Loss increases at Universal Money in 1Q

Loss increases at Universal Money in 1Q
Tags: Distributors / ISO / IAD, Public Companies
June 20, 2002

MISSION, Kan. -- ISO Universal Money reported a net loss of $134,674 on revenues of $1.96 million for the first quarter ended April 30, 2002, compared to compared to a net loss of $3,446 on revenues of $2.16 million or the first quarter ended April 30, 2001.

According to a news release, the number of ATMs in the company's network increased to 707 ATMs in 2002's first quarter from 598 in 2001's first quarter.

In addition to operating a network of ATMs, Universal Money provides network management and switching services for banks and third party ATM owners.