[November 26, 2012]

CTS Expands with the Addition of Financial Industry Veteran Mitch Preston

CTS North America, a market leader in providing check capture and cash handling solutions to the financial services industry, announced that Mitch Preston has joined the company as its senior account representative.

Preston has more than ten years of sales and business development experience within the financial services industry. In his new role at CTS (News - Alert) North America, he will be part of a proven sales team targeting the largest U.S. financial institutions.

Previously, Preston served as a regional sales manager for Panini North America and was responsible for check scanner sales, relationship management and professional services provided to the Top 25 financial institutions in the Northeast. At Panini, Preston was the company's top global sles performer after developing his region to more than $40 million in annual sales.

More recently, Preston served as a business development manager for Diebold, where he was responsible for developing comprehensive payment and item processing solutions for regional banks and credit unions across nine states. Preston also worked as the strategic account manager in the financial solutions division for NCR, where he led ATM sales, relationship management and hardware maintenance operations. In this role, he managed NCR's strategic account team of sales, technical and professional services associates.

"Interest in CTS's solutions continues to grow, and we are committed to providing the best resources possible to prospects and customers making critical decisions regarding branch automation and remote deposit capture technology," said Glen Fossella, COO, CTS North America. "With Mitch's background in our space and established record of success, we are confident that he will be a great addition to the CTS team."

Preston earned a Bachelor of Science in Business and Marketing from the University of Miami and currently resides in Cincinnati, Ohio.

About CTS North America

CTS North America is a market leader in providing check capture and cash handling solutions to the financial services industry. Its parent company, CTS Electronics, is a global provider of automated systems for payments, document processing, cash recycling and deposits. CTS has more than one million peripherals installed across five continents, including more than 500,000 document readers and check scanners worldwide. Additional information is available online at www.ctsna.com.

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