Global Axcess Corp Signs Three-Year Extension Of ATM Contract With Largest Grocery Chain Customer

 

 

JACKSONVILLE, Fla., Dec. 27, 2011 /PRNewswire/ -- Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced that it has entered into a three-year extension with the Company's largest ATM customer, a grocery store chain with locations in 11 Southeast and Mid-Atlantic states that operates more than 1,100 supermarkets. In addition, Global Axcess extended the contracts of two additional grocery chains for three years; all three contract extensions are with subsidiaries of the same international conglomerate.

Under terms of the extended agreement, Global Axcess will continue to provide a full turnkey program for over 850 ATMs in store locations covered under these extensions.

Lock Ireland, Interim Chief Executive Officer of Global Axcess, commented, "We are pleased to continue our long-term relationship with these grocery chains and remain committed to providing them with superior operational excellence. This agreement helps to reinforce management's confidence in our core ATM business, providing a profitable and predictable platform from which we can grow both organically and through select, accretive acquisitions."

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 approximately 5,300 ATMs and DVD 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.

Investor Relations Contacts: Michael J. Loiacono [e-mail]

Hayden IR: Brett Maas or Jeff Stanlis: [phone] [e-mail] / [e-mail]

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.  Forward-looking statements give the Company's current expectations or forecasts of future events, future financial performance, strategies, expectations, competitive environment, regulation, and availability of resources. The forward-looking statements contained in this release include, among other things, statements concerning projections, predictions, expectations, estimates or forecasts as to the Company's business, financial and operational results and future economic performance, and statements of management's goals and objectives and other similar expressions concerning matters that are not historical facts. These statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.