News

VisionSky Corp. to acquire ATM portfolios

July 19, 2006

CALGARY, Alberta - VisionSky Corp. and its wholly owned limited partnership, Transdirect LP, are entering into asset purchase agreements to acquire three private ATM portfolios. The transactions are expected to close by July 19.

According to a news release, Transdirect will acquire 60 ATMs across western Canada. The portfolios consist of ATM sites currently being processed through Transdirect. Upon completion of the acquisitions, Transdirect will receive additional surcharge revenues associated with each ATM.

"These acquisitions reflect our commitment to strategically grow and acquire ATMs and to expand our existing core western Canadian portfolio while minimizing cost of services and general and administrative expenses," said VisionSky's chief executive officer Preston Maddin.