JC Data Solutions, Inc., a Manufacturer and Distributor of document management systems, announced today that it will provide Automated Clearing House Deposit (ACH) services for a Dallas-area independent energy company engaged in the exploration, production, development and acquisition of crude oil and natural gas.
The software, designed by JCDS for the Oil & Gas Industry, connects existing accounting systems to investor information to easily distribute payments, post investor statements to the web, do email notifications, print checks or statements, joint interest billing or any number of cost-effective data management programs including. One of the major benefits of Electronic Funds Transfer, or EFT, is disbursements to investors in a safe, secure and economical way, compare and contrast to the old method.
Cary Allen, Chief Executive of JC Data Solutions, Inc., said, “This Texas-based company has participated as the Operator in approximately 155 wells through the funding of approximately $139,500,000 in equity capital from its investors. Through our subsidiary company JC eFunds Solutions we provide several key advantages including a consistent direct deposit date for all distribution on a monthly basis as well as significantly reducing the amount of paper used in this process. It will save our customers thousands of dollars in needless expenses and produce a steady stream of recurring revenue for JC Data Solutions. In addition, our strategy is to continue marketing this unique service to many other oil and gas companies throughout the United States.”
About JC Data Solutions
JC Data Solutions provides comprehensive, innovative and cost-effective solutions for digital data processing and management. JC Data Solutions puts client data in digital formats that are easy to manage and store for Healthcare, Attorneys and the Oil and Gas industries.
This press release contains “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are “forward-looking statements” are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release.