CAPITAL Corporate News

CAPITAL Expands to Accommodate Growing Business
September 2, 2005

SIOUX FALLS, SD, - CAPITAL Card Services, Inc. (CAPITAL), a leader in portfolio management and card outsourcing solutions, today announced the expansion of its Sioux Falls and Brookings workforce which includes a multi-million dollar addition to its facility in Brookings.

The expansion comes as a result of the growing business and partnerships CAPITAL is acquiring.

“Our continued investment in infrastructure and the creation of employment opportunities shows our deep commitment to the communities we serve,” said Jeff Aegerter, CAPITAL’s President and CEO. “Our strategy to build and own our facilities further demonstrates our confidence to be a long-term employer of choice.”

CAPITAL currently employs over 200 people. It is expected to more than double its workforce within the next 18 months, triggering the need for additional space at its facility in Brookings.

“We still have quite a bit of capacity at our Sioux Falls facility and plan to hire an additional 100 employees here by the end of 2006,” said Terry Understock, Vice President of Operations. “We are also planning for continued growth in Brookings and will begin construction of a 13,000 sq. ft. addition this fall.”