Chockstone Inc.

Chockstone Expands Board of Directors with the Addition of David Shuman January 24, 2005 09:01 AM Eastern Standard Time PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 24, 2005--Chockstone, Inc., a leader in stored value, loyalty and transaction processing for national retailers, today announced the addition of David Shuman to its board of directors. Mr. Shuman is a Partner of Bridger Capital LLC, a New York based investment fund with over $1 billion in capital, and is responsible for the firm's media and communications investments. As an active investor in several technology companies, including Spinner.com (acquired by AOL) and SupplierMarket.com (acquired by Ariba), Mr. Shuman brings valuable experience to Chockstone during a phase of rapid growth. Mr. Shuman also serves as a Director of JRG Software and Sesac, and serves as a member of the Global Advisory Board for Endeavor, a not for profit dedicated towards stimulating economic development in emerging markets through venture capital. “I was attracted to Chockstone due to the people and technology. Chockstone's value proposition has already been proven with several national retailers who have experienced cost effective increases in customer frequency” Tweet this "David's experience and judgment will be invaluable to the future of Chockstone," said Jeffrey Lipp, CEO and President, Chockstone. "I very much look forward to his input in the boardroom." "I was attracted to Chockstone due to the people and technology. Chockstone's value proposition has already been proven with several national retailers who have experienced cost effective increases in customer frequency," said David Shuman. "I look forward to contributing in their emergence as a leader in the payments processing industry." About Chockstone, Inc. Chockstone is the Technology Behind Stored Value(TM). A leader in stored value, loyalty and transaction processing, Chockstone operates card-based programs for national retailers seeking to differentiate their gift card programs. Chockstone offers retailers Single Swipe(TM), the most innovative gift card program available in the market. Through POS, Web & Kiosk environments, Single Swipe(TM) combines gift card usage, customer loyalty programs and targeted marketing campaigns for retailers and their consumers. Single Swipe(TM) is currently motivating millions of consumers to increase their visit and purchasing frequency at many of the nation's largest retailers. To learn more about how Chockstone has transformed everyday transaction processing data into valuable business intelligence, please visit www.chockstone.com or call 503-227-7600. Contacts Chockstone, Inc. Drew Klonsky, 503-227-0098 drew@chockstone.com