Attached files
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| 8-K - GLOBAL AXCESS CORP | v183350_8k.htm |
Global
Axcess Corp Signs Three-Year Agreement with Major Grocery Chain for DVD Rental
Kiosks
Agreement
Expected to Generate $7.0 Million per Year over Three-Year Term
for
300 Initial Locations; Win Displaces Incumbent Kiosk Vendor
JACKSONVILLE,
Fla., May 4, 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 three-year agreement with a major grocery chain
(“Grocery”), to initially install 300 new DVD kiosk locations that can grow by
20% or more locations. The Grocery has been an ATM client of Global Axcess.
Rollout of the DVD program with the Grocery will begin in July of this
year.
Mr.
George McQuain, Chief Executive Officer of Global Axcess, stated, "We are
pleased and excited to announce this significant DVD kiosk agreement with the
Grocery, a valued client on the ATM side of our business. This demonstrates our
ability to cross-sell our DVD kiosk solutions to our current client base, many
of whom are well suited for the addition of DVD kiosks. We believe our satisfied
clients, looking for new revenue streams, will welcome our operational
excellence and revenue share opportunity on this side of their business as
well.”
A
representative of the Grocery, stated, “We are pleased to sign this wider
agreement to deploy Global Axcess’ InstaFlix DVD kiosks at our stores to provide
a compelling convenience for our customers.”
Mr.
McQuain continued, “Clients of ours increasingly tell us how happy they are to
work with Global Axcess. We are focused on preserving our record for exceptional
customer service as we expand our business to include other types of
self-service kiosk solutions.”
About
Global Axcess Corp
Headquartered
in Jacksonville, Florida, Global Axcess Corp was founded in 2001 with a mission
to emerge as the leading independent provider of self-service kiosk services in
the United States. The Company provides turnkey ATM and other self-service kiosk
management solutions that include cash and inventory management, project and
account management services. Global Axcess Corp currently owns, manages or
operates more than 4,500 ATMs and other self-service kiosks in its national
network spanning 43 states. For more information on the Company, please
visit http://www.globalaxcess.biz.
Investor
Relations Contacts:
Sharon
Jackson: 904-395-1149
IR@GAXC.biz
Hayden
IR:
Brett
Maas or Jeff Stanlis: (646) 536-7331
Brett@haydenir.com
/ Jeff@haydenir.com
7800
Belfort Parkway, Suite 165, Jacksonville, FL 32256
www.globalaxcess.biz
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, 2010,
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.
###
7800
Belfort Parkway, Suite 165, Jacksonville, FL 32256
www.globalaxcess.biz