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Diebold signs Philippines distributor

February 25, 2002

MANILA -- Diebold announced it has appointed Prime Systems Plus Inc. as its distributor in the Philippines. Previously, Prime Systems acted as a distributor for IBM, marketing Diebold self-service solutions under the IBM name.

Under the distributor agreement, Prime Systems will provide sales, marketing and customer support services for Diebold ATM installations throughout the Philippines.

"The Philippines has been an excellent market for Diebold with more than 30 local banks using Diebold-designed and manufactured ATMs for more than a decade," said James Chen, Diebold vice president and managing director, Asia/Pacific. "We are pleased to establish a stronger presence in the Philippines. "

Honorio Ingal, president of Prime Systems Plus, said the two companies are well suited and that he is optimistic the partnership will be successful.

"This agreement is of special significance because the relationship between Diebold and Prime goes back a long way," he said. "We have supplied Diebold solutions to the Philippines' ATM and self-service market for more than 10 years."

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