Pipeline Data Acquires PayPassage

Press Release Source: Pipeline Data Inc. Pipeline Data Acquires PayPassage On Monday May 11, 2009, 9:35 am EDT ALPHARETTA, Ga.--()--Pipeline Data Inc. (OTCBB:PPDA), a leading provider of merchant payment processing services, recently announced that it has completed the acquisition of PayPassage, Inc. PayPassage is a full service credit card processing solution offered to U.S. merchants in the retail, wholesale, mail/phone order, commercial and e-commerce space. The former owners of PayPassage originally owned Paynet Systems, Inc., another s
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Pipeline Data Appoints New Chief Financial Officer, Executive Vice President

Press Release Source: Pipeline Data Inc. Pipeline Data Appoints New Chief Financial Officer, Executive Vice President On Thursday May 7, 2009, 3:15 pm EDT ALPHARETTA, Ga.--()--Pipeline Data Inc. (OTCBB:PPDA) – Randy McCoy, President and CEO of Pipeline Data, recently announced that Chris Anderson has joined the company as its Executive Vice President and Chief Financial Officer. In his role, Anderson will be responsible for all of the company’s financial and administrative operations, including Finance, Accounting, Treasury, Tax
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Pipeline Data Completes Financial Restructuring, Change of Control and $15 Million Equity Investment

(OTCBB:PPDA) Pipeline Data, Inc. Press ReleaseSource: Pipeline Data Inc. Pipeline Data Completes Financial Restructuring, Change of Control and $15 Million Equity InvestmentMonday February 23, 9:30 am ET QUINCY, Mass.-Pipeline Data Inc., a provider of payment processing solutions and services, announced that on February 17, 2009 it completed restructuring agreements with its convertible noteholders, as well as with the holders of a $16 million put claim against the Company. The transaction was led by The ComVest Group . Under the terms of the transaction, the current $37 million, 8% coupon convertible notes due June 29, 2010 have been restructured to a $42.1 million loan, with a 10% coupon until June 30, 2010 and a 14% coupon until Jun
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Pipeline Data Announces Financial Restructuring, Change of Control and $15 Million Equity Investment

(OTCBB:PPDA) Pipeline Data, Inc. Press ReleaseSource: Pipeline Data Inc. Pipeline Data Announces Financial Restructuring, Change of Control and $15 Million Equity InvestmentWednesday February 4, 9:53 am ET QUINCY, Mass.-Pipeline Data , a provider of payment processing and services, recently announced that it has entered into restructuring agreements with its convertible noteholders, as well as with the holders of a $16 million put claim against the Company. The transaction was led by The ComVest Group . Under the terms of the transaction, the current $37 million, 8% coupon preferred convertible notes due June 29, 2010 will be restructured as a $42.1 million loan, 10% coupon until June 30, 2010 and a 14% coupon until June 30, 2011. The Company will
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