News

CashPoint gets second round of equity financing

March 5, 2002

SEATTLE -- CashPoint, an ATM advertising company that is working with Wells Fargo Bank on its on- screen advertising and couponing program, received a second round of equity financing in a private placement led by Allen & Company and Alpine Capital of New York.

According to CashPoint CEO J.J. Manning, the financial backing will be used to support the company's nationwide expansion and to strategically align CashPoint with partners in media and telecommunications.

"We are extremely pleased with the progress that CashPoint has made in the last few months, especially the completion of its contract with Wells Fargo," said Geoffrey Holmes of Alpine Capital. "CashPoint is on the fast track, and this financing supports the company's expanded sales operations as well as their continued investment in new technologies."

CashPoint recently moved into new Seattle offices at 1424 Fourth Ave.