Tuesday, November 17, 2009
Global Axcess Corp Signs New Four-Year Contract with Convenience Store Chain
- Increased Service Levels Secures Contract Valued at $100,000 per Year -
JACKSONVILLE, Fla., November 17, 2009 /PRNewswire-FirstCall/ -- Global Axcess Corp (OTC Bulletin Board: GAXC - News; the "Company"), an independent provider of self-service kiosk solutions and parent company of Nationwide Money Services www.nationwidemoney.com, today announced that it has signed a new, four-year contract valued at almost $100,000 per year, with a convenience store chain that will cover processing for 25 ATMs initially at their locations and a total of 50 ATMs when complete. The Company expects to begin generating revenues from these services in November, 2009.
Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "Our new client demanded increased service levels and greater consistency compared to their previous provider. They recognized our industry-leading position in customer service, ATM up-time and on-time residual payments. Global Axcess will provide transaction processing for ATMs in the customer's convenience store outlets. This win continues to support our belief that there are substantial opportunities for us to grow our ATM network revenues organically, both through direct sales and through the efforts of our network of distributors. We have grown our direct sales pipeline to over 4,750 ATM locations. We fully anticipate that our strengthened sales efforts will continue to deliver results."
About Global Axcess Corp
Headquartered in Jacksonville, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as the leading independent provider of self-service kiosk services in the United States. The Company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management, project and account management services. Global Axcess Corp currently owns, manages or operates more than 4,500 ATMs and other self-service kiosks in its national network spanning 43 states. For more information on the Company, please visit http://www.globalaxcess.biz.
Investor Relations Contacts:
Sharon Jackson: 904-395-1149
IR@GAXC.biz
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, 2009, 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.