Intrix Technology Announces New Board Members

Online, March 1, 2011 (Newswire.com) - Intrix Technology, a California based leading provider of payment gateways, payment integration consulting and electronic bill pay services to the payment industry announced today several changes to its Board of Directors. Specifically, Intrix announced the retirement of its long time Chairman Steven Renneckar who also had served as the President of SunChase Holdings. Renneckar, who has chaired the Board since 2007 is being replaced by Intrix's Chief Executive Officer, Jeffrey Connors. Connors who joined the Intrix Board in February 2010 was named interim CEO in April of 2010 and Chief Executive Officer in July of 2010. He came to Intrix following his role as CEO of ELM Resources, a leading technology firm in the Student Loan space and had spent 25 years in a variety of senior roles at JPMorgan Chase. "We are extremely appreciative of the services provided to Intrix by Steve over the past 10 years. His leadership and guidance was extremely valuable and a major contributor to our successful growth" stated Connors.

Intrix further announced the addition of Frank J. Cotroneo to its Board of Directors. Frank's experience includes stints as the COO of NetSpend Corporation, a leading provider of reloadable prepaid debit cards and other alternative financial services to approximately 60 million under banked consumers. In addition he served as the CFO of H& R Block Corporation and among other senior roles he was the CFO of MasterCard International as well as the CFO of its Asia Pacific operations. "We are thrilled to be able to attract a high caliber player like Frank Cotroneo who brings a very successful track record in both the Domestic and International payment space. We are confident that he will augment Intrix's growth record and provide further strategic impetus to our quest for growth" stated Jeff Connors. Cotroneo in a prepared statement noted "Intrix is a small, high integrity and quickly growing gateway provider that has an abundance of support from various players in the industry. I am looking forward to helping Jeff and his senior team accelerate its growth in the years ahead"