Global Axcess expected to acquire more than 1,500 ATMs

Global Axcess expected to acquire more than 1,500 ATMs
Tags: Bank / Credit Union, Distributors / ISO / IAD, Retail / Off-Premises
August 8, 2005

PONTE VEDRA, Fla. -- Global Axcess Corp., an independent electronic financial-transaction processing company, announced in an Aug. 9 news release plans to acquire an independent ATM company that owns and operates more than 1,500 ATM sites, primarily on the East Coast. Based on historical financials, company officials said the deal could contribute approximately $3.6 million to Global Axcess' annual revenue.

The acquisition is expected to close by Sept. 30.