02-11-2004, 11:59 AM
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In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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Quote:
Originally posted by VideoVoyeur
NEW YORK, Feb 11 (Reuters) - InterCept Inc. (NasdaqNM:ICPT - News), which offers banks electronic fund transfer and other services, on Wednesday said it entered a letter of intent to sell its InterCept Payment Solutions merchant services division to its chief executive and others for $37.4 million.
The Atlanta-based company said the purchase price includes cash, a promissory note and assumed liabilities. It said it expects to take a $135 million charge from the sale, prior to tax benefits, for the fourth quarter ended Dec. 31, 2003.
Geexus iBill was 135 Million in the hole and never told anyone?
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