For the EPPIC
, Oakley (2002) reported that they incorporated qualitative research in their reviews, but they had encountered multiple problems in their evaluation of qualitative studies.
Using EPPIC, ACS will design, implement, and operate the EBT system to process food stamp and Temporary Aid for Needy Families benefits.
Through its EPPIC solution, ACS is expanding its share in the growing $1 billion EBT market.
is unique in that it offers the EBT marketplace unprecedented features, such as a Web browser interface, on-line reporting features, and Internet access for clients and retailers to review their accounts and transactions.
is a state-of- the-art software application, written in JAVA, offering the EBT marketplace unprecedented features, including a Web browser interface, on-line reporting features, and Internet access for clients and retailers to review their accounts and transactions.
Assuming the conversion of all Citizens' equity units and EPPICs
, the special dividend would amount to approximately $675 million, and the ongoing cash flow requirements of the quarterly dividend would approximate $340 million annually.
The annual dividend of $1 per share represents a pay out of approximately 73% of expected free cash flow for 2004 excluding such charges and assuming conversion of all of the company's equity units and EPPICS (which would result in a total of approximately 338 million common shares outstanding, using the mid-point of the range of the conversion price of the equity units).
The EPPICS are rated based on their subordination to all senior indebtedness of Citizens.