Monday, March 22, 2010
Global Axcess Corp Signs New Five-Year Contract with Convenience Store Chain for 20 ATMs
- Secures Contract Valued at Over $340,000 per Year -
JACKSONVILLE, Fla., March 25, 2009 /PRNewswire-FirstCall/ -- Global Axcess Corp (OTC Bulletin Board: GAXC - News; the "Company"), an independent provider of self-service kiosk solutions, today announced that its ATM subsidiary, Nationwide Money Services, has signed a new, 60-month contract with a convenience store chain valued at over $1.7 million over the full-term of the contract that will cover 20 newly installed ATMs with a full-turnkey Global Axcess program. The Company expects to begin generating revenues from these services in the second quarter.
Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "Our quality, customer service and unrivaled responsiveness continues to earn us new business with a diverse and growing base of customers, and we are proud to add this convenience store chain to that list. This customer reached out to us to replace another provider who failed to meet expectations and created additional business challenges. Our ability to respond immediately, deploy ATMs at their locations and address their business needs without delay won us the business. Increasingly, our ability to meet aggressive customer timelines and deliver unrivaled ATM uptime, quality and superior responsiveness is resonating in the industry. In addition, customers embrace our efforts to eliminate the challenges of managing ATMs and enable their managers to focus on customers. As our sales pipeline grows, we are increasingly confident in our ability to grow ATM revenues organically.”
About Global Axcess Corp
Headquartered in
Investor Relations Contacts:
Sharon Jackson: 904-395-1149
Hayden IR:
Brett Maas or Jeff Stanlis: (646) 536-7331
Brett@haydenir.com / Jeff@haydenir.com
This press release may contain forward-looking statements. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "may," "will," "should," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Various important risks and uncertainties may cause the Company's actual results to differ materially from the results indicated by these forward-looking statements. For a list and description of the risks and uncertainties the Company faces, please refer to Part I, Item 1 of the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 3, 2010, and other filings that have been filed with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, and such statements are current only as of the date they are made.