Source: Global Axcess Corp
Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced that it has signed a five-year contract, valued at more than $550,000 per year, with a regional convenience store chain in the Southeastern United States for ATMs at 52 locations.
This is a new customer for Global Axcess Corp and under terms of the contract, the Company will install, maintain and conduct transaction processing for ATMs in 52 of the customer's convenience store outlets.
Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "By transitioning from a processing only system to a turnkey solution managed by Global Axcess, this customer has enabled their managers to focus on serving their customers and not managing ATMs. The customer indicated that our Industry leading customer service, ATM up-time and on-time residual payments were the deciding factors in winning the account. Our value proposition to grocery and convenience store chains is that we remove the headaches of managing ATMs and allow businesses and management to focus on customers, not ATM issues. This message resonated with this customer and we are pleased to have won their business."
The Company expects to begin delivering the ATMs to the 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.