JetPay Corporation (“JetPay”, or the “Company”) (NASDAQ: JTPY),
a leading provider of debit and credit card processing for
merchants, payroll/HR/TLM and prepaid card services, has named
entrepreneur and human resources expert Michael Pires as Chief
Executive Officer of its JetPay Payroll Services subsidiary.
Pires takes over as CEO for Nick Antich, who founded A D
Computer (now JetPay Payroll Services) 44 years ago, made the
decision to retire after an illustrious career. Antich headed the
search for his successor and identified Pires as the clear choice
to lead the company into the future. "Michael not only brings
tremendous experience and ability to JetPay, but he also recognizes
that the internal beliefs and philosophies of this organization,
and its reputation for impeccable customer service, are equally as
important as the opportunities for growth,” said Antich.
“Nick has done an amazing job getting this company where it is
today and initiating the transition of JetPay from a basic payroll
and tax filing firm to a full service Human Capital Management
provider. I am honored to have the opportunity to take over the
reins and will do my best to build upon his legacy,” said
Pires.
A seasoned entrepreneur and highly effective executive, Pires
brings over 18 years of experience building organizations and
leading diverse, cross-functional teams of varied sizes. He has a
track record of successfully scaling businesses, defining new
markets and business models, acquiring companies, developing
talent, designing, launching and improving products, and expanding
into new adjacencies and markets.
Pires founded HRinterax in 2001 and grew the business into a
highly profitable human resources outsourcing and recruitment
management firm, restructuring the company around the vision of
building a cloud-based SaaS HR platform for the small and mid-sized
employer market and successfully launching the resultant flagship
HR411® product in 2007. He built the company to a point where it
ultimately attracted ADP to purchase the company in late 2009.
Pires held a number of senior roles during his six years with
ADP - most recently as the Division Vice President of Business
Development. While at ADP, Pires helped to define and ultimately
establish the HR solutions business for ADP's Small Business
Services, leading them to new sales growth of greater than 20
percent annually and overall existing client base penetration of
more than 40 percent for HR solutions. He also led the development
of numerous key strategic partnerships and ADPs payroll acquisition
team.
One of the many reasons Pires was attracted to JetPay was the
company’s diversity and portfolio of business offerings.
“When you think about the overall portfolio of services JetPay
offers , including card-not-present payments processing, MAC® Visa®
Prepaid Cards, merchant processing services and of course
full-suite HR and payroll services, there aren't many companies
that can provide all of that,” said Pires. “The continuum of
solutions we are bringing to the market is tremendous and enables
JetPay to be a one-stop solution provider for our clients.”
Short-term goals for Pires include furthering JetPay's progress
as an industry leading full-service Human Capital Management
provider by focusing on driving increased market awareness through
various business development, sales and marketing initiatives, and
most importantly building upon JetPay’s great track record and key
differentiator in the market; exceptional customer service.
“The JetPay team provides outstanding customer service and that
is something I am really passionate about,” said Pires. “I believe
that in order to be successful our focus must remain centered on
the needs of our clients and delivering an amazing experience. We
need to be constantly engaged in knowing what those needs are and
how they are evolving.”
“JetPay has built a tremendous foundation for more than 40
years,” said Bipin Shah, Chairman of JetPay Corporation. “I believe
the company is in a prime position to leverage that tradition and
reputation for exceptional service and take our business to another
level by developing innovative solutions. This is where Michael’s
experience and natural entrepreneurial spirit will shine as he
directs the development and growth of the payroll and HR
division.”
About JetPay Corporation
JetPay Corporation, based in Berwyn, PA, is a leading provider
of vertically integrated solutions for businesses including card
acceptance, processing, payroll, payroll tax filing and other
financial transactions. JetPay provides a one vendor solution for
payment services, debit and credit card processing, ACH services,
and payroll and tax processing needs for businesses throughout the
United States. The Company also offers low-cost payment choices for
the employees of these businesses to replace costly alternatives.
The Company’s vertically aligned services provide customers with
convenience and increased revenues by lowering payments-related
costs and by designing innovative, customized solutions for
internet, mobile, and cloud-based payments. Please visit
www.jetpay.com for more information on what JetPay has to offer or
call 866-4JetPay (866-453-8729).
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. JetPay’s actual
results may differ from its expectations, estimates and projections
and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside JetPay’s control and are difficult to predict. Factors that
may cause such differences include, but are not limited to, those
described under the heading “Risk Factors” in the Company’s Annual
Report filed with the Securities and Exchange Commission (“SEC”) on
Form 10-K for the fiscal year ended December 31, 2014, the
Company’s Quarterly Reports on Form 10-Q and the Company’s Current
Reports on Form 8-K.
JetPay cautions that the foregoing list of factors is not
exclusive. Additional information concerning these and other risk
factors is contained in JetPay’s most recent filings with the
Securities and Exchange Commission. All subsequent written and oral
forward- looking statements concerning JetPay or other matters and
attributable to JetPay or any person acting on its behalf, are
expressly qualified in their entirety by the cautionary statements
above. JetPay cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
JetPay does not undertake or accept any obligation or undertaking
to release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement
is based.
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version on businesswire.com: http://www.businesswire.com/news/home/20160106006582/en/
JetPay CorporationPeter B. DavidsonVice Chairman and Corporate
Secretary484-324-7980Peter.Davidson@jetpaycorp.comorJetPay
CorporationGregory M. KrzemienChief Financial
Officer484-324-7980gkrzemien@jetpaycorp.com
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