Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced that it has signed a three-year contract, valued at more than $750,000 per year, with a national grocery chain that has 400 locations nationwide.
Under this new contract, the Company will install, maintain and conduct transaction processing for ATMs in 51 of their retail outlets.
Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "Our new client was looking for a provider that delivers high-quality service, provides strong technical support, and is responsive, flexible and a financially stable industry leader. Through the RFP (request for proposal) process, they recognized that we possess all of these characteristics. We are an industry leader in customer service, ATM up-time and on-time residual payments. I believe that this new contract validates the benefits of these core competencies."
Mr. McQuain concluded, "We continue to invest in our sales and marketing capabilities, and the re-staffing efforts in our sales organization have led us to a strong sales pipeline and this RFP win. We believe that there are substantial growth opportunities with this national chain and with the other sales that we are pursuing in our effort to grow our ATM network revenues organically."
The Company expects to begin delivering the ATMs to our new customer in September of 2009, with full installation to be completed in October of 2009. The Company expects to begin generating revenues from these installations in September of 2009.