Tuesday, May 4, 2010
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
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, 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.
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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