January 22, 2017 5:29 AM ET

Professional Services

Company Overview of A D Computer Corporation

Company Overview

A D Computer Corporation provides payroll, and payroll tax depositing and filing services to small family businesses and large corporations in the United States. The company offers payroll checks direct deposit, direct deposit to debit cards, check signing/check self mailers, new hire reporting, electronic child support payments, domestic relation checks, EMST/OPT receipts, labor distribution/job costing, and online payroll and paperless payroll services. It processes payroll; and prints checks, vouchers, and payroll reports. The company was founded in 1971 and is based in Center Valley, Pennsylvania. As of December 28, 2012, A D Computer Corporation operates as a subsidiary of Universal Bus...

3939 West Drive

Center Valley, PA 18034

United States

Founded in 1971

Phone:

610-797-9500

Fax:

610-797-9520

Key Executives for A D Computer Corporation

Chief Executive Officer
Compensation as of Fiscal Year 2016.

A D Computer Corporation Key Developments

Ad Computer Corporation and Payroll Tax Filing Services, Inc. Enter into First Amendment and Joinder Agreement to the Loan and Security Agreement

On May 6, 2015, AD Computer Corporation and Payroll Tax Filing Services, Inc. as borrowers, and JetPay Corporation, ACI Merchant Systems, LLC and JetPay, LLC, collectively as loan parties, entered into a first amendment and Joinder agreement to the loan and security agreement dated December 28, 2012 and a revolving credit note dated May 6, 2015 with Metro Bank, as the lender. The Note provides a $1.0 million revolving credit facility that matures on May 6, 2017 and that accrues interest at the rate of the Wall Street Journal Prime rate plus 1.00%, with a floor of 4.25%. The Note is guaranteed by the borrowers and loan parties and is secured by all assets of ADC, PTFS, and ACI, a pledge by the Company of its ownership interest in ADC and ACI, as well as a $1.0 million negative pledge on the stock of JetPay, LLC. On May 6, 2015, the proceeds of the $1.0 million Note, along with $650,000 of current cash and cash equivalents, were used to partially fund a $2.0 million deferred consideration liability due to the stockholders of ADC.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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