May 15, 2006
Las Vegas, NV - SellingSource.com has made a $5 million investment as part of a new joint venture with eCommLink, Inc. Also as part of the venture, SellingSource.com is pleased to announce the formation of a new management team for eCommLink.
Derek LaFavor, CEO of SellingSource.com is named the CEO for eCommLink. LaFavor has added to the team Wayne Anderson, Chief Marketing Officer, Dan Penn Chief Financial Officer and Don Barbacovi VP Sales & Business Development.
"This is a top flight executive team that I have worked with and trust to deliver the systems and revenue necessary to transform eCommLink into a leading payment processor both domestically and internationally" stated LaFavor. "Wayne Anderson was a card processing pioneer, integrating credit and debit payment systems into retail POS, and Don Barbacovi has spent his career creating and marketing card products. This is a strong team and one that is focused growing the company with new creative products and services that will meet the needs of a new generation of card issuers."
SellingSource.com is a leading U.S. technology marketing company that focuses on the specialty finance sector. eCommLink, a technology development company, created one of the most feature-rich, comprehensive technology platforms in this country's stored value marketplace.
"We expect to leverage the software, technologies and services to enhance card development, marketing and delivery for eCommLink customers. The ability of the combined company resources to assist our customers in the delivery of successful card programs provides us with a significant competitive advantage," stated LaFavor.
SellingSource.com (www.sellingsource.com) is the industry-leading developer of technology driven marketing solutions for the online specialty finance marketplace. Since 1997, the firm has developed companies that deliver systems focused on each client's unique requirements, ensuring that the best possible solution is delivered to maximize financial performance and provide an uncomplicated online sales experience. SellingSource.com's unique approach to corporate development ensures that each company remains focused on developing, selling, and supporting customer solutions, while SellingSource.com provides consistent infrastructure, leadership, and financial stability for continued growth.
eCommLink, Inc. (www.ecommlink.com) enables program managers and financial institutions to maximize revenue from their prepaid debit programs. The Company’s flexible prepaid processing platform, innovative features and industry experience allows clients to create customized prepaid programs for their specific markets while ensuring quality, security and time to market. eCommLink supports the full array of prepaid debit programs, including general spend, payroll, teen, gift, travel, government and loyalty cards.
