Market Overview

EVERTEC Partners with Start-Up Accelerator, Parallel 18


Driving innovation, experience & financial support for

EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") and the Puerto
Rico Science Technology and Research Trust, today announced the signing
of a collaboration agreement with its start-up accelerator program,
Parallel 18 (P18). With this partnership, P18 will leverage many of
Evertec's assets as well as receive a cash investment that will be
awarded to participants to foster the next generations of
entrepreneurial companies.

"Technology and innovation are key elements for the competitiveness and
success of businesses today. We are very excited about this partnership
with the Puerto Rico Science Technology & Research Trust since it
provides us with the opportunity to stay at the forefront of new
business ventures and at the same time, add value to its P18 program and
its participating companies from around the world," said Guillermo
Rospigliosi, Executive Vice President of Product, Marketing and
Innovation of Evertec.

Evertec will offer P18 participants many benefits such as:

  • Investment to accelerate business's development and launch
  • Waiver of fees on payment products and services for each participant
    during the term of the program
  • Expedited merchant account opening
  • Participation of Evertec personnel as mentors and speakers at P18
  • Opportunity for Parallel's startup participants to pilot Evertec's
    newest products.

Lucy Crespo, Chief Executive Officer of the Puerto Rico Science
Technology & Research Trust, said, "We are very pleased with this new
partnership with Evertec since it gives us the opportunity to leverage
their great experience in technology and innovation. It should encourage
our entrepreneurs to use technology to take advantage of opportunities
in the market. This partnership is aligned with our mission of
investing, facilitating and building capacities to continually advance
Puerto Rico's economy."

About Evertec

EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction
processing business in Latin America, providing a broad range of
merchant acquiring, payment processing and business solutions services.
The Company manages a system of electronic payment networks that process
more than two billion transactions annually and offers a comprehensive
suite of services for core bank processing, cash processing and
technology outsourcing. In addition, Evertec owns and operates the ATH®
network, one of the leading personal identification number ("PIN") debit
networks in Latin America. Based in Puerto Rico, the Company operates in
26 Latin American countries and serves a diversified customer base of
leading financial institutions, merchants, corporations and government
agencies with "mission-critical" technology solutions. For more
information, visit

About the Puerto Rico Science, Technology and Research Trust:

The Puerto Rico Science, Technology and Research Trust, as described in
Public Law 214, is a nonprofit organization created in 2004 to promote
the participation and creation of jobs in the Island in the global
knowledge economy by promoting investment and the financing of research
and development of science and technology. By investing in technology
research and commercialization, the Trust serves as a catalyst for the
creation of jobs and the retention of highly qualified and often
bilingual residents of the Island. It is also responsible for the public
policy of Puerto Rico science, technology, research and development. For
more information:

About Parallel18:

Parallel18 is an economic development initiative that seeks to attract
and create high impact start-up companies that can scale from Puerto
Rico to global communities including the United States, Latin America
and Europe. Is one of the principal programs of the Puerto Rico Science,
Technology and Research Trust, operated in collaboration with PRIDCO
(Puerto Rico Industrial Development Company) and the DDECC (Department
of Economic Development and Commerce) is to expand, in the short term,
the horizons of Puerto Rican and international entrepreneurs and
generate long-term economic activity. For more information, visit:

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