Toronto, Ontario, August, 15, 2002 - TNS Smart Network Inc has announced today that they have reached a milestone of 4,000 ATMs in Canada. TNS is Canada's largest privately-owned company specializing in Shared Cash and Point of Sale transaction processing. TNS offers both an in-house processing solution and sales of their proprietary Smart Processing Suite software.
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"We have experienced a remarkable 56% growth factor since December 31, 2001", says Mischa Weisz, President and CEO. Weisz further states that "In this volatile marketplace, stability and profitability are a must for our Independent Sales Organizations and Merchants to ensure permanence and viability in the future. At TNS we have sustained profitability with no debt for 5 years, and we are proud of that accomplishment."
To ensure further growth, TNS is launching its new settlement system called "DepositExec", designed to allow our customers to define their ATM's business day and ensure that balancing of ATMs is error free and effortless. New data mining and analysis tools, to be released in the coming months, will ensure that elevated profitability is sustained for both ISOs and Merchants.
For further information on TNS Smart Network Inc. and their proprietary Smart Processing Suite, contact Mr. Weisz at 1 888 236 4354 ext.250 or visit www.tns-smart.net <http://www.tns-smart.net>
