-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L972eKbUkcCL/gASW2xYlByBqT7pa1ZEGdxsoFMAclVIELnK97lwqTJ1ATDrnmzk IQ/SK+e9GnhTFpdIUOR1Ew== 0001015402-04-002910.txt : 20040714 0001015402-04-002910.hdr.sgml : 20040714 20040714165858 ACCESSION NUMBER: 0001015402-04-002910 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040712 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040714 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRONIC CLEARING HOUSE INC CENTRAL INDEX KEY: 0000721773 STANDARD INDUSTRIAL CLASSIFICATION: FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099] IRS NUMBER: 930946274 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15245 FILM NUMBER: 04914316 BUSINESS ADDRESS: STREET 1: 28001 DOROTHY DR CITY: AGOURA HILLS STATE: CA ZIP: 91301-2697 BUSINESS PHONE: 8187068999 MAIL ADDRESS: STREET 1: 28001 DOROTHY DRIVE CITY: AGOURA HILLS STATE: CA ZIP: 91301 FORMER COMPANY: FORMER CONFORMED NAME: BIO RECOVERY TECHNOLOGY INC DATE OF NAME CHANGE: 19860122 8-K 1 doc1.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 12, 2004 ELECTRONIC CLEARING HOUSE, INC. ------------------------------- (Exact name of registrant as specified in its charter) NEVADA 0-15245 93-0946274 - ----------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 730 Paseo Camarillo, Camarillo, California 93010 ----------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (805) 419-8700 ------------------------------------------------------------------ (Former name or former address, if changes since last report) ITEM 5. OTHER EVENTS On July 14, 2004, the Registrant issued a press release announcing the appointment of Mr. Field. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by this reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits Exhibit Number Description of Document ------ ----------------------- 99.1 Press release issued and dated July 14, 2004. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ELECTRONIC CLEARING HOUSE, INC. (Registrant) By: \s\Alice Cheung ------------------------------ Alice L. Cheung, Treasurer & Chief Financial Officer Dated: July 14, 2004 EXHIBIT INDEX ------------- Exhibit Number Description of Document - ------ ----------------------- 99.1 Press release issued and dated July 14, 2004. EX-99.1 2 doc2.txt EXHIBIT 99.1 ECHO Electronic Clearing House, Inc., FOR IMMEDIATE RELEASE --------------------- ELECTRONIC CLEARING HOUSE (ECHO) APPOINTS RICHARD FIELD AS BOARD MEMBER CAMARILLO, CALIF., JULY 14, 2004 - Electronic Clearing House, Inc. (NASDAQ: ECHO), a leading provider of electronic payment and transaction processing services, today announced that Richard Field has been appointed a member of the Board of Directors. Mr. Field brings to ECHO more than 35 years of experience in the financial services industry as an executive for The Bank of New York, Chase and Citigroup. In 1997, Mr. Field retired from The Bank of New York ("BONY"), where he had created a centralized marketing division and worked his way up over 19 years to Executive Vice President in charge of Retail Banking, subsequently joining BONY's Management Committee as Senior Executive Vice President. During his tenure at BONY, the Bank grew from a mid-sized regional player to one of the nation's premier performers in terms of earnings growth, market capitalization and expense efficiency. Under Mr. Field's direction, BONY's branch network expanded to become the largest in suburban New York. Since retiring, Mr. Field was a founding director of LendingTree, an innovative and successful lending and realty services exchange, which allows consumers to receive competitive loan offers over the Internet. In addition, in 2002, Mr. Field joined the boards of Providian Financial Corporation and HSPC, the latter of which was sold to General Electric in January of 2004. Joel M. Barry, Chairman and CEO of Electronic Clearing House, Inc., commented, "We are extremely happy that Dick has agreed to join our Board. While at The Bank of New York, Dick engineered the growth of its formerly modest credit card subsidiary into one of the top ten issuers in the U.S. and was subsequently elected to MasterCard's Executive Committee and Chairman of its U.S. board. We believe he will be of immense value in our effort to grow and increase the profitability of our credit card and check processing businesses." Mr. Field said, "This is an exciting time for ECHO as it builds its check services business. ECHO has developed a portfolio of innovative products and technology, which provide a great value proposition to merchants and banks. I look forward to contributing to the development of the Company's marketing strategy to help build ECHO into a leading check and credit card processor." ABOUT ELECTRONIC CLEARING HOUSE, INC. (ECHO) Electronic Clearing House, Inc. provides a complete solution to the payment processing needs of merchants, banks and collection agencies. ECHO's services include debit and credit card processing, check guarantee, check verification, check conversion, check re-presentment, and check collection. For more information about ECHO, please visit www.echo-inc.com. ---------------- SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Examples of forward-looking statements included in this press release include the potential for growth and increased profitability of ECHO's credit card and check processing businesses. Potential risks and uncertainties that may cause actual results to differ materially include, but are not limited to, such factors as fluctuations in demand for the Company's products and services, the introduction of new products and services, the Company's ability to maintain customer and strategic business relationships, technological advancements, impact of competitive products and services and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. Media Contact: -------------- Donna Rehman, Corporate Secretary Crocker Coulson, Partner 805-419-8533 Coffin Communications Group Electronic Clearing House, Inc., 818-789-0100 Camarillo, Calif. E-MAIL: crocker.coulson@coffincg.com URL:http://www.echo-inc.com ---------------------------- --------------------------- E-MAIL: corp@ECHO-inc.com ----------------- # # # -----END PRIVACY-ENHANCED MESSAGE-----