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Transoft appoints execs to develop European ATM cash optimization business

February 5, 2003

RALEIGH-DURHAM, N.C. -- Transoft International, Inc. is boosting its European presence with the appointment of Michael Printer as its new director of Transoft (Europe) Ltd.

According to a news release, Printer will be responsible for all aspects of business
growth within the European market. Prior to joining Transoft, he spent six years with NCR where he was responsible for the development of ATM managed services and outsourcing solutions.

Louise Carter, who previously worked in operational management roles within the UK financial institutions HSBC and Abbey National, also joins Transoft (Europe) Ltd. in the role of currency management consultant.

According to the release, Carter has experience at all levels of cash management including vault funding, NCS regulatory requirements and ATM estate forecasting and optimization.

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