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MICR Prime Services, Inc.

Seeking $1.5mm investment to launch our ChIPS system with company paying dividends in year 2, on our scalable platform.

  • Stage Full Product Ready
  • Industry Business Products
  • Location United States
  • Currency USD
  • Founded April 2004
  • Employees 5
  • Website

Company Summary

We manufacture & market ChIPS (Checks In-House Production System - USPTO #7464920). It reclaims lost profit for banks, CUs, trusts, & S&Ls - average $1200/month/branch (currently it's a "pass- through" to outside vendors). It takes a 12-month $200K loan @ 6% to equal the same profit in interest income. Bankers are clamoring to increase revenue - fewer loans & stiffer asset ratios. ChIPS is affordable for every branch & requires no new staff


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    Christopher M Kjeldsen

    Chris is a graduate of the University of Northern Colorado with a BS degree in Accounting. He has been a CFO, Controller and Accountant since 1982 and currently is president and owner of CFO Consulting.

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    James C Romig

    MICR Prime is an out growth of Computer Forms (print service brokerage). Research for a unique product to sell led Jim to a bank document production software (MS DOS). He purchased the Windows version in 2004. More than 300 customers in 26 states & 2 foreign countries use the package. ChIPS is new to the company. It is break through technology that will change the way bankers deliver paper checks to their clients.

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    George M Cross

    George has more than 30 years inventing, designing, engineering and manufacturing office automation equipment. He led the innovative efforts for many new products during his tenure at Gradco Systems, Inc. contributing to the company’s NASD listing.

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    Roger G Sullivan
    VP Sales & Marketing

    Roger has a 30 year career in sales/marketing, operations, & strategic planning. He is an expert in the new product development process & has frequently worked with product customizations. He has an MBA from the University of Bridgeport, has consulted with numerous start-up organizations, and is an adjunct professor at the University of Phoenix, San Diego.

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    Carol J Romig
    COO Secretaty/Treasurer

    Carol has a BS degree in Management & Organizational Development from Colorado Christian University. She was with Focus on the Family for 12 years where she led implementation of their intranet before joining MICR Prime.