FTC Announces the Acquisition of NRI Data & Business Products

In a move aimed at expanding its nucleus of products and solutions, First Technology Capital, Inc. (FTC) of Versailles, KY today announced the acquisition of NRI Data and Business Products (NRI) of Morrisville, PA. NRI is engaged in the sale and distribution of printer and check sorting supplies, information technology hardware products and managed printer solutions. Mr. James L. Bates, President of FTC said, “FTC has for years been primarily engaged in providing banks around the world with solutions for their item and remittance processing needs. This has included new and used equipment, leasing alternatives, data center moves and consolidations, hardware remarketing and business continuity solutions.” Mr. John Ratliff, Senior Vice President at FTC then added, “The addition of NRI affords FTC the opportunity to leverage our strong relationships and national presence to expand NRI from a super-regional provider of supplies, hardware and services into a national provider.”
Mr. Phillip Lanctot, Jr., CEO of the emerging company Aserdiv, Inc. indicated that the sale of NRI provides Aserdiv with a number of opportunities. “The working capital gained by the sale of our supplies, hardware and printer services division will be used to help Aserdiv rapidly grow our current array of high technology professional services,” said Mr. Lanctot. “In addition, one of the reasons we chose FTC as our buyer was that we expect to have a strong working relationship going forward that will enable us to offer a number of project oriented professional services solutions to FTC’s customer base. We also feel that Aserdiv can be instrumental in helping FTC make NRI a national provider of services.”
Details of the acquisition were not disclosed other than the effective date will be April 1st, 2008.      

About First Technology Capital, Inc.

FTC buys, sells, and leases new, used and refurbished banking equipment manufactured by IBM, Unisys, NCR, BancTec and others. As Check 21 continues to change the equipment needs of the financial services industry, so has FTC modified its lease portfolio to better meet those needs. FTC also has a Parts and Engineering business designed to provide manufacturer, equipment refurbishers, third party maintenance companies and end-users with online access to parts needed during maintenance and refurbishment processes. FTC also offers a comprehensive array of Business Continuity Services primarily aimed at the financial services industry. FTC offers state of the art item and remittance processing recovery solutions as well as workarea continuity environments. With facilities in Cherry Hill, NJ, suburban Atlanta, GA and suburban Phoenix, AZ, FTC is well positioned to handle multiple disasters or regional outages.    

Corporate offices are located in Versailles, Kentucky with additional sales and service offices in Chicago, Atlanta, New York, New Jersey, Phoenix, and, Florida.

About Aserdiv, Inc.

Aserdiv, Inc. offers total technology project management with the speed, flexibility, foresight, and resourcefulness to meet your IT project needs. We configure, integrate, and install a broad range of advanced computer hardware, software, network systems, and services. Aserdiv anticipates and manages problems before they arise to dramatically reduce the time and cost associated with missed deadlines and poor communication. We are the partner of choice for companies seeking reduced risk, greater cost reduction, and increased revenue generation from their technology investments.

Corporate offices are located in Springfield, Pennsylvania with additional offices in Morrisville, Pennsylvania and Norwood, Massachusetts.