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.”


Tennessee American Water And Chambliss Center For Children Kick-Off Summer At Annual Pool Party

Tennessee American Water and Chambliss Center for Children kicked-off the summer season with a pool party for the children participating in the summer program. Tennessee American Water filled up the more than 35,000-gallon pool at no cost to Chambliss Center for Children. “Clean and reliable water is an essential life resource. We are committed to providing high quality water ... (click for more)

Hixson Dentist Awarded Tennessee Dental Association Fellowship

Dr. Michael R. Johnson, a Hixson dentist, received the prestigious Tennessee Dental Association (TDA) Fellowship Award during the recent Music City Dental Conference held in Nashville, the 149th annual meeting of the TDA. The Fellowship Award is presented to no more than twelve deserving Tennessee dentists each year who make noteworthy contributions of their time and talent toward ... (click for more)

Child Bitten By Dog In Bradley County

The Bradley County Sheriff’s Office is investigating a child who was bitten by a dog. While saturating an area in Bradley County, a deputy observed a vehicle traveling on the roadway with a child not restrained and sitting in a passenger’s lap inside the vehicle. Once the deputy approached the vehicle, he noticed a child bleeding which was the result of a dog bite. ... (click for more)

Man Rescued From The Pocket Wilderness On Sunday

Rescue personnel started the Memorial Holiday weekend at the Pocket Wilderness hiking trails on Sunday morning. A man had been camping on the trails with friends Saturday night when the accident occurred. They had been gathering branches for firewood when he tripped and fell on a branch which impaled his thigh. With no cell service and having no daylight, the group waited ... (click for more)

Fruit Basket Turnover

I have been teaching for 21 years now, so I’ve been through my share of school leaders. Every one of them taught me something important. Whether it was Don Bishop from Red Bank High School who, after almost 30 years at Red Bank, taught me to invest in the longevity of my career, Wade Kelly who taught me to thoroughly weigh options before making a decision, Gail Chuy who taught me ... (click for more)

Roy Exum: ‘Let Me Be Clear’

I have seen a lot of human beings who have gotten themselves in terrible messes in my time and more self-induced agony than I want to recall. Will Rogers famously said, “Give a man enough rope and he’ll hang himself.” That’s the truth and if you ever didn’t think that “Politics corrupts,” consider the genius behind the line, “It ain’t long those who get elected … begin to think ... (click for more)