TransCard, LLC Announces Completion Of Restructuring

Thursday, May 08, 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.”


Many Waldens Ridge Scenes Featured In Stokes Picture Book

A number of early views of Waldens Ridge are among the rarities found in the Stokes Photo Collection. There are many photos of the roads up the mountain showing streetcars, wagons and early autos. There are scenes at Rainbow Lake, Falling Water Falls, Signal Point and other scenic spots. Several photos are included of the Signal Mountain Hotel. The more than 700 photos ... (click for more)

2 Maryville Residents Arrested On Drug And Weapons Charges In Bradley County

Two Maryville, Tn., residents were arrested on several charges on Thursday in Bradley County. The arrests of Melissa Bonzer, 31, and Dareius Clinton, 35, were the result of a traffic stop by members of the Bradley County Sheriff’s Department’s Criminal Investigation Division at the 27-mile marker on I-75.  The vehicle driven by Ms. Bonzer made an improper turn onto ... (click for more)

Chairs Cost How Much?

Many times while growing up, I would go to the store with my parents. More often than not, I would see something I wanted, and ask my parents to buy it for me. More often than not, they said no. “Why?” I asked. “Son, money doesn’t grow on trees.” That’s a phrase I’m sure many of us have heard more than once over the course of our lives. However, I have since learned that they were ... (click for more)

Roy Exum: My Dear Friend Luther

One sunny morning in June years ago, the renowned radio icon Luther Masingill was on his way back to the WDEF studios on South Broad Street when he stopped for a red light and noticed a young couple in a car idling next to his familiar light blue Ford pickup. “What caught my eye was a buck-toothed boy eating a banana in the back seat,” he explained in an aside to that day’s lunchtime ... (click for more)

Notre Dame Claims Region 4A/AA Soccer Title

Junior Sofia Olenchek scored twice, including the winning goal in the second overtime (95th minute) period as host Notre Dame defeated crosstown rival Chattanooga Christian 2-1, for the Region 4 A-AA championship Thursday night. In a well-played, physical match, CCS led at halftime, 1-0,  after senior Hannah Henry scored in the 14th minute, but Olenchek's first goal ... (click for more)

Baylor Beats Briarcrest For Shot At Father Ryan, DII-AA State Volleyball Title

MURFREESBORO, Tenn. – OK, Father Ryan.  Baylor’s still hanging around. The Lady Red Raiders stormed past Briarcrest, 3-1, Thursday in the loser’s bracket final at Siegel Middle School and advanced to Friday’s Division II-AA volleyball tournament championship match. The set scores were 26-24, 25-15, 24-26, 25-15. The Lady Red Raiders lost to Father Ryan, ... (click for more)