PONTE VEDRA BEACH, Fla. -- Global Axcess Corporation (OTC Bulletin Board: GLXS) announced on June 19 that it has retained New Jersey-based securities broker-dealer M.H. Meyerson & Co. Inc. for financial advice and investment banking services.
The ATM services provider said that Meyerson would be responsible for raising $20 million in combined credit facility, debt, and equity funding for the company. The capital fundraising is necessary to implement Global Axcess' strategic growth plan, according to company officials.
"The engagement of Meyerson represents an important step forward in the execution of Global Axcess' business plan," David Fann, Global Axcess president, said in a news release. "In order to fund as well as manage our aggressive growth strategy, we are excited to have Meyerson as our financial partner."
