Parcxmart Technologies Bolsters Sales Operations

Parcxmart Technologies, Inc., an electronics payments company, today announced that it has reorganized and expanded its sales operations.
Gerard Kiley has been promoted to Vice President of Strategic Business Development. Joining the company as Western Regional Sales Manager is Charles Peterson. Both he and Eastern Regional Manager Robert Bartley report directly to John Regan, President and CEO.

As we grow, we need to be responsive to the needs of cities and our strategic partnerships, says Regan. The new organization increases our sales and service coverage and provides us with a closer working relationship with our existing and potential strategic partners.

The Regional Sales Managers are responsible for managing all sales of Parcxmart Technologies projects to local municipalities and local merchants, while working closely with Heartland Payment Systems, which has exclusive rights to sell Parcxmarts payment system to merchants nationally. Heartland Payment Systems, Inc., (HPY), delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide.

As Western Regional Sales Manager, Peterson will operate out of offices in Durango, Colorado. Prior to joining Parcxmart Technologies, Peterson was a Managing Director, Capital Markets, with Bovaro Partners, an independent investment and merchant banking partnership. Prior to Bovaro Partners, he spent 17 years in the investment management industry, starting his career with T. Rowe Price Associates, and then later as a Senior Vice President for Investment Counselors of Maryland. Peterson received his B.A. in Psychology from the University of Virginia.

About Parcxmart Technologies Inc.

Parcxmart Technologies Inc. is an electronics payment company specializing in small-dollar transactions. The Parcxmart Card and patent-pending payment solution is America's first fully functional parking and local merchant smart card payment system. The platform uses smart card technology that offers a convenient one-card alternative to coins and cash for small dollar transactions. The Parcxmart Card can be used at on-street and off-street parking locations as well as for retail purchases at participating merchants.
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