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Although the requirement of a transfer agent to maintain accurate shareholder records and to record the transfer of share information and certificate status is well defined, there has never been a process, procedure, or program defined as the "standard" way to address the requirements. Some transfer agents still use hand written journals in conducting their business while many more use spreadsheet technology to keep transfer data in electronic form. Most transfer agents license the use of software systems written 30 or 40 years ago and modified slightly to run on modern computer technology. The systems are expensive to license, cumbersome to work with, and very inflexible in providing information structured the way the issuer would like it. Transfer agents license these systems because they are out there, because the transfer agent across town and in the next state use it, and because they do not have the resources or time to develop anything better. The costs for the system is charged out to the clients and the issuer client must accept a "what you see is what you get" service. The reality is that the client deserves better and that is exactly what our stock transfer services are designed to provide. We can do this because all of our services are structured around our proprietary Stock Transfer Management System (STMS) software that utilizes state of the art database technologies running on latest technology hardware platforms. Since our first production version in 1990, the STMS system has evolved to include virtually all of the capabilities requested by our issuer clients and various securities agencies. In addition, since the STMS system is not subject to the monumental maintenance burden of the older systems, our services can be provided at a fraction of the cost of our competitors. Key Benefits
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