BACKGROUND OF THE COMPANY

1973	Larry Schwartz and Pearl Sax, founders and directors of CHECKS BY PHONE^®and CHECKS BY WEB^®, founded National Order Systems, one of the first three large 800 number services, built it to 500 operators and 400 clients to whom they transmitted millions of orders and payments.
1974-82	To protect their clients, they created highly effective fraud-control, chargeback and loss prevention techniques and databases that are built into CHECKS BY PHONE^® and CHECKS BY WEB^®.
1978	Acquired 35 year old catalog company, Numismatic Collectors Guild; doubled sales in 3 years.
1982	Sold both companies to a Wall Street group; founded publishing and consulting company, Fraud & Theft Information Bureau^®, specializing in credit card and check fraud control and loss prevention manuals and data bases, chargeback prevention, security for payments and providing consulting services worldwide.
1983-93	Published monthly Fraud & Theft Newsletter; edited monthly column for DM News. Provided consulting services for AT&T, General Foods Direct Marketing Division, Colonial Penn Life Insurance, Prodigy, Boardroom Reports, many others.
1986	Began research and testing for CHECKS BY PHONE^®in many industries. Check drafting had previously been used only in insurance industry, even though it has been a part of the Federal Reserve system for 25 or more years.
1990	Introduced CHECKS BY PHONE^®nationally, with automated features and options to meet the payment needs of every type of business and organization.
1992	Installed state-of-the-art Check Processing Center in giant Northern Trust Building, Boca Raton, Florida.
1994	Introduced CHECKS BY WEB^®for Internet advertisers, expanded total check processing capacity to $8 billion a year.
1997	Expanded services to allow clients to accept check transactions from all over the world.  Client base increased to 1500 companies in 40 industries.
1998 to present	Developed super-secure automated and encrypted Internet order form that permits instant payment information to flow directly to the CHECKS BY PHONE^® and CHECKS BY WEB^® Processing Center.  This form and all publications and databases published by the Fraud & Theft Information Bureau^® are available at http://www.fraudandtheft.com/.

Mr. Schwartz and Ms. Sax have appeared as experts on credit card and check safety on the Oprah Winfrey Show, Good Morning America and dozens of other radio and TV programs. They have spoken at numerous industry conventions and meetings, have written articles for many industry publications, and have authored manuals and databases for the Fraud & Theft Information Bureau ^®.

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