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Universal Money Centers reports 1st quarter results

January 2, 2002

MISSION, Kan. -- Universal Money, an ATM operator and provider of network management and switching services for banks and third-party ATM owners, reported revenues for the first quarter ended April 30, 2001 of $2.2 million as compared to $1.9 million for the first quarter ended April 30, 2000.

The company reported a net loss of $3,446 for the 2001 first quarter, compared to a net loss of $73,508 for the year-earlier first quarter.

According to a company press release, the number of ATMs in Universal's network increased to 598 in the 2001 first quarter, from 527 a year earlier.

Additional information is contained in the company's Form 10-QSB for the first quarter ended April 30, 2001 filed on June 14 with the Securities and Exchange Commission.


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