National Processing Company Releases 2000 Annual Report

Features Wimsett's Letter to Customers, Shareholders and Employees



Apr 02, 2001, 01:00 ET from National Processing Company

    LOUISVILLE, Ky., April 2 /PRNewswire/ -- National Processing Company
 (NYSE:   NAP) (NPC(R)) a leading provider of merchant credit card processing and
 a wholly owned subsidiary of National Processing, Inc. (NYSE:   NAP) today
 released its 2000 Annual Report, which summarizes the Company's record-
 breaking performance and features NPC President and Chief Executive Officer
 Thomas A. Wimsett's letter to customers, shareholders and employees.
     Wimsett's letter describes the people, values and key objectives that are
 at the heart of NPC's performance.  It states:  "2000 marked a year of
 outstanding accomplishment.  Our relentless pursuit of performance and growth
 has allowed us to achieve exceptional financial results, build nationwide
 sales momentum and advance our vision to make NPC a great company and a great
 place to work."  The letter continues to reflect upon what NPC is today:  why
 it works, its values and beliefs and how NPC intends to continue to grow and
 prosper.
 
     The 2000 results described in the annual report include:
     * A 20 percent increase in revenues for Merchant Services
     * Net income up 39 percent to $49 million
     * Earnings per share up 38 percent
 
     About National Processing Company
     NPC is a leading provider of merchant credit card processing.  NPC is
 87 percent owned by National City Corporation (NYSE:   NCC)
 ( www.national-city.com ), a Cleveland based $89 billion financial holding
 company, supporting over 500,000 merchant locations, representing one out of
 every six Visa(R) and MasterCard(R) transactions processed nationally.  NPC's
 card processing solutions offer superior levels of service and performance and
 assist merchants in lowering their total cost of card acceptance through our
 world-class people, technology and service.  Additional information regarding
 NPC can be obtained at www.npc.net .
 
 

SOURCE National Processing Company
    LOUISVILLE, Ky., April 2 /PRNewswire/ -- National Processing Company
 (NYSE:   NAP) (NPC(R)) a leading provider of merchant credit card processing and
 a wholly owned subsidiary of National Processing, Inc. (NYSE:   NAP) today
 released its 2000 Annual Report, which summarizes the Company's record-
 breaking performance and features NPC President and Chief Executive Officer
 Thomas A. Wimsett's letter to customers, shareholders and employees.
     Wimsett's letter describes the people, values and key objectives that are
 at the heart of NPC's performance.  It states:  "2000 marked a year of
 outstanding accomplishment.  Our relentless pursuit of performance and growth
 has allowed us to achieve exceptional financial results, build nationwide
 sales momentum and advance our vision to make NPC a great company and a great
 place to work."  The letter continues to reflect upon what NPC is today:  why
 it works, its values and beliefs and how NPC intends to continue to grow and
 prosper.
 
     The 2000 results described in the annual report include:
     * A 20 percent increase in revenues for Merchant Services
     * Net income up 39 percent to $49 million
     * Earnings per share up 38 percent
 
     About National Processing Company
     NPC is a leading provider of merchant credit card processing.  NPC is
 87 percent owned by National City Corporation (NYSE:   NCC)
 ( www.national-city.com ), a Cleveland based $89 billion financial holding
 company, supporting over 500,000 merchant locations, representing one out of
 every six Visa(R) and MasterCard(R) transactions processed nationally.  NPC's
 card processing solutions offer superior levels of service and performance and
 assist merchants in lowering their total cost of card acceptance through our
 world-class people, technology and service.  Additional information regarding
 NPC can be obtained at www.npc.net .
 
 SOURCE  National Processing Company

RELATED LINKS

http://www.national-city.com