Electronic Clearing House Extends Warrant Deadline

Electronic Clearing House Inc., an Agoura Hills-based provider of retail sales equipment and processing services, said it has extended the period for exercise of certain warrants.

The company said 1.67 million warrants issued in 1990 and scheduled to expire Friday will now be valid through Dec. 31. Each warrant entitles the holder to purchase a share of Electronic Clearing House stock for 75 cents. The deadline for exercising the warrants was extended to allow holders to consider developments in new merchant and product sales, the company said.

The company also said that Caesar Berger, president of the company’s Computer Based Controls Inc. subsidiary, has resigned, citing personal reasons.

Joel M. Barry, chief executive of the Agoura Hills company, said Berger will serve as a consultant to Computer Based Controls for several months, and that his resignation should have a minimal effect on the subsidiary’s current projects. No replacement had been named.

Electronic Clearing House makes point-of-sale equipment and provides credit card processing and check guarantee services for merchants, restaurants, banks and other institutions. Its Computer Based Controls unit manufactures electronic credit card terminals, automated money order dispensers, utility bill payment systems and inventory tracking devices.