed up by our strong service culture.
“MSI has grown at double-digit rates over the past four years due to our focus on providing superior customer service, and our patent-pending innovations for comprehensive statement solutions and item processing. Our continued growth in this competitive economy highlights our successful delivery of services to our customers.
“CSI also has an impressive growth record and recently announced its 22nd consecutive quarter of improved revenues and net income. It has an excellent reputation in the industry and we look forward to being a part of the CSI family,” concluded Mr. Riney.
About Myriad Systems, Inc.
Myriad Systems Inc. (MSI) is a leading provider of print and mail, online document delivery, and item processing solutions for financial institutions across the United States. The company processes, prints, and mails financial statements and notices; archives statements, notices, and other types of documents for online delivery and research; and facilitates the clearing of checks between customers and their banks, as well as between banks and check exchanges. For more information about MSI, visit www.myriadsystems.com.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions and corporate entities. Technology planning, local account managers and world-class customer service explain why CSI has come to be known as one of the nation's premier providers of banking solutions. CSI’s stock is traded on the OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
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