JACKSONVILLE, Fla., Oct. 27 /PRNewswire-FirstCall/ -- Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced that its ATM subsidiary, Nationwide Money Services, has signed a three-year agreement with a southeastern U.S.-based convenience store chain for 20 ATMs in an initial full turnkey Global Axcess program with a potential of adding more full-service and processing-only ATMs to the contract at a later date. Total value of the current agreement over the three-year term is approximately $450,000. The Company expects to begin generating revenues from these services in the fourth quarter of 2010.
Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "Our ATM sales pipeline remains robust and our contract with this new customer resulted primarily from our reputation for high quality solutions and high service levels. This turnkey program will allow our customer to focus on its customers, not the management of ATMs. We also look forward to the potential of expanding into more of their locations at a later date with both turnkey programs and processing-only opportunities."
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 4,900 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. For more information on Nationwide Money Services, please visit http://www.nationwidemoney.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.
SOURCE Global Axcess Corp