CAPITAL Corporate News

CAPITAL Stays on Growth Track - Begins Expansion Phase
September 7, 2000

SIOUX FALLS – CAPITAL Card Services, Inc., a Sioux Falls based credit card service company continues on its growth track and expects to add 200 new jobs over the next four years. CAPITAL has begun the second phase of its expansion project and will renovate an additional 18,000 square foot of office space. CAPITAL provides a wide range of “cafeteria-type” credit card services for banks that outsource everything from credit approval to account management services.

According to Jeff Aegerter, the company’s President and Chief Executive Officer, “Our projections were to grow to 300 employees by 2004 and we are right on track. We have reached capacity in our current facility by adding 100 people since beginning operation in September of last year. It is time to take the next logical step and invest in another improvement to our facility.”

Miller Sellers Heroux is the architect for the project. “CAPITAL’s facility is unique from all other card companies in Sioux Falls” explains President, Robin Miller. “Everything from vaulted ceilings with indirect lighting to the expanded parking with an employee terrace bring appeal to this facility and make it more like home to the employees who are fortunate enough to work here.” CAPITAL expects completion of the facility by December 1, 2000.