Clancy Systems Intl (CLSI)

Clancy Systems International, Inc. was organized under the laws of the State of Colorado on June 28, 1984. The Company was reorganized in April 1987 after its merger with Oxford Financial Inc. They design, develop and manufacture automated parking enforcement systems for lease to municipalities, universities and institutions, including a ticket writing system and other enforcement systems. The Company also provides hardware and software for special projects for Hertz Corporation including a project called Fleet Control. Fleet Control was developed in 1987 as an internal security system used by Hertz to track the transfer of cars between locations. Clancy Systems International, Inc. acquired 60 percent ownership in a partnership with Urban Transit Solutions and UTS became a consolidated subsidiary of the Company. The Company's products include a parking enforcement system, back office processing and filing system. The Company offers Internet payment processing of tickets, permit registrations, and clearing of funds for its clients and industry affiliates. They spent $41,507 and $33,471 on research and development activities for the fiscal years ended September 30, 2002 and 2003, respectively. They currently have eleven employees in Company operations and four employees in privatization projects.