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.”


Senator David Perdue Says The Debt Crisis Is Directly Impacting The Ability To Protect The Nation

Senator David Perdue, a member of the Senate Budget and Foreign Relations Committees, on Thursday highlighted the impact the federal debt crisis is having on the country’s ability to support the military and protect the nation.   Here are highlights: Responsibly Funding The Federal Government:  “The primary role of Congress is to responsibly fund the federal ... (click for more)

Department Of Labor And Workforce Development Awards Hamilton County Job Training Grants

Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips announced on Thursday, the department has awarded $50,000 in Incumbent Worker Training Grants to two companies in Hamilton County. Incumbent Worker Training Grants assist employers with upgrading skills to avoid layoffs of their employees. “By helping employers throughout the state provide the ... (click for more)

Federal Judge Rules That Hutcheson Medical Center And Its Trustees Owe Erlanger $36,379,968.20

A federal judge at Rome, Ga., has ruled that the Hospital Authority of Catoosa, Dade and Walker counties and Hutcheson Medical Center are liable to pay Erlanger Health System $36,379,968.20. Judge Harold Murphy, in a 90-page opinion, discarded a counter-claim brought by Hutcheson against Erlanger. He directed that Erlanger be paid $20 million for money it spent while managing ... (click for more)

Bradley County Sheriff Eric Watson Hospitalized; 2 Cleveland Police Officers Injured After Altercation With Man With History Of Assaults

Bradley County Sheriff Eric Watson and two Cleveland Police officers were injured Thursday while intervening in a domestic assault in progress. While driving on 25 th St. N.W. Sheriff Watson witnessed the assault, it was stated. When the sheriff tried to intervene, the man involved in the assault attacked him. During the scuffle the man struck Sheriff Watson numerous times, ... (click for more)

Jill Levine Is An Educational Rock Star

No one has covered the Hamilton County Department of Education drama better than Roy Exum.  Thank you, Roy, but I take issue with your unnamed sources.  Professional jealousy and sour grape darts should not be anonymous.   HCDE is so dysfunctional, and there is good cause to place this public organization under a microscope, dissect it into pieces and discard all ... (click for more)

Roy Exum: Cancer Is Not A Battle

I read a marvelous essay not long ago where the author urged, “Stop telling the lie that cancer is a battle … a battle implies a fair fight, and there was nothing fair about my cancer or the cancer that took the life of my friend. Those experiences were about as fair as getting hit by a car – and nobody says people lose their battles with automobiles.” Mary Elizabeth Williams, ... (click for more)