TransCard, LLC Announces Completion Of Restructuring

Thursday, May 8, 2014

TransCard, LLC on Thursday announced the completion of its restructuring plan and positive results for the first quarter of 2014. The company attained significant increases in revenues and associated margin within its first quarter.

During this same period, TransCard reduced its overhead significantly as a result of a restructuring plan adopted in the fourth quarter of 2013. These changes allowed the company to achieve positive net income and ebitda for the period.

“TransCard is very pleased with the results of its transition from a development stage company in late 2013, to a focused emerging growth organization in 2014,” said Mark Patterson, chief financial officer of TransCard. “We are poised to continue to expand revenues and profits as we further develop our cloud-based debit card processing platform. We are very grateful to TransCard’s founder, our ownership and the team of dedicated employees who established the vision, laid the foundation and made this transition possible. It was truly a team effort and a result of several years of hard work.”

Greg Bloh, president of TransCard, said, “TransCard has successfully transitioned into a cloud-based debit card processing and program management company over the past few years. We have partnered with prominent industry leading organizations to build out our network of services to almost 300 FI’s and numerous corporate clients. As we look towards the future, TransCard is poised to launch some additional creative solutions within the payments industry.”


Miller & Martin Practices, Attorneys Recognized In 2017 Chambers USA

Chambers and Partners has recognized Miller & Martin in the 2017 Chambers USA: America's Leading Lawyers for Business report as a leading law firm in the practice areas of Labor & Employment, Corporate/M&A and Litigation: General Commercial, and also recognizes six of the firm’s attorneys. Individual lawyers are ranked on the basis of their legal knowledge and experience, ... (click for more)

Chattanooga Chamber Calendar Of Events May 30-June 2

Thursday, June 1 Downtown Chamber Council Meeting 7:30  - 9 a.m. Bessie Smith Hall: 200 E M L King Blvd. Speaker: Jay Raynor, Defoor Brothers Topic: City Center Development Join the Downtown Council for networking and breakfast from 7:30 - 8 a.m., with the program lasting from 8 - 9 a.m.   $15   East Ridge Chamber Council Meeting 11:45 a.m. - ... (click for more)

Bradley Detectives Investigating Death Of 18-Month-Old Child; Foul Play Not Suspected At This Time

Detectives in the Bradley County Sheriff's Criminal Investigations Division are investigating the death of an 18-month old child that occurred Saturday evening.   Multiple phone calls into the 911 Communications Center led to patrol deputies responding to a residence on Lowery Street, N.E. Upon arrival deputies discovered a deceased child inside the residence, which ... (click for more)

Corker Says President Trump's 1st International Trip "Executed To Near Perfection"

Senator Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee, on Sunday praised President Donald Trump for his first international trip.   He said, “I spoke with President Trump at length this morning and told him that I could not be more pleased with his first international trip. The trip was executed to near perfection and it appears the president ... (click for more)

Silence Ain’t Golden Anymore

There are times – moments – in life that you never forget. That night in 1972, sleeping over at my buddy Bart’s house, was one of them. We had been to a middle school concert and his big brother was in the band (very cool stuff for a 14-year-old!) and as we lay on the floor in our sleeping bags in Bart’s room he said he wanted to play a record that his brother listened to. And, ... (click for more)

Roy Exum: Prove No Improvement

The startling news that this year’s standardized testing was wasted on graduating seniors across Tennessee is most unsettling. This week it was learned the test results, which were to represent 10 percent of our seniors’ final grades, was a total bust. Coupled with last year’s gargantuan testing failure – the whole effort had to be scrapped -- it is now becoming realized that for ... (click for more)