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.”


Family Makes Treasure Trove Of Early Chattanooga Photographs Available For Book; Stokes Collection Has Been Passed Down To Descendants

A treasure trove of Chattanooga photographs that have been passed down in the Stokes family for generations has now been assembled in an upcoming book. Chattanooga Around The Turn Of The Century: The Remarkable Stokes Collection will be published by Chattanoogan.com. Pre-orders are now being taken for the book, which includes over 700 photos on large-size pages. Publisher ... (click for more)

Latest Hamilton County Jail Booking Report - And Mug Shots

Here is the latest jail booking report from Hamilton County: BALLARD, ANTHONY MONTREL     2401 S CHAMBERLAIN AVE.#2 CHATTANOOGA, 37404     27     Chattanooga          VIOLATION OF PROBATION (DOMESTIC ASSAULT) BEAN, BO     HOMELESS CHATTANOOGA,     42    ... (click for more)

How To Reform The City Industrial Development Board - And Response (3)

My aims is to bring to the public’s attention the need for procedural changes that, if implemented, would significantly improve the information available the public, to the City Council and to the City Industrial Development Board about the verifiable benefits and costs of tax incentive financing structures and to make the entire process transparent. The public, the City ... (click for more)

Roy Exum: My October Garden

Hark! It is the first day of October and, as I make my monthly stroll through the garden, I find a growing numbers of leaves and acorns. Autumn leaves are beautiful while acorns are nuts, thus you will get the idea as we make our monthly awards: A PRETTY LEAF to Phil Hughes after the Minnesota Twins pitcher came within one inning of earning a $500,000 bonus this season. The deal ... (click for more)

Notre Dame Earns Senior-Night Soccer Victory

Honoring the team’s nine seniors was a focus of Tuesday night’s girls’ soccer match at Notre Dame, but it wasn’t the top priority for the Lady Irish. They knew that a win over visiting Signal Mountain would secure a first-place finish in District 7-AA, and their mission was to earn it. Notre Dame did just that, making Emma Higgins’ early goal stand for a ... (click for more)

UTC Men's Hoops: Brooks Savage, Alex Wharton Promoted

CHATTANOOGA, Tenn.---The Chattanooga Mocs men’s basketball program is promoting two staffers, pending University approval, coach Will Wade announced Tuesday. Brooks Savage and Alex Wharton are moving into new roles in the wake of assistant coach Turner Battle leaving to take a similar position at UAB. Savage takes Battle’s place as a full-time assistant after ... (click for more)