NEWS

Media Contact:
James Morrris-Lee
609-397-1911
jmorris-lee@morris-lee.com

CR Wolters Saves Employers Money by Offering Card-Based Services that
Reduce Payroll Delivery Costs and Provide Major Discounts for Healthcare

AUGUSTA, NJ, February, 10, 2003 — CR Wolters announced a new range of card-based financial services that offer unprecedented safety, economy and flexibility in the areas of payroll distribution and healthcare.
    “We’ve combined magnetic-stripe cards with state-of-the-art transfer technologies to deliver significant savings in both health-care services and payroll disbursement costs,” says Company President Craig Wolters. “We’ve made it safe. We’ve made it easy. We’ve made it affordable. Our products enhance the lives of individuals and improve the profits of their employers.”

Streamlining salary payments for employers and employees
Writing and mailing paychecks are major expenses for most companies. So is the hassle of replacing lost checks. CR Wolters’ Debit Transfer Card programs slash those costs — and replaces them with security, convenience and enhanced employee loyalty.
    Debit Transfer Cards are especially useful for seasonal or part-time employees, many of whom do not have bank accounts. (Fully 35% of the people living in the U.S. do not.) Prepaid debit cards allow these people to access their pay at an ATM at any time, and to purchase goods at any store that honors debit cards. Employees are no longer forced to carry money — and they no longer have to pay to cash their checks in potentially dangerous areas. Workers can even send money to relatives abroad, transferring the funds automatically from card to card.
    The result is a major gain in personal safety, convenience and dignity for seasonal and part-time employees. And, for little or no upfront investment, employers reap the benefits of a loyal workforce: higher productivity and lower turnover— all of which mean higher profits. To enhance worker loyalty, cards can even be imprinted with company name and logo. And they can be issued with Visa or MasterCard branding.
    One final benefit: parents of teenagers or college students (at home or abroad) can use Debit Transfer Cards to manage their children’s expenditures and eliminate the hazards of credit-card abuse or even the need to balance checking accounts.

Nationwide medical discounts from a network of healthcare providers
Rising costs—a 14 % nationwide increase last year and annual increases of at least that much predicted for the immediate future—have made healthcare benefits prohibitively expensive for many companies. Many more are scaling back their insurance plans — or planning to drop them altogether. What’s more, an estimated 40 million Americans cannot afford health insurance, and untold numbers have inadequate coverage.
    CR Wolters’ new Health Choice Savings Card program addresses both sets of problems. For just $29.95 per month, cardholders receive significant discounts from a nationwide network of healthcare providers — including more than 376,000 physicians, 4,500 hospitals and 40,000 retail pharmacies. Savings average 45% for a doctor’s visit and up to 90% for a hospital stay. Among the services covered in the plan:

• Basic well-care needs — including general family care, internal medicine, pediatrics and OB/GYN
• Specialized services — including cardiology, neurology, surgery, anesthesiology, mental health and hospitalization
• Complementary alternative medicine — which includes more than 133 services such as podiatry, chiropractic care and cosmetic procedures
• Diagnostic testing — including blood workups, radiology, MRI and lab work
• Nurse advisory services — through a 24-hour consulting hotline
• Home health care — including in-home nursing
• Medical equipment and devices

    The Health Choice Savings Card offers significant benefits to both employers and individuals. Organizations — including professional associations and companies of any size — can offer a low- or no-cost health-care plan to members or staff. (The card can be paid for by individuals or their employers. Companies even have the option of sweetening the program by pre-loading each card with electronic “cash” to pay for medical services.) The card eliminates the administrative costs of reimbursements and co-pays, it enhances employee loyalty, and it is an ideal way to cover seasonal or part-time workers who are not otherwise eligible for company health insurance.
    For individuals, the Health Choice Savings Card offers significant protection from spiraling medical costs, especially for people who have no insurance and seniors who have no prescription drug coverage under Medicare. What’s more, the $29.95 monthly fee covers up to 10 people in a single household.

    Based in Augusta, NJ, CR Wolters designs low-cost, secure card-based programs that link best-of-breed electronic-transfer technologies with leading financial and medical service providers.