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Global Axcess considers sale after share drop

June 15, 2006

The Business Journal of Jacksonville:In a public update to its shareholders, Global Axcess Corp. said it is still exploring a merger or sale of the company. The company also said it does not know why its share price has tumbled in recent weeks. "We have no specific knowledge as to why our share price has experienced this recent decline in price," the company said in a statement. GAXC's stock opened Thursday trading at 50 cents per share, after being as high as $1.70 last year.

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