Checkmate Completes Chain-Wide Roll Out at Goody's Family Clothing

Business Wire, Jan 7, 1997

ROSWELL, Ga.--(BUSINESS WIRE)--Jan. 7, 1997--Checkmate Electronics, Inc. (NASDAQ-NMS Symbol:CMEL) today announced completion of shipment of a chain-wide roll out of Checkmate's CMR 430 universal check reader in the Goody's Family Clothing Stores.

Goody's Family Clothing vice president of store operations, Lynn Youngs, said: "The Checkmate solution was chosen over competitive options after extensive testing! We liked the multi-platform connectivity ability, MICR line reading accuracy, product durability and the ease of migration offered by Checkmate."

"Goody's Family Clothing's primary objective is to enhance our customer service. Under this system, our customers' buying experience becomes much faster, which is critical during heavy business periods such as the recent holiday season."

Checkmate's president and chief executive officer, Jerry P. Malec, said: "Checkmate is pleased to have Goody's Family Clothing as a partner. We have developed our universal check reader technology to meet the needs of sophisticated multiple point-of-payment environments. Companies like Goody's Family Clothing continue to challenge us in new product development and price/performance. It is customers like these that help us maintain the leading position in this marketplace."

Checkmate Electronics, Inc. develops, manufactures and markets point-of-sale payment automation systems and terminals, including check readers, payment authorization systems, signature capture devices and MICR analyzers to distributors, retailers, and financial services institutions. Headquartered in Roswell, Checkmate Electronics, Inc. has over 175 employees.

CONTACT: Checkmate Electronics, Inc.

John J. Neubert, COO/CFO/Senior Vice President

770/594-6000