Palm Coast Data Commits $2.6 Million to Digital, Ecommerce Technologies and Membership Services in 2014

PALM COAST, Fla. (Jan. 13, 2014) – Palm Coast Data (PCD) has committed to invest $2.6 million in 2014 to expand and enhance its digital/ecommerce infrastructure, consolidated database technologies and membership services platform.

The move continues PCD’s momentum from 2013, when it launched an array of new high-tech products and services that provide the nation’s leading magazine publishers and membership organizations with industry-leading solutions that leverage the rapidly changing high-tech and digital landscape for expanded revenue opportunities.

“This multi-million-dollar commitment will help our clients continue growing and managing their digital footprints with new tools, easy-to-use functionality and a growing suite of solutions that are designed for their unique needs,” says Rory Burke, PCD’s executive vice president and chief operating officer. “It also improves Palm Coast Data’s already strong position of helping clients make revenue gains within an increasingly competitive marketplace.”

The investment is expected to yield several competitive advantages to PCD and its clients. The implemented solution will provide best-in-class tools that increase clients’ revenue opportunities, including expedited delivery of new products to the market; the ability to quickly and easily leverage digital and ecommerce product enhancements; and dynamic real-time database solutions with robust reporting capabilities.

About Palm Coast Data:

Palm Coast Data activates a strategically engineered, multi-channel mix of digital, online and traditional technologies that acquire, retain and grow customer relationships – and increase revenue – for the nation’s leading magazine publishers, membership organizations and other industries. Powered by advanced technologies, PCD drives customer interaction through comprehensive integrated solutions – from digital and emarketing technologies to high-capacity customer service and high-volume transaction processing. It also delivers actionable business intelligence and sophisticated analytics that uncover new sales strategies and insight into a client’s marketplace position. End-to-end solutions include digital entitlements, emarketing, ecommerce, remittance processing, customer service, lettershop, direct mail and more. For more information, visit www.palmcoastdata.com.

About AMREP Corporation:

AMREP Corporation, through its Media Services subsidiaries, conducts its subscription fulfillment services business in which it performs subscription fulfillment and related services for publishers, membership organizations and other customers, distributes periodicals and provides internet order processing and shipment for e-commerce retailers, packaging design, procurement and product fulfillment services and temporary staffing services. In addition, AMREP Corporation, through its subsidiaries, is a major holder of real estate in New Mexico.

Forward Looking Statements

This press release may contain certain forward-looking statements, including statements with regard to product offerings, level of investment and implementation timeframes. Words such as “believes,” “expects,” “projects,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the filings AMREP Corporation makes with the Securities and Exchange Commission. Neither Palm Coast Data nor AMREP Corporation undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.