JACKSONVILLE, Fla., Jan. 7 /PRNewswire-FirstCall/ -- Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced that it has signed a new, 16-month contract valued at $16,000 per month, with a southeastern-based grocery store chain that will cover 72 ATM locations and upgrades the customer from an in-house processing system to a full-turnkey Global Axcess program. The Company expects to begin generating revenues from these services in the first quarter of 2010.
Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "This new client converted the ATM locations from in-house management to our outsourced solution. They recognized that our turnkey program will help them reduce their overhead costs and allow their managers to concentrate on customer service rather than managing ATMs. They appreciate our industry-leading position in customer service, ATM up-time and on-time residual payments. Re-staffing our sales organization during 2009 has led us to a strong sales pipeline and validates our investment in our sales and marketing capabilities as this win reflects. We believe there are substantial growth opportunities for us to grow our ATM network revenues organically."
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.
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.
SOURCE Global Axcess Corp