Tuesday, December 27, 2011

Global Axcess Corp. (GAXC) Signs Extension of ATM Contract with Largest Grocery Chain Customer

Global Axcess Corp. is an independent provider of self-service kiosk solutions. The company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management along with project and account management services.

The company announced today that it has entered into a three-year extension with its largest ATM customer, a grocery chain with locations in 11 Southeast and Mid-Atlantic states that operates more than 1,100 supermarkets. Under terms of the newly-extended agreement, Global Axcess will continue to provide a full turnkey program for over 850 ATMs in store locations.

Global Axcess’ CEO, Lock Ireland, commented, “This agreement helps to reinforce management’s confidence in our core ATM business, providing a profitable and predictable platform from which we can grow both organically and through select, accretive acquisitions.”

In addition, the company announced it had also extended the contracts of two additional grocery store chains for three years. All three contract extensions are with subsidiaries of the same international conglomerate.

For more information about Global Axcess Corporation, please visit the company’s website at www.globalaccess.biz

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