Ballast Point News

BPV Invests in ITC Financial Services

ST. PETERSBURG, FL, January 8, 2004 - BPV today announced it has closed a $3.0 million equity investment in ITC Financial Services, a provider of stored value products and services to consumers and businesses.  Headquartered in West Point, GA, ITCFS provides stored value cards through retail outlets targeting the unbanked, underbanked, immigrant and teen markets.  The Company also delivers debit card-based solutions for electronic payroll and purchasing to employers and their employees.