NxSystems Names Karl D. Wetzel President

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NxSystems announced today that Karl D. Wetzel has added the responsibilities of President to his current duties as Chief Financial Officer. Wetzel, a 30 year business management veteran, has been responsible for leading NxSystems finance organization, which includes overseeing corporate strategy, treasury activities, accounting and reporting. In addition to his responsiblities as Chief Financial Officer, Karl will be managing the day-to-day activities of the Company.

Karl Wetzel has been a valuable contributor to the growth of NxSystems and will continue to be instrumental to company innovation and expansion as President of the Company

NxSystems, Inc., a leading provider of Global Payment Solutions, announced today that Karl Wetzel has added the responsibilities of President to his current duties as Chief Financial Officer.

Wetzel is a 30 year business finance management veteran. As Chief Financial Officer of NxSystems, Inc., Wetzel has been responsible for leading NxSystems finance organization, which includes overseeing corporate strategy, treasury activities, accounting and reporting.

Prior to co-founding NxSystems, Inc. in 2002, Wetzel was the Chief Financial Officer for two publicly traded companies; Rentrak Corporation and Shared Communications. Wetzel has a Bachelors of Science degree from California State Polytechnic University (Pomona, California) and is a CPA.

“Karl Wetzel has been a valuable contributor to the growth of NxSystems and will continue to be instrumental to company innovation and expansion as President of the Company”, said Michael Busher, Chairman of NxSystems. “In addition to his responsiblities as Chief Financial Officer, Karl will be managing the day-to-day activities of the Company.”

About NxSystems™
NxSystems, Inc. - a leading provider of Global Payment Solutions - offers organizations of every size, and across every industry and geography, a comprehensive suite of innovative electronic payment products that access the global financial network. From payroll and commissions, personal and business travel expenses, procurement, voucher, loyalty, gift and incentive programs, student rewards, consumer rebates, airline and travel provider vouchers and buy here pay here financing, to split-tender and multi-currency payment options, the NxPay® payment platform provides a real-time web-enabled electronic payment software solution for consumers, merchants, independent sales organizations (ISOs), airline and travel providers and multi-national companies located throughout the world. NxSystems has banking relationships in over 70 countries utilizing over 50 different currencies and offers Split-Tender Transactions, Pay Any Card™, NxPOS™ and Multi-Currency Transactions. For more information about NxSystems array of global payment solutions, visit http://www.nxsystemsinc.com or call 503-513-9900.

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Karl Wetzel
NxSystems, Inc.
(503) 513-9900 224
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