CHERRY HILL, N.J., March 4, 2011 /PRNewswire/ -- Access to Money, Inc. (OTC Bulletin Board: AEMI), one of the largest providers and non-bank operators of ATMs in the United States, has appointed Joseph ("Joe") Maneen, Jr., age 50, to increase its national credit union and bank sales efforts.
Mr. Maneen, a senior level management and sales professional, joined the Company on March 1, 2011, and will be responsible for generating new bank and credit union customers for Access to Money and establishing branding partnerships for its off-premise portfolio, as the Company continues to focus on this segment of the ATM marketplace.
Richard Stern, President and CEO of Access to Money said, "We are excited to have Joe join Access to Money. He has held leadership positions in various sales organizations, focusing on the bank and credit union space. Joe will add further depth to our growing commitment to service this aspect of the market, which we believe will be a source of growth for our Company in the near term. It is our expectation that the products and services we offer to these financial institution customers will make them more competitive in the marketplace, allow them to attract a new and younger membership, and diversify their product offerings. We welcome Joe to our Company and look forward to his contributions as we increase our footprint in the industry."
Mr. Maneen has been focused on sales, pricing strategies, and contract negotiations for over twenty years primarily in the banking industry. Over the past ten years, he has held various positions with Wincor Nixdorf, Inc., most recently as the Vice President, Channels, responsible for the overall management of the U.S. Banking Reseller Channel and Tier III Direct Sales Organization. Prior to that, he was Tactical Marketing & Sales Development – Sales Specialist with the United States Postal Service. Mr. Maneen also worked for United Parcel Service ("UPS") as an account executive responsible for sales revenue growth of UPS CWT Services for the eastern one-third of New York State. Mr. Maneen, a U.S. Army Veteran, earned his BS in Psychology from Union College, Schenectady, New York.
About Access to Money, Inc.
Access to Money, Inc. is one of the largest providers and non-bank operators of ATMs in the United States. With approximately 10,700 terminals under contract, its customers range from national specialty stores, retailers and credit unions to individual convenience stores, and are located throughout all 50 states. Access to Money also provides student loan outsourcing services to university credit unions throughout the United States.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts included herein, including without limitation, statements regarding our future financial position, business strategy, budgets, projected sales, projected costs and plans and objective of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation there on or similar terminology or expressions. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: a decline in ATM transaction volume or fees, changes in technology standards, regulatory changes, increases in interest rates, the inability to obtain cash for our ATMs, reduction in the number of transacting ATMs, market acceptance of our student loan processing services, demand for student loans, availability of credit, changes in regulations regarding student loans and financial institutions, and statements of assumption underlying any of the foregoing, as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2009 filed with the Securities and Exchange Commission and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. We assume no duty to update or revise our forward-looking statements based on changes in internal estimates, expectations, or otherwise or to reflect events or circumstances after the date hereof.
SOURCE Access to Money, Inc.