USIO - Usio to acquire assets of Information Management Solutions

Usio (USIO) to acquire the assets of Information Management Solutions (or IMS), an established provider of electronic bill presentment, document composition, document decomposition and printing and mailing services.The acquisition is expected add new utilities, telecom, and financial institution customers to support key growth initiatives.CEO and President Louis Hoch comments: “We are pleased to announce that we have entered into a non-binding LOI to acquire IMS. We expect that the acquisition of IMS will not only be immediately accretive, but when and if closed, will also be highly synergistic, creating opportunities to cross and up-sell Usio’s core Payment Facilitation, Prepaid and ACH services to the IMS customer base through the integration of Usio’s proprietary technology, including bill payment. Furthermore, it will provide Usio a means to re-enter the EBPP industry, one which we were the dominant leader as Billserv, from 1998-2003. In addition, IMS broadens the scope of services currently being offered to the

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Usio to acquire assets of Information Management Solutions