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News Release

Valid USA Announces Purchase of Vmark Assets
Chicago, Illinois. December 3, 2012

Valid USA announced today that the purchase of substantially all of the operating assets
of Vmark, Inc. and certain of its affiliates (collectively, “Vmark”), successfully closed on Friday, November 30, 2012. These assets include the companies formerly known as Versatile Card Technology, Inc., Qualteq, Inc. (d/b/a VCT-New Jersey, Inc.), Creative Automation, Unique Mailing Services, Inc., Global Card Services, Inc., Unique Embossing Services, Inc., Automated Presort, Inc., Fulfillment Xcellence, Inc., Unique Data Services, Inc., and Veluchamy, LLC.

Valid CEO José Roberto Mauro says “We are pleased to welcome the employees, clients
and partners of Vmark and I wish them all success as they join the Valid team. This is an exciting milestone for Valid.”

This acquisition provides Valid USA with an additional 7 production facilities and 1,200 employees in the US, principally around Chicago, Illinois and in South Plainfield, New Jersey.

“We will continue to deliver the trusted solutions in plastic cards, data, direct marketing and postal presorting on which our customers rely today. We will also enhance our value proposition by bringing new technology and innovation to the market.” announced Dean Warner, President of Valid USA.

A publicly-traded Brazilian company, Valid is present in all Brazilian states and is expanding operations around the world, with its brand already recognized and respected in countries including Argentina, Spain and the United States. With a market
capitalization of more than US$1 billion, and now more than 6,000 employees, Valid is a proven market leader in meeting the demands for cyber and information security which has made the Valid trademark a byword for trust and credibility.

PricewaterhouseCoopers Corporate Finance, LLC, Hilco Real Estate LLC, and Kirkland & Ellis LLP advised the Trustee in connection with the transaction. Dreifus Associates, Ltd., Inc. served as industry advisor to Valid, and Deutsche Bank, Deloitte LLP and DLA Piper LLP (US) provided financial and legal advice to Valid.

Learn more about Valid at www.valid.com.br/en and Valid USA at www.validusa.com.


News Release


Chicago, Illinois - November 6, 2012

Vmark, Inc. and certain of its affiliates (collectively, “Vmark”), recognized leaders in the production of plastic cards, direct mail marketing, and data solutions, announced today that the United States Bankruptcy Court for the Northern District of Illinois has approved Vmark’s agreement with security solutions provider Valid USA, Inc. (“Valid USA”), a wholly owned subsidiary of Valid S.A. (MF&FBovespa:  VLID3) (“Valid”), for Valid USA to purchase substantially all of the operating assets of the Vmark companies, including Versatile Card Technology, Inc., Qualteq, Inc. (d/b/a VCT-New Jersey, Inc.), Creative Automation, Unique Mailing Services, Inc., Global Card Services, Inc., Unique Embossing Services, Inc., Automated Presort, Inc., Fulfillment Xcellence, Inc., Unique Data Services, Inc., and Veluchamy, LLC, for consideration valued at approximately $51.2 million in the aggregate.  The Court’s approval is an important step in the sale process initiated by Vmark under section 363 of the United States Bankruptcy Code.  The sale agreement is subject to customary closing conditions, with Vmark anticipating a closing on or before November 30, 2012. 

“I would like to thank the Vmark employees for their dedication throughout the chapter 11 process.  Their ‎hard work has made this sale possible,” declared Mr. Fred C. Caruso, Vmark’s court-appointed Trustee.

“We are pleased and honored to have achieved this important milestone and we look forward to welcoming the Vmark customers, employees and partners into the Valid family, thereby strengthening our ability to meet today’s and tomorrow’s needs in the rapidly emerging digital economy,” announced Sidney Levy, the Chairman of Valid.

The Vmark companies operate across 7 facilities with 1,200 employees, principally around Chicago, Illinois and in South Plainfield, New Jersey. 

A publicly-traded Brazilian company, Valid is present in all Brazilian states and is expanding operations around the world, with its brand already recognized and respected in countries including Argentina, Spain and the United States.  With a market capitalization of more than US$1 billion, and more than 5,000 employees, Valid is a proven market leader in meeting the demands for cyber and information security which has made the Valid trademark a byword for trust and credibility.

PricewaterhouseCoopers Corporate Finance, LLC, Hilco Real Estate LLC, and Kirkland & Ellis LLP advised the Trustee in connection with the transaction.  Dreifus Associates, Ltd., Inc. served as industry advisor to Valid, and Deutsche Bank, Deloitte LLP and DLA Piper LLP (US) provided financial and legal advice to Valid.

Learn more about Valid at www.valid.com.br/en and Vmark at www.vmarkusa.com


News Release


Hillside, IL - September 27, 2012

Vmark, Inc. and its nine affiliate companies (collectively, “Vmark”), recognized leaders in the production of plastic cards, direct mail marketing and data solutions, announced today that they have filed court documents as part of its Chapter 11 proceedings pending in the United States Bankruptcy Court for the Northern District of Illinois seeking approval of an agreement for Valid USA (“Valid”) to purchase substantially all of the assets of Vmark for approximately $51 million under section 363 of Chapter 11 of the United States Bankruptcy Code.  This agreement provides for Valid USA’s status as a stalking horse bidder for participating in an auction for the acquisition of those assets, to be held in case other potential buyers present proposals, expected to occur over the next 60 days.

Closing of the transactions contemplated under the agreement is subject to the satisfaction of customary closing conditions and court approval, which conditions may not be satisfied.

Vmark had voluntarily filed for protection under Chapter 11 on August 14, 2011 to separate itself from negative publicity arising from unrelated litigation surrounding the failure of Mutual Bank.

This announcement is a major step toward ending Vmark’s Chapter 11 status, and ensuring that our customers will continue to receive the quality, service and value that Vmark has always delivered.

Valid, created in 1957, is one of the largest suppliers of Smart Cards in Brazil and plays a critical role in the lives of millions of citizens worldwide by providing industry leading solutions in payment technology, telecommunications, identification systems and digital certification. Behind the billions of credit card transactions, cell phone calls, and driver licenses, Valid’s people, processes and state-of-the-art technology are making things happen effectively and securely. Valid provides leading edge solutions that meet the highest expectations of our clients' needs.

As a publicly-traded Brazilian company (VLID3), Valid is present in all Brazilian States and is expanding operations around the world, with its brand already recognized and respected in countries including Argentina, Spain and the United States.  With a market capitalization of approximately $1 billion US dollars, and more than 5,000 employees, Valid is a proven market leader meeting the demands for cyber and information security which has made the Valid trademark a byword for trust and credibility.

Learn more about VALID at www.valid.com.br/en and Vmark at www.vmarkusa.com

The Vmark companies continue to be healthy and profitable, as we were prior to voluntarily entering Chapter 11.  We will continue to meet the needs of our clients on a day-to-day basis through to the conclusion of this sale process, as we have for the past 13 months, and as we have since our company’s inception in 1969.

Valid USA Announces Purchase of Vmark Assets
Chicago, Illinois. December 3, 2012
Valid USA announced today that the purchase of substantially all of the operating assets
of Vmark, Inc. and certain of its affiliates (collectively, “Vmark”), successfully closed on
Friday, November 30, 2012. These assets include the companies formerly known as
Versatile Card Technology, Inc., Qualteq, Inc. (d/b/a VCT-New Jersey, Inc.), Creative
Automation, Unique Mailing Services, Inc., Global Card Services, Inc., Unique Embossing
Services, Inc., Automated Presort, Inc., Fulfillment Xcellence, Inc., Unique Data
Services, Inc., and Veluchamy, LLC.
Valid CEO José Roberto Mauro says “We are pleased to welcome the employees, clients
and partners of Vmark and I wish them all success as they join the Valid team. This is
an exciting milestone for Valid.”
This acquisition provides Valid USA with an additional 7 production facilities and 1,200
employees in the US, principally around Chicago, Illinois and in South Plainfield, New
Jersey.
“We will continue to deliver the trusted solutions in plastic cards, data, direct marketing
and postal presorting on which our customers rely today. We will also enhance our
value proposition by bringing new technology and innovation to the market.” announced
Dean Warner, President of Valid USA.
A publicly-traded Brazilian company, Valid is present in all Brazilian states and is
expanding operations around the world, with its brand already recognized and respected
in countries including Argentina, Spain and the United States. With a market
capitalization of more than US$1 billion, and now more than 6,000 employees, Valid is a
proven market leader in meeting the demands for cyber and information security which
has made the Valid trademark a byword for trust and credibility.
PricewaterhouseCoopers Corporate Finance, LLC, Hilco Real Estate LLC, and Kirkland &
Ellis LLP advised the Trustee in connection with the transaction. Dreifus Associates, Ltd.,
Inc. served as industry advisor to Valid, and Deutsche Bank, Deloitte LLP and DLA Piper
LLP (US) provided financial and legal advice to Valid.
Learn more about Valid at www.valid.com.br/en and Valid USA at www.validusa.com.