TSYS® Named Hot Growth Company by BusinessWeek Magazine
Transaction Processing Company listed Among Famous-name Retailers, Technology Companies
Columbus, Ga., June 11, 2001 — TSYS (NYSE: "TSS") today announced its ranking by BusinessWeek magazine in its June 11 issue as one of 100 Hot Growth Companies. A company's selection is based on its performance in three areas: three-year results in sales growth; earnings growth; and return on invested capital. To qualify from the pool of 10,000 publicly traded companies, a company must have annual sales of more than $50 million and less than $1.5 billion, a current market value greater than $25 million, a current stock price greater than $5, and be actively traded.
The list includes well-known retailers like Abercrombie and Fitch and American Eagle, as well as several technology companies, pharmaceutical companies and one airline.
TSYS President Philip W. Tomlinson said, "It is just super to be named to BusinessWeek's Hot 100 Growth Companies listing. Our goal everyday is to be a leader in our industry, and we believe we have achieved that distinction. But recognition like this is especially nice because it is so unexpected and it says we are a leader in any industry. I am proud of TSYS and the team of people here who make recognition like this possible."
Top 100 Best Small Companies Synopsis
|
Sales Growth |
Three Years |
Return on Capital |
|
|
Top 100 |
+ 42.4% |
80.7% |
20.3% |
|
S&P |
+11.5% |
15.6% |
9.3% |
|
TSYS (#76) |
+19.9% |
22.1% |
19.2% |
TSYS brings integrity and innovation to the world of electronic payments. TSYS serves as the integral link between buyers and sellers in the rapidly evolving universe of electronic payments. With almost 200 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, chip and retail cards anytime, anywhere through any medium or portal. TSYS and its family of companies offer a full range of acquiring and issuing services from accepting electronic payments for goods and services, to credit applications, bankruptcy and collections. Based in Columbus, Ga., TSYS
(NYSE: "TSS") processes for 21 countries, in 11 currencies, in three languages and maintains operations in Canada, Mexico, Japan and the United Kingdom. TSYS is an 80.8 percent-owned subsidiary of Synovus Financial Corp. (NYSE: "SNV") (www.synovus.com), No. 8 on FORTUNE magazine’s list of "The 100 Best Companies To Work For" in 2001. For more information, contact news@tsys.com.
Contacts:
Kimberly Knight
Sr. Communications Specialist
ph. 706.644.1218
kiknight@tsys.com
Leo S. Berard Manager
Investor Relations
ph. 706.644-6081
leoberard@synovus.com