For More Information Contact:
John Hodgson, Director of Marketing
TROY Group, Inc.
3 Bryan Drive
Wheeling, WV 26003-6121
(304) 232-0899
(304) 232-0996 Fax
www.troygroup.com
Contact:
Myra Erickson, Investor Relations
TROY
Offers New Breakthrough in Disbursement Automation
and Fraud Prevention
Costa Mesa, CA, - November 13, 2008: TROY Group, Inc.,
a worldwide leader in on-demand security printing,
introduces TROY Secure CheckFlow Enterprise, the most
advanced workflow solution for financial disbursements.
TROY Secure CheckFlow Enterprise offers financial services
companies important cost savings as well as the benefits
of operational efficiency including industry-leading
workflow automation, real-time fraud monitoring and
prevention, and simplified IT systems management.
In order to meet the workflow needs of multiple departments,
most enterprise organizations are forced to maintain
outdated check disbursement processes, manage redundant
systems, or compromise workflow automation. TROY Secure
CheckFlow Enterprise is built on the industry leading
SharePoint platform from Microsoft, providing proven
reliability and offering the ultimate in flexibility
to automate disbursement workflows in every department – without
operational compromise.
“Providing a single solution to meet the disbursement needs throughout
the enterprise is a big step forward in efficiency and cost savings for financial
services companies,” states Larry Landtiser, Executive Vice President
and General Manager for TROY. “Our newest software solution, TROY Secure
CheckFlow Enterprise, offers the operational efficiencies the industry needs
as well as new risk management features to help tackle today’s fraud
challenges.”
The security offered by TROY Secure CheckFlow Enterprise
surpasses other commercially available disbursement
solutions. Unique capabilities include real-time
positive pay, KPI analytics dashboards, custom fraud
detection rules with real time alerts, and full support
for the broad range of printer-based TROY security
features. These new capabilities greatly enhance
the risk management tools available to loss prevention
managers.
“Upon seeing our new solution, customers immediately understand the cost
savings they will realize in both operations and IT," said David Altfeder,
Vice President of Software Development for TROY. “Operations Managers
comment that they can cut real cost from outdated disbursement processes while
improving customer service; while IT managers tell us that they appreciate
the stability of Microsoft® SharePoint and can see the benefits of maintaining
only one system.”
TROY Secure CheckFlow Enterprise, available for sale
this month, will be demonstrated at the upcoming BAI
Retail Delivery Conference in Orlando which opens on
November 18.
About TROY Group
TROY Group, Inc. (“TROY”) is a worldwide
leader of secure on-demand printing solutions. TROY
solutions manage, secure and simplify end-to-end enterprise
printing environments. TROY offers application software,
security printing hardware and specialized consumables
for securely printing checks, money orders, transcripts,
prescriptions and other important documents. TROY solutions
are used by small and medium size businesses as well
as large enterprises and governmental organizations
to manage fraud, operational risk and comply with government
regulations related to protecting information privacy.
As a Gold Solutions Partner to Hewlett Packard, TROY
is the only company in the world authorized by HP to
enhance HP printers and consumables for use in secure
printing workflows. Only TROY MICR and Security printers
and HP compatible MICR Toner cartridges are certified
by Hewlett Packard for quality and reliability. We
sell and service our products to major corporations,
banks, key government accounts and distributors worldwide. Visit
TROY at www.troygroup.com
Forward-looking statements of TROY (statements that
are not historical fact) in this news release are made
pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements may be identified by terms such as believe,
expect, may, will, estimate, could and should, and
the negative of these terms or other similar expressions.
These statements are subject to risks and uncertainties
that could cause actual results to differ materially
from those discussed in the forward-looking statements.
These risks and uncertainties include, but, are not
limited to, the ability to develop new products, the
ability to hire and retain qualified management, technology
and other personnel, the impact of competition from
existing and new technologies and companies and the
other factors set forth in our periodic reports and
other documents that we distribute from time to time
which are available in our financial statements under
certain important factors on our website TROYgroup.com
or pinksheets.com. Statements included in this news
release are based upon information known to TROY as
of the date of this release, and TROY assumes no obligation
to update information contained in this news release.
Note to Editors: TROY is a registered trademark of
TROY Group, Inc. Hewlett-Packard is a trademark
of Hewlett-Packard, Inc. All other trademarks
are property of their respective holders.
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