Thursday, January 7, 2010
Global Axcess Corp Signs New Turnkey Contract with Southeastern Grocery Store Chain for 72 Locations
- Value of New 16-Month Contract Exceeds $250,000;
Upgrades Customer from In-House Processing -
JACKSONVILLE, Fla., January 7, 2010 /PRNewswire-FirstCall/ -- Global Axcess Corp (OTC Bulletin Board: GAXC - News; the "Company"), an independent provider of self-service kiosk solutions, today announced that it has signed a new, 16-month contract valued at $16,000 per month, with a southeastern-based grocery store chain that will cover 72 ATM locations and upgrades the customer from an in-house processing system to a full-turnkey Global Axcess program. The Company expects to begin generating revenues from these services in the first quarter of 2010.
Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, "This new client converted the ATM locations from in-house management to our outsourced solution. They recognized that our turnkey program will help them reduce their overhead costs and allow their managers to concentrate on customer service rather than managing ATMs. They appreciate our industry-leading position in customer service, ATM up-time and on-time residual payments. Re-staffing our sales organization during 2009 has led us to a strong sales pipeline and validates our investment in our sales and marketing capabilities as this win reflects. We believe there are substantial growth opportunities for us to grow our ATM network revenues organically.”
About Global Axcess Corp
Headquartered in
Investor Relations Contacts:
Sharon Jackson: 904-395-1149
Hayden IR:
Brett Maas or Jeff Stanlis: (646) 536-7331
Brett@haydenir.com / Jeff@haydenir.com
This press release may contain forward-looking statements. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "may," "will," "should," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Various important risks and uncertainties may cause the Company's actual results to differ materially from the results indicated by these forward-looking statements. For a list and description of the risks and uncertainties the Company faces, please refer to Part I, Item 1 of the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 3, 2009, and other filings that have been filed with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, and such statements are current only as of the date they are made.
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Aug. 11, 2010 - TRANSCRIPT - Global Axcess Corp 2nd Qtr. 2010 Earnings Conference Call
Jun. 25, 2010 - SIDOTI & COMPANY, LLC 2010 Semiannual Micro-Cap Conference
May. 26, 2010 - Global Axcess Corp 2010 Shareholders Meeting - Proxy Materials
May. 26, 2010 - Global Axcess Corp 2010 Annual Shareholder Meeting

Tuesday, August 10, 2010
Global Axcess Corp Announces Second Quarter 2010 Financial Results
Tuesday, August 3, 2010
Global Axcess Corp Signs Extension with Grocery Store Chain, Adding 28 ATMs