IRVING, Texas, June 23, 2015 (GLOBE NEWSWIRE) -- Excel Corporation (OTCQB:EXCC), a leading provider of integrated financial and transaction processing services to small and medium size businesses throughout the United States today reported that it recently named merchant cash advance industry veteran, Bret Martin, as President of its wholly-owned subsidiary, Excel Business Solutions Inc., which will do business as Mom & Pop Merchant Solutions. Since 2008, Mr. Martin has founded and run several successful companies in the merchant cash advance, transaction processing, Independent Sales Organization (ISO) development and training businesses. As a leading provider within the merchant cash advance industry, Mr. Martin has placed millions of dollars in aggregate cash advances over that period. Prior to entering the merchant services and merchant cash advance industries, Mr. Martin built a large U.S. mortgage brokerage firm which he sold in 2006.
"In addition to his current merchant cash advance ISO relationships, Bret has previously built several large, national distribution networks, both in the merchant cash advance and transaction processing market segments," stated T. A. "Kip" Hyde, Jr., CEO and President of Excel Corporation. "Bret brings a broad perspective and deep experience to building our own merchant cash advance sales organization and will play a key role in developing our distribution capabilities in this important business segment."
Martin added, "The transaction processing merchant services that Excel provides to its customers go hand-in-hand with providing these same customers much needed financing flexibility that they just can't get with many banks today. Businesses of all sizes, especially small and medium size businesses (SMBs) need capital to grow and we can help provide them with the money they need to achieve their goals. I am excited to be joining the Excel team and leveraging their dynamic customer base and national sales infrastructure to help serve the financial needs of the SMB marketplace."
About Excel Corporation
Headquartered in Irving, Texas, Excel Corporation provides integrated financial and transaction processing services to merchants throughout the United States. Through Securus Payments, Excel is a single source provider for virtually all types of merchant payment processing, including the new Apple Pay mobile payment and digital wallet service from Apple Inc. For more information, go to www.securuspayments.com . Through Mom & Pop Merchant Solutions, Excel provides merchant cash advance products to its small and medium size business customers needing capital to grow. Go to www.mpbusinessfunding.com . Excel operates as a national ISO and Member Service Provider ("MSP"), using its own direct sales and marketing teams and fully integrated customer relationship management systems to promote and support its thousands of merchant customers. With over 160 employees and a nationwide network of independent sales representatives, Excel is one of the largest ISO/MSP companies in the United States.
Excel Corporation common stock is traded Over-The-Counter under stock symbol: EXCC. Additional information about the Company can be found at www.ExcelCorpUSA.com .
All statements from Excel Corporation in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Company's control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
Investors & Analysts Contact: Robert L. Winspear Chief Financial Officer 972.476.1000
