BancTec Signs Document Solutions Distribution Agreement With CTCEgypt
By Banctec Inc., PRNEMonday, May 24, 2010
LONDON, May 25, 2010 - BancTec, Inc., a global provider of advanced, high-volume, document and
payment processing solutions and services, has signed a distribution
agreement with City for Trading and Contracting Egypt (CTCEgypt), a leading
vendor and servicer of technology, office and banking equipment throughout
Egypt. The agreement covers the distribution of BancTec's highly acclaimed
IntelliScan(R) and E-Series high-speed document scanning and sorting
transports.
"CTCEgypt is a fast growing provider of banking and office automation
solutions in Egypt," said Darren Riley, sales manager, EMEA Growth Markets,
BancTec. "Their commitment to customer service and deep market knowledge,
along with BancTec's proven document processing solutions, will help meet
demand from Egypt's business and government sectors."
"BancTec's content and document processing solutions have successfully
served some of the largest and most complex organizations in the world," said
Mahmoud Abd Allah, managing director, CTCEgypt. "This partnership will enable
us to deliver proven, leading-edge solutions for our clients' document
automation efforts. We look forward to pursuing new opportunities through
this relationship."
About CTCEgypt
CTCEgypt is a fast growing Egyptian company, specializing in selling and
servicing the latest high tech and office and banking equipment as a system
integrator for complete solutions. CTC was established in 2000 and currently
has a staff of 70 employees. For more information, please visit our website,
www.ctcegypt.com, email city@ctcegypt.com, or call +2010-010-36-36.
About BancTec:
BancTec helps clients around the world simplify the process of managing
their information. Founded in 1972, the company provides a wide range of
solutions for automating complex, high-volume and data-intensive business
processes for clients in the financial services, healthcare, manufacturing,
government, services and utilities industries. BancTec's offerings include
business solutions, business process outsourcing, and infrastructure
services. With headquarters in Dallas, BancTec serves clients in 50
countries. For more information on how BancTec can help you optimize
information management, visit www.banctec.co.uk or call
+44(0)1753-778888.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively
relate to historical facts are "forward-looking statements" describing
BancTec's objectives, targets, plans, strategies, costs, anticipated capital
expenditures and expected cost savings. These statements represent BancTec's
intentions, plans, expectations and beliefs, and are subject to risks,
uncertainties and other factors, many of which are outside the Company's
control. These factors could cause actual results to differ materially from
such forward-looking statements. For a written description of these factors,
see the section titled "Risk Factors" in the Company's Registration Statement
on Form S-1, as amended, initially filed with the Securities and Exchange
Commission on August 8, 2007. The Company disclaims any intention or
obligation to update these forward-looking statements whether as a result of
subsequent events or otherwise except as required by law.
James Silcock of BancTec Ltd., +44-1753-778813, james.silcock at banctec.co.uk
Tags: Banctec Inc., Egypt, London, May 25, Western Europe