CHERRY HILL, N.J., Jan. 19 /PRNewswire-FirstCall/ -- Access to Money, Inc. (OTC Bulletin Board: AEMI), one of the largest providers and non-bank operators of ATMs in the United States, has been selected by the Credit Union League of Connecticut, a non-profit trade association comprised of 142 credit unions, as a preferred provider of services to its members.
As part of the agreement, Access to Money will provide the Connecticut credit unions with products and services that include its Student Loan Origination Platform, ATM and ATM Kiosks, ATM Processing, Bank at School, Bank at Work, Branch Build Out, Cash Management and Security Systems for a period of three years. Access to Money will design individualized programs to fit the needs of each credit union. To help promote its services, Access to Money will have the opportunity to participate in vendor events, as well as participate and sponsor selected education events that are organized by the Credit Union League.
Richard Stern, President and CEO of Access to Money said, "This agreement with the Credit Union League of Connecticut aligns us with a very prestigious and active organization, whose membership is more than 800,000 individuals. As a preferred provider, we look forward to working with the credit unions to provide state-of-the art ATM and related financial services, as well as student loan origination services, for their members. This agreement also provides Access to Money with an additional sales channel, and an important endorsement from this important league of credit unions."
"As a leading provider of ATM and related hardware services, Access to Money has the capable means to tailor its support to the specific needs of credit unions," said Tony Emerson, President and CEO of the Credit Union League of Connecticut. "Its expansion into areas beyond financial hardware speaks well of its forward thinking and intent to provide a full range of valuable products and services to financial institutions. That's one of the reasons we are pleased to have Access to Money offer its student loan program to Connecticut credit unions."
About the Credit Union League of Connecticut
The Credit Union League of Connecticut is a non-profit trade association founded in 1935 to represent and provide services to the 142 credit unions in Connecticut.
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 more than 12,000 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, 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, 2008 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.