Tier Reit Inc. (NYSE:TIER)
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Tier Technologies, Inc. (Nasdaq:TIER) today announced the addition of
Philip G. Heasley to its Board of Directors.
“We are delighted to welcome Phil Heasley as a
new independent member of Tier's Board,” said
Ronald Rossetti, Chairman and Chief Executive Officer for Tier. “Phil
will bring to Tier an enormous depth of successful business experience
and relevant domain expertise in the payments space. We look forward to
his valuable insight and the contributions we are certain he will make
to Tier's growth."
Mr. Heasley has served as President and Chief Executive Officer of ACI
Worldwide, Inc., a developer of electronic payment software products,
since March 2005. Mr. Heasley previously served as Chairman and Chief
Executive Officer of PayPower LLC, an acquisition and consulting firm
specializing in financial services and payment services, from October
2003 to March 2005. Mr. Heasley has also served as Chairman and Chief
Executive Officer of First USA Bank from October 2000 to November 2003.
Mr. Heasley presently serves on the board of directors of ACI Worldwide,
Inc. and Fidelity National Financial, Inc. From 1996 until November
2003, Mr. Heasley served as Chairman of the Board of Visa USA and a
member of the board of Visa International.
About Tier Technologies, Inc.
Tier Technologies, Inc. primarily provides federal, state and local
government and other public sector clients with electronic payment
processing and other transaction processing services. Headquartered in
Reston, Virginia, Tier Technologies serves over 3,000 electronic payment
processing clients throughout the United States, including federal,
state, and local governments, educational institutions, utilities and
commercial clients. Through its subsidiary, Official Payments Corp.,
Tier delivers payment processing solutions for a wide range of markets.
For more information, see www.tier.com
and www.officialpayments.com.
Statements made in this press release that are not historical facts are
forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Tier
undertakes no obligation to update any such forward-looking statements.
Each of these statements is made as of the date hereof based only on
current information and expectations that are inherently subject to
change and involve a number of risks and uncertainties. Actual events or
results may differ materially from those projected in any of such
statements due to various factors, including, but not limited to: the
impact of governmental investigations; the potential loss of funding by
clients, including due to government budget shortfalls or revisions to
mandated statutes; the timing, initiation, completion, renewal,
extension or early termination of client projects; the Company’s
ability to realize revenues from its business development opportunities;
the timing and completion of the divestment of the Company’s
non-core assets; and unanticipated claims as a result of project
performance, including due to the failure of software providers or
subcontractors to satisfactorily complete engagements. For a discussion
of these and other factors which may cause our actual events or results
to differ from those projected, please refer to the Company's annual
report on Form 10-K for the fiscal year ended September 30, 2007 filed
with the SEC.