PADUCAH, Ky., April 25, 2011 /PRNewswire/ -- Computer Services, Inc. (CSI) (OTCQX: CSVI) announced today that Paul Koziarz has joined CSI as Vice President-Corporate Development Officer (CDO), a newly created position.
"The addition of the new executive position of Vice President-Corporate Development Officer is part of our Strategic Growth Initiative to seek potential opportunities to grow the company through selective acquisitions and technology investments," stated Steve Powless, Chief Executive Officer. "The addition of Paul Koziarz as our new CDO will strengthen our executive management team while focusing on acquisition opportunities that are intended to accelerate CSI's future growth potential.
"Paul joins CSI with significant experience in the financial services industry. He has served as President of a company focused on financial management and decision support systems, and as a consultant, in which he has provided guidance to CSI for a number of years. As CDO, Paul will work directly with me to establish strategy, identify opportunities, and help manage those opportunities once we have acquired them.
"CSI has a successful track record of acquisitions that has been key to expanding its products, services and support in communications; regulatory and compliance; document imaging; print, mail and electronic distribution; and in-house banking platforms. One of our challenges is to look for opportunities to acquire excellent companies with strong management already in place. Acquiring well-run companies has been a key part of CSI's growth over the past 10 years. We remain very active in seeking new acquisition targets and look forward to Paul's leadership in building CSI's pipeline of acquisition candidates. We believe that will allow us to further leverage our existing businesses and add complementary products and services," concluded Powless.
Koziarz has spent more than 25 years in the financial services industry. He was President of Financial Technology, Inc. (FTI), a Chicago-based company that provided financial management and decision support systems to more than 2,000 banks worldwide. Paul was also a Vice President with HNC Software in San Diego, focused on growing the Community Bank business segment for its profitability and analytics solutions. Most recently, he has been consulting with clients on business development and process improvement within the financial industry. Koziarz has a Bachelor of Science degree in Finance and an MBA degree, both from Southern Illinois University.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world-class customer service explain why CSI is known as one of the nation's premier providers of technology solutions for the financial services industry. CSI's stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements except historical statements contained herein constitute "forward-looking statements." Forward-looking statements are inherently uncertain and are based only on current expectations and assumptions that are subject to future developments that may cause results to differ materially. Readers should carefully consider: (i) economic, competitive, technological and governmental factors affecting CSI's operations, customers, markets, services, products and prices; and (ii) other factors discussed in CSI's Information and Disclosure Statements and other documents posted from time to time on the OTCQX website, including without limitation, the description of the nature of CSI's business and its management discussion and analysis of financial condition and results of operations for reported periods. CSI undertakes no obligation to update, and is not responsible for updating, the information contained in this release beyond the publication date, whether as a result of new information or future events, or to conform the statement to actual results or changes in CSI's expectations, or otherwise or for changes made to this document by wire services or Internet services.
SOURCE Computer Services, Inc.