Calpian, Inc. Appoints Chris Anderson President of Calpian Commerce, Inc.

  • Anderson, former president of the cash and logistics division of Fiserv, takes the helm
  • Tesmer steps down as COO of Calpian Commerce

DALLAS--()--Calpian, Inc. (OTCQB: CLPI), a global mobile payments technology and processing company, announced the appointment this week of Chris Anderson as president of its subsidiary Calpian Commerce, Inc., effective immediately. Anderson previously served as chief financial officer of Calpian Commerce, a role he held since September 2013, in addition to SVP of finance for Calpian, Inc., a title he will retain in his new role.

As president of Calpian Commerce, all sales, operations, development, information technology, finance, underwriting, risk management, and human resource functions now report to Anderson. In this role, Anderson reports directly to Harold Montgomery, CEO of Calpian, Inc., but remains based at Calpian Commerce’s headquarters in the Atlanta area.

“Chris’ appointment to president recognizes his continued leadership in instituting growth initiatives at Calpian Commerce and in streamlining company operations,” Montgomery said. “Chris has played a key role in important strategic actions, including the consolidation of operations from New York to the Atlanta area, the complete re-building of the corporate finance function, and the professionalization of Calpian Commerce’s sales and marketing efforts. His proven ability to lead the implementation of our business strategies will continue to be important in creating shareholder value.”

During the last 22 years, Anderson has served in a variety of executive positions and functional leadership roles in key C-Level businesses in the United States and Europe, including assignments at Fiserv, where he served as president of the international cash and logistics division, Fair Isaac, CheckFree, Deloitte & Touche, and Cynergy Data.

Anderson is a Summa Cum Laude graduate in Managerial Economics from the University of California and is a Certified Public Accountant. Anderson and his family reside in Atlanta. He enjoys the outdoors, is an avid hiker, and recently completed a 50-mile ultra marathon.

Tom Tesmer, former COO of Calpian Commerce, simultaneously announced his resignation, leaving the company for personal reasons.

About Calpian, Inc.

Calpian, Inc. is a global mobile payments technology and processing company offering mobile payment services through Indian subsidiary Money-On-Mobile and domestic transaction services through Calpian Commerce, Inc. Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one cell phone to another using simple SMS text functionality. Calpian Commerce, Inc. offers customers innovative solutions such as Apple Pay, cutting edge tablet technology, mobile and pay at the table solutions, eCommerce and most importantly, fraud protection. Its payment processing solutions are driven by customer needs, understanding that every merchant account is different, delivering a broad range of products, services and solutions to customers for face to face, online or payment on the go. For more information, visit www.calpian.com or www.calpiancommerce.com.

Note to Investors:

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on August 11, 2014. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Any forecasts that are provided by management in this presentation and are based on information available to us at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products.

Contacts

Investor Contact
ProActive Capital Group
Adam Holdsworth, 646-862-4607
adamh@proactivecapital.com
or
Media Contact
AverittPR
Matt Averitt, 214-823-2244
matt@averittpr.com

Release Summary

Calpian, Inc. Appoints Chris Anderson President of U.S. Subsidiary Calpian Commerce

Contacts

Investor Contact
ProActive Capital Group
Adam Holdsworth, 646-862-4607
adamh@proactivecapital.com
or
Media Contact
AverittPR
Matt Averitt, 214-823-2244
matt@averittpr.com